24 April 2022 9:47

What is the price of scrap metal in Kentucky?

Current Pricing

  • Copper (per lb) Bare Bright – $3.30. Copper #1 – $3.20. Copper #2 – $2.90. CIW #1 72% – $1.70. …
  • Aluminum (per lb) Cans – $0.70. Cans (Over 100lbs) – $0.73. AL Extrusion (Clean 10/10) – $0.75. …
  • Ferrous (per net ton) Sheet Metal – $180. #1 P&S Steel 5′ and under – $240. #2 Steel 3′ and under** – $230.

What is scrap metal going for in Kentucky?

Scrap Metal Prices in Kentucky, United States

Aluminum Scrap
Material Average Price High Price
Aluminum Extrusion Scrap Unclean 0.42 0.42
Aluminum Litho Scrap 0.75 0.75
Aluminum Radiators Scrap 0.38 0.38

Will scrap prices go up in 2021?

Global average scrap prices have increased significantly in 2021 due to tight supply and increasing demand from steel makers. Lower economic activity and strict social distancing measures in 2020, alongside severe weather conditions early in 2021, curbed scrap generation and collection.

What are the latest scrap metal prices?

Current Prices

  • #1 Bare Bright Wire$2.40/lb. #1 Copper Tubing / Flashing$2.10/lb. …
  • Insulated Copper Wire (Cat 5/6)$0.62/lb. Romex® Wire$1.12/lb. …
  • Aluminum NA. …
  • Car Batteries$0.22-$0.26/lb. …
  • Car Batteries$0.22-$0.26/lb. …
  • Small Foreign Cat$82-$97/each. …
  • Steel $0.03-$0.05/lb. …
  • Clean Green Motherboards$1.15/lb.

What is the most profitable scrap metal?

What Are The Most Valuable Things To Scrap?

  • 1) Aluminum. One of the most profitable items to scrap this year is aluminum. …
  • 2) Copper. Copper is one of the most valuable things to scrap that you can easily find around your home. …
  • 3) Brass. …
  • 4) Lead. …
  • 5) Stainless Steel. …
  • 6) Platinum Jewelry. …
  • 7) Used Appliances. …
  • 8) Old Tools.

What does #2 copper look like?

#2 Copper. This grade of copper can be identified by its somewhat dirty appearance. It should be comprised of miscellaneous unalloyed wire, pipe or solid metal that continues to have solder, paint or any kind of coating on it. Additionally, its minimum copper content should be 94-96%.

Are scrap prices going up in 2022?

Scrap seems to be becoming more ample as production levels are more rangebound and the supply chain has adjusted to higher price levels, he said. Scrap prices should effectively follow steel prices lower in 2022, Bokkenheuser said.

Will steel prices come down in 2022?

However, while moving lower, US sheet steel prices are still expected to remain elevated in 2022 compared with the historical average, he said. “Prices are coming down and they are coming down sharply but we still believe the annual average will be 75% higher than that 10-year average,” Anton said.

Will scrap copper prices go up in 2021?

Globally, copper prices reached all-time highs in 2021 and reached a record high in early March of 2022 – with prices briefly exceeding $5.00 per pound. In May 2021, for example, the price for one metric ton of copper reached $10,512—a 130 percent price increase over March 2020.

What is the highest price copper has ever been?

Historically, Copper reached an all time high of 5.02 in March of 2022.

What is today’s copper price?

Copper Price Today

Copper Spot Price Spot Change
Copper Price per Pound $4.73 0%
Copper Price per Ounce $0.30 0%
Copper Price per Ton $9,460.00 0%

Will copper prices go down in 2022?

Copper prices are forecast to fall 5% in 2022, after an estimated increase of 51% in 2021 as supply increases. Mine supplies are expected to increase strongly over the next two years, notably from the new Kamoa-Kakula mine in the Democratic Republic of Congo, as well as in Chile, Indonesia, Peru, Russia and Serbia.”

How long will copper prices stay high?

Meanwhile, Bank of America predicts copper prices to average $9,813 per tonne through 2022. Beyond a 2-3 year window, experts believe demand for copper will stay strong in the long term.

Are copper prices going to drop?

The price is expected to decrease to $7, and then grow to $8,. The IMF projects the growth of the copper price from an average of $6,174 per metric ton in 2020 to $8,, followed by a gradual decline to $7,600 per metric ton by 2026.

What will copper be worth in 2030?

941.5 million U.S. dollars

The global copper powder market was projected to be worth some 941.5 million U.S. dollars in 2030, a slow increase with a compound annual growth rate of around 4.2 percent.

Is copper more expensive than gold?

But copper CMCU3 has over the same period shed 22% to less than $5,000 a tonne, and silver has plunged 32% to around $12 an ounce. Copper on Thursday was just over 10,000 times less valuable than gold – the biggest discount since 2009, when copper prices also tumbled during the financial crisis.

Why is copper stolen?

The demand for copper from developing nations such as China and India is creating a robust international copper trade. Copper thieves are exploiting this demand and the resulting price surge by stealing and selling the metal for high profits to recyclers across the United States.

How much has electrical wire gone up?

Copper wire prices began to rise again significantly towards the end of 2020, increasing more than 14% as we rang in 2021. But that was merely the beginning of the meteoric rise to follow. Over the last quarter, copper wire costs have soared to $280.65 per MLF for 600-volt stranded type THWN-THHN #10.

Why is there a Romex shortage?

Covid-19 shutdowns, growing demand, lack of investment, lack of discovery of new deposits, truck driver shortage, strikes, delays at U.S. ports of entry, and supply chain disruptions have all contributed to the problem.

Why is MC cheaper than Romex?

When it comes to pure MC cable versus Romex cost, Romex is about 25% cheaper than MC cable due to the fewer source materials and lower shipping costs. In terms of installation, Romex can cost more than MC cable if a protective conduit is required.

Why is the price of Romex so high?

These price increases are due to factors such as China’s economic recovery from the pandemic, sustainable green energy stimuluses, and supply disruptions. China’s rising industrial production along with aggressive sustainable energy initiatives accredits the country to being the highest consumer of copper in the world.

What is the difference between white Romex and yellow Romex?

There is a significant weight difference between the 14- and 12-gauge ROMEX®. White ROMEX® with two wires, 14-2, weighs 57 pounds for every 1,000 feet of wire. With three wires, 14-3, the weight increases to 74 pounds. Compare this to the weight of yellow ROMEX® at 82 pounds.

How much is Southwire worth?

Southwire is one of the country’s largest makers of electrical wire, cable and cord, with 2017 revenues of $5.5 billion and 7,500 employees, including about 3,000 in metro Atlanta.

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