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Philly’s Steel Scrap Market on the Rise: October and November Show Strong Prices

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In recent developments, the steel scrap market in Philadelphia is witnessing an encouraging upward trend this month. Prices for key scrap categories, such as #1 HMS, 5-foot, and Busheling, have surged by significant margins. This positive shift is a welcome change, marking the first substantial increase since March. With reduced steel production, the industry is experiencing higher prices and, in some cases, longer wait times. Let’s delve into the details of this promising update in the Philly steel scrap market.

1. Price Increases in Key Categories:

  • #1 HMS: Prices have risen by an impressive $10.
  • 5-foot: Prices have seen a substantial boost of $20.
  • Busheling: The most remarkable increase is in the Busheling category, which has surged by an impressive $30.

2. Reasons Behind the Positive Shift: The recent surge in steel scrap prices can be attributed to the decline in steel production. As the supply decreases, demand for steel scrap rises, leading to higher prices. This shift is significant as it has been a long-awaited development for industry stakeholders.

3. October and November Price Stability: The good news doesn’t stop there. October and November are showing strong price stability, indicating that this upward trend is not just a short-lived spike. Industry experts suggest that this could be a promising sign for the months ahead.

Conclusion: The positive shift in Philly’s steel scrap market is a beacon of hope for those involved in the industry. With prices on the rise and strong indications for the upcoming months, this news is undoubtedly a boost for steel scrap pricing. Stay updated with our #SteelMarketUpdate for the latest developments in the industry.

Keep an eye on these trends if you are involved in the steel scrap market, and be prepared for potential opportunities and challenges in the coming months. #PositiveShift #SteelScrapPricing #SteelIndustry

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Acceptable Materials

Appliances including:
  • Stoves
  • Microwaves
  • Washers and Dryers
  • Dishwashers
  • FOR A $10 FEE—Air Conditioners

End of Life Items Including:
  • 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

  • Acetylene Cylinders
  • Asbestos or Asbestos Containing Materials (ACM)- applies to both fibrous and solid materials
  • Any Scrap Containing Refrigerants (CFC or HCFC) (Freezers, Refrigerators)  Air Conditioners are accepted for a $10 fee
  • 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