Doing a lot of reading about the metals market this week. I will be honest, not my area of expertise at all, probably more unsure and confused about the direction of scrap prices. The one thing I do get, have known for most 2015, there is no one cause for these prices. The other thing I do get, we will have a volatile scrap metal market for the next 12 to 14 months, maybe even longer. IMOP we may see some small price increases for brief periods of time, only to be followed by over correcting lower prices.
One of my sources and a place I have been spending a lot of time, trying to understand it all is; Crowe Horwath's "American Metal Market", a good source for all things to do with metals. Here is their link: Trusted metals news and pricing since 1882 | AMM
A chart about secondary aluminum prices and the direction that aluminum is heading. Keep in mind that these are the prices that the smelters and mills are buying scrap aluminum. Not the same prices you or I will get selling scrap aluminum at our favorite non-ferrous yards! What it does show, the yards we sell to are making probably only a couple of cents per pound on their efforts.
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