Scrap Metal Market Off to A Strong Start in 2018
So far in 2018 the scrap metal market is off to a strong start in comparison to average scrap prices of the last few years. Sharp increases continue as we compare to last months report. The national average price of crushed autobodies has increased over 15% from December. It has been a full year since the market has increased this much in a one month period. In January 2017, the market was up over 14% compared to the previous month. After that jump, prices showed strong growth for a couple months before dipping and flattening out to close the year. Compared to the same month last year, the 2018 market is over 19% higher than 2017.
As mentioned the average price per ton of crushed autobodies increased about 15%, equating to almost a $27 price increase. This brings the national average price for scrap metal to nearly $197. The market hasn’t increased in value this much since June of 2016 (+$32) when the month closed at over $175. This is also the highest peak in the market since January of 2015 when the price per ton was $202.
Advanced Remarketing Services – National Crushed Autobody Price Per Ton Index – February 2018