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Steel Market Update- 2/6/23

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@sahdmetalcrew

New steel numbers have been released for the month of February!!! #steel #update #information #video #economy #market #fyp #foryou #business #recycle #metal #manufacturing #scrap #sustainability #news #finance #scrap #scrapyard #team #fed

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Big news in the steel market.  The Philadelphia region closed on Friday up $20 a ton across the board.  So after declines from May through November 2022 we now have 3 straight months of scrap price increases!  We are busy updating our formulas for our industrial customers to reflect this increase and our website is already showing our new steel prices for customers coming in.

Can’t win ’em all though–non ferrous is dropping quicker than the balloon and the balloon shoot down which will increase tensions between China and the US may have something to do with that.  Almost all the metals are down today, copper is nearing the $4.00 territory, somewhere it hasn’t been since early January.  Aluminum down less dramatically and inventories for both are tight.

Stay tuned for more information on the markets, looks like it will be an eventful February!

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Acceptable Materials

Appliances including:

  • Stoves
  • Microwaves
  • Washers and Dryers
  • Dishwashers
  • FOR A $20 FEE—Air Conditioners

End of Life Items Including:

  • Hot Water Heaters
  • Machinery (all fluids,pans and cylinders removed)
  • Farm Equipment
  • Farm Machinery
  • Lawnmowers
  • Cast Iron Patio Furniture
  • Cast Iron Outdoor Railing
  • Sheet Metal
  • Steel Wheels
  • Steel

Nonferrous Scrap:

  • Aluminum
  • Aluminum Cans
  • Aluminum Pots and Pans
  • Aluminum Siding/Gutters/Downspouts
  • Aluminum Patio Furniture
  • Aluminum Wheels
  • Aluminum Wire
  • Auto Batteries
  • Brass Fixtures/Lamps Decorative items
  • Cable, Fence and Wire
  • Christmas Lights
  • Copper
  • Copper and Brass Plumbing Pipes
  • Copper and Brass Plumbing Valves and Connectors
  • Copper Tubing
  • Copper Wire
  • Electric Motors
  • Insulated Wire
  • Radiators
  • Screen Doors/Windows (glass removed)
  • Stainless Steel

Prohibited Materials

  • Any Scrap Containing Refrigerants (CFC or HCFC). This includes Freezers and refrigerators. Air Conditioners are accepted for a $20 fee
  • Acetylene Cylinders
  • Asbestos or Asbestos Containing Materials (ACM)- applies to both fibrous and solid materials
  • Cathode Ray Tubes (CRT/tube-style computer monitors or televisions)
  • Closed Compressed Gas Cylinders – high pressure cylinders with valve intact
  • Combustible or Flammable Materials – fuels, paints, degreasers, unpunctured aerosol cans
  • Corrosive Materials – highly acidic or caustic materials (battery acid, caustic soda, etc.)
  • Explosive Materials, Munitions, Shell Casings – includes suspect military scrap
  • Free Flowing Liquids (including water)
  • Hazardous Waste – toxic or poisonous materials or wastes
  • Infectious Materials – blood-soaked or biohazard items
  • Liquids or Scrap Containing Free Flowing Liquids – fuels, antifreeze, oils, hydraulic fluid, paints
  • Mercury Containing Materials – mercury-containing thermostats, switches or fluorescent light bulbs
  • Non-Metallic Items – concrete, wood, asphalt, dirt, debris, tires (more than 5 per auto)
  • PCB-Containing Materials
  • Whole tanks uncut
  • Radioactive Scrap – anything exhibiting radiation levels above background
  • Scrap with Small Capacitors that contain 50 ppm of PCBs