If you have been looking at Scrap metal prices per pound recently you know that they got hit pretty hard.
With the commodities prices not very strong right now, you want to be very careful when selling your scrap.
Let’s take tin scrap prices, as an example.
Eight months ago, tin/steel/iron mixed scrap loads were as high as 13 cents a pound. As we are writing this , the lowest around here is 8 cents with the highest at 10.5 cents.
Here are some of the best (for sellers) some scrap (copper) metal prices per pound in NJ in February 2015.
- #1 Copper Bare Bright $0.37
- #1 Copper Wire and Pipe $2.26
- #2 Copper Wire and Pipe $2.09
- Copper Sheet $1.94
- #1 Insulated Copper Wire 82% $1.58
- #1 Insulated Copper Wire 86% $1.88
- #1 Insulated Copper Wire 92% $2.00
- Romex Mixed 65% $1.12
- Transformer $0.15
- Data Wire $0.78
- Fire Wire $1.05
Pretty amazing, right? But just look the 2 Copper futures prices to see how the raw material prices are in a bear market…
If you can afford to hold you inventory at not cost, it may be wise to keep it for few more months for when prices will eventually bounce higher.