Perspectives

Scrap Metal Market: November 2016

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Scrap metal prices continue to dip.

Scrap metal prices for crushed auto bodies declined 7.9% nationally since last month.  Compared to this time last year scrap prices have increased 13.7%.  The average price per gross ton is now roughly $131.  See Scrap Metal Market: October 2016 to compare trends for crushed auto bodies.

Scrap Metal Prices for Crushed Auto Bodies

In the month of September the price of used vehicles up to eight years in age fell 3.6%.  This decline would mark the largest yet in 2016 for the used car industry.  In the previous three years losses for this period averaged a similar 3.3%. –Used Car Industry October Update, ARSCARS.com

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NOTE: All figures are believed to be reliable and represent approximate pricing based on information obtained prior to publication. Data is sourced from American Recycler, London Metal Exchange, iScrap App, and Scrap Monster.  Advanced Remarketing Services is not responsible for the accuracy or completeness of the information provided, or for the use or application of information herein.
Zack LaskyScrap Metal Market: November 2016

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