Today’s update comes from the West Coast where scrap activity is heating up. Scrap yards are hearing that the price of their #1 and #2 cut grades will be up $10 next month. Domestic mills are continuing to go online placing pressure on scrap yards to deliver on existing orders.
Some of the scrap yards in the Central States have not received the prices they where promised at the beginning of the month, only receiving $210 instead of the $250.
Copper prices have dropped causing customers of ours to stockpile their copper till next month.
We continue to hear that inventories of scrap yards and mills are tight; no one is building up an inventory.
What is transpiring in your area in regards to scrap materials? Let us know.
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