Sometimes zones across the country can still perform significantly different, even in a month without a strong overall average change. November was not one of those months though as no zone had more than a 2% change. This shows the current stability in the market that is reinforced by every zone holding its value or slightly increasing.
Aside from scrap steel another metal that has had a positive year is palladium. 2017 wasn’t just a positive year for the rare metal, it spiked nearly 50% up over $1,000 per ounce. This is the highest level for palladium in over 16 years. Much of the demand comes from the auto market as palladium is a catalyst used in catalytic converters. Compared to platinum, one of the other main catalysts used in cars, palladium has outperformed by a wide margin. According to the Wall Street Journal, this out-performance is up to 65% within the last year.