Weekly Scrap Metal Update: Market Manipulations & Copper's Drop

Рет қаралды 3,955

Ай бұрын

📈 Check Scrap Prices: iScrapApp.com/ - In this week's market update, we delve into the manipulations and news surrounding oversupply and potential shortages in the scrap metal markets. Copper prices have continued to decline due to an oversupply from China, creating a volatile market. We discuss the sell mentality for copper and when we might shift to a hold strategy. Additionally, we cover the slight dip in aluminum prices, the continued weakness in stainless steel, and the seasonal effects on steel prices due to mill maintenance. Learn about the stability in catalytic converter prices, despite daily fluctuations, and the strong levels for precious metals like Inconel and carbide. Stay informed and make strategic decisions during these dynamic times in the scrap market.
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Пікірлер: 32

@user-qw3pr3qo6m Ай бұрын

Im so grateful for finding your channel, ive Been scrapping for awhile but my husband isn't around anymore, I am doing this alone and I am in need of these videos for a better livelihood, i appreciate your information thank u

@iScrapApp 29 күн бұрын

😁Be strong!

@trevortillotson5067 Ай бұрын

I'd like to hear more news on/about the other nonferrous metals besides aluminum and copper. Like more news/updates about brass and/or electric motors or even news about rotors and cast iron.

@iScrapApp 29 күн бұрын

we talk about copper prices pretty generally from a trading level. If copper is up, then brass and motors will follow suit. The same goes for ferrous metal and other subsidiaries like rotors and cast. Good idea though...we will try and touch on that

@trevortillotson5067 Ай бұрын

I'm still going to hold on to some of my nonferrous scrap. But everything else I am going to sell as soon I have enough to make a full load.

@lessweet3093 Ай бұрын

Can you talk more about Aluminum? Almost all types of scrap Al = an alloy(or so i've been told), even though it is its own periodic table metal. Be it an alloy for ease of manufacturing process or to meet specs of the manufactured product, it can get very confusing, for those of us with only the simple tools of a magnet, & grinder doing a spark test. The knowledge of folk like you, can be another tool.

@iScrapApp 29 күн бұрын

Thanks for letting us know. Take a look at this video on different types of Al: kzfaq.info/get/bejne/r96obL2mnrS6iJ8.html

@backlash1258 Ай бұрын

For your hobby retired scrapper. I say sell everything you got except copper. Buy silver and gold.

@172ellishouse Ай бұрын

I agree sir

@andreabc1469 Ай бұрын

It remains a mystery why people always buy when prices are at their highest

@steelisthemeal Ай бұрын

@@andreabc1469true

@vladrossolov4273 Ай бұрын

I agree

@gussuperman7565 Ай бұрын

Hey Thom can you talk about prices on copper tin coated , and silver coated . Which is worth more , and is it worth stripping it for more money ? Thank you. God bless y'all.

@iScrapApp 29 күн бұрын

Good question. We'll see if we can cover this

@spoodoc7272 27 күн бұрын

Been selling steel as fast as it comes in

@spoodoc7272 27 күн бұрын

Copper hit a high of 3.80 lb at Mervus in mattoon il As of June 28 it fell to 3.40 lb

@spoodoc7272 27 күн бұрын

No yard post any prices on any other their websites You must call for any current pricing

@iScrapApp 19 күн бұрын

Our sister company Rockaway Recycling posts theirs! rockawayrecycling.com/scrap-metal-prices/

@spoodoc7272 27 күн бұрын

Waiting for copper to top 4.00 lb at mervus

@spoodoc7272 27 күн бұрын

Talk about scrap copper prices the future might offer

@iScrapApp 26 күн бұрын

Every week we try to talk about that - this week we will have a 6-month review and outlook for the rest of 2024

@spoodoc7272 27 күн бұрын

Steel has been holding steady at 105.00 nt at mervus mattoon ill

@mysterybuyer3738 Ай бұрын

All scrap metals are sold way too cheap. These fabricators need to be paying at least 4x for all of it.

@steelisthemeal Ай бұрын

Although you are right and completely correct it’s something that’s not going to happen

@improvingamericashomes6530 Ай бұрын

I agree. The market manipulators need to be broken first.

@spoodoc7272 27 күн бұрын

When will copper realy go up?

@iScrapApp 26 күн бұрын

If we had a crystal ball 🔮 we would own our island. We do our best to deliver that news every week.

@geoffbrown8748 Ай бұрын

SHOULD WE HOLD EVERYTHING

@iScrapApp 29 күн бұрын

Not just yet. Prices aren't that crazy

@geoffbrown8748 29 күн бұрын

@@iScrapApp they are way down in northern Ireland.