Copper Prices Up Again!

Scrap Metal Price Update – 01/10/2023

Date

Big start to the week in metals!  The screenshot below is proof copper hit over $4.00 overnight and we are hoping it holds and moves forward!  As you can see these are levels that have not been hit since mid-June 2022.  The interesting note is that this is not strictly a currency move.  While the Yuan-US Dollar conversion rate is now well under the 7 benchmark, this level has been hit more recently, though the number falling below 6.8 Yuan to the dollar indicates a strength level that typically supports higher pricing.  The reason the copper price did not follow the yuan strength in November is the country was locked down.  Now with the open, no matter the varying success it seems like momentum is pushing copper prices higher.  Sahd Metal Recycling has increased the price for bare brite copper, #1 copper, #2 copper, sheet copper, brass, aluminum copper radiators and almost every copper based category conceivable!

Steel also looks poised for a big January!  Some of our buyers are out with strong increases and while nothing is official we look forward to passing along our price increases to our customers.  Get all those new year cleaning projects underway and bring in your lite iron, unprepared steel, prepared steel and all the grades of metal as the prices are moving up.  January is historically a good steel market and we are hoping this gives us a positive sign for 2023 steel prices.  Our industrial customer pricing formulas will be updated as soon as the market becomes official and our trucks will be rolling out with our 24 hour service guarantee and the new pricing very shortly!

Stay tuned for more updates and as always check our prices out online at https://recycleyourmetal.com/scrap-metal-prices/

MORE ARTICLES

group photo 1

Junkyard Blogs

Hi there. Alex Vazquez and Cary Frick coming to you with the new Junkyard Blog from Sahd Metal Recycling. You wouldn’t believe it, but there

Read More »

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