Why are scrap metal prices so low right now and when can we expect to see them go back up to normal prices?

(Such as copper, aluminum cans, etc).

7 Comments

  1. Ahwell
    Posted July 5, 2011 at 5:19 am | Permalink

    Maybe lower prices will stop all the thieving rubbish from nicking every bit of copper or lead that they see.

  2. winterrules
    Posted July 5, 2011 at 5:22 am | Permalink

    Metal prices have been abnormally high for the last few years. They have dropped down to normal levels. The two biggest users of copper are auto manufacturing and building construction. The slowdown in construction has dropped the demand for copper wire and pipes. New car sales are down so manufacturers have lowered production. Sales have dropped in most manufactured goods which has lowered demand for metals. When the economy improves and people start buying stuff the demand for raw materials by manufacturers will increase. That’s when prices for scrap will increase.

  3. sethreber
    Posted July 5, 2011 at 5:24 am | Permalink

    I agree with winterrule, but would like to add: Metal recycling mills bought a buttload of steel at $500 a ton, copper at $3.50 a pound, etc. They have huge stockpiles of raw material that they bought high, and now have to sell low…ouch! This is why Timken Co. stock dropped 30% in one day. When the mountains of raw materials that they have on hand are used up, you may see price increases. My guess would be late 2010.

  4. Nomi
    Posted July 5, 2011 at 6:13 am | Permalink

    maybe lower prices are better

  5. elj
    Posted July 5, 2011 at 6:52 am | Permalink

    not everyone goes round thieving,some of us do it for an honest living,as for prices being normal,£20 a ton for general scrap is ridiculous.

  6. scrap.recycling
    Posted July 5, 2011 at 7:31 am | Permalink

    Prices for scrap will go up when inventory goes down and demand rises. To stay on top of current and historical scrap metal prices try http://www.scrapmetalpricesandauctions.com

  7. Charles H
    Posted July 5, 2011 at 8:11 am | Permalink

    it’s only because of the financial crisis all over the world, i think it started to get better now, so prepair your self for the highest metal prices ever in about a month or 2.

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