Scrap metal value and pricing history
Our scrap prices are based on current Comex and L.M.E markets for Global prices.
scrap industry was valued at more than $90 billion in 2012, up from $54 billion in 2009 balance of trade, exporting $28 billion in scrap commodities to 160 countries. Since 2010, the industry has added more than 15,000 jobs, and supports 463,000 workers, both directly and indirectly. In addition, it generates more than $10 billion in revenue for federal, state, and local governments. Scrap recycling also helps reduce greenhouse gas emissions and conserves energy and natural resources.
For example, scrap recycling diverts 135 million short tons (121,000,000 long tons; 122,000,000 t) of materials away from landfills. Recycled scrap is a raw material feedstock for nearly 60% of steel made in the US, for almost 50% of the copper and copper alloys produced in the US, for more than 75% of the US paper industry's needs, and for 50% of US aluminum. Recycled scrap helps keep air and water cleaner by removing potentially hazardous materials and keeping them out of landfills.
Like anything else in the world, if there is a higher demand for metal for projects the prices can go up. Projects like infrastructure improvements, construction, product manufacturing, or other items, that require metal could be ramping up efforts. The metal types that are demanded could be completely different depending on the industry. That is sometimes why the steel scrap prices will go up but the copper prices are the same or even going down.In addition to a financial incentive, there is also an environmental imperative.
The recycling of metals enables us to preserve natural resources while requiring less energy to process than the manufacture of new products using virgin raw materials. Recycling emits less carbon dioxide and other harmful gasses. More importantly, it saves money and allows manufacturing businesses to reduce their production cost. Recycling also creates jobs.
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