Metal Prices Are on the Rise – Recycle Your Scrap Today

March 25, 2019  

Metal prices throughout the world are on the rise, making scrap metal more valuable. If you’ve been thinking about recycling your scrap with a trusted scrap recycler near you, now’s the perfect time to do so. At Scrap Metal Services, LLC, we base our cash offers on current metal values; you can maximize your payment by recycling with us while prices are booming.

Ferrous and Nonferrous Market News

According to iScrap App, which tracks metal and scrap prices globally, as of February 28, 2019, the steel national average is up by $123.00 per ton, and the copper national average is up by $2.24 per pound. As steel and copper prices increase, it’s predicted that the value of some other metals will follow suit, too.

The trend isn’t limited to February of the current year; instead, data shows that steel (and other metal prices) have been continually increasing over the last year. In fact, the major categories of steel purchased by manufacturers and producers have increased between 18 – 25 percent over the past year.

While the higher metal prices can be damaging for U.S.-based manufacturers who rely on steel imports from other countries to do business, there is an upside: rising metal prices (and tariffs) are pushing companies that need metal for production needs to turn to U.S.-based metal processors. This, in turn, has a direct effect on scrap metal prices in the U.S., driving prices up as demand increases.

Sell Your Materials Today

It’s impossible to predict how tariffs and global steel prices will affect scrap metal prices in the future, but today, scrap metal prices are strong, and as such, it’s recommended that you sell scrap materials now while the market is robust. Note that big things are happening in terms of metal prices, as the United States and China are sketching the details of a deal to end the trade war.

Scrap Metal Services, LLC Is Ready to Buy from You

At Scrap Metal Services, LLC, we are passionate about scrap metal recycling. If you have ferrous or nonferrous materials and items on your property, including farm equipment, machinery, and more, we want to be of service. When you call our trusted scrap recyclers, we will manage all of the logistics associated with processing your scrap, including transportation, weighing, and metal separation. We not only are a trusted name a global leader in the scrap recycling industry, but we also pay top dollar in cash for your scrap.

To learn more, please contact us by phone or online today. We have locations nationally.