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9 cents a pound for steel. 50Â¢ per pound of aluminum. $3 per pound for copper. Scrap metal prices have many factors that are considered in pricing. When you ask for scrap metal pricing you need to know: Comex pricing. LME pricing. Type of scrap metal you have - ferrous (iron, steel, HMS) or non ferrous (copper, aluminum, zinc, brass, etc.)
According to Bloomberg, over the past year on the London Metal Exchange, price of scrap zinc has fell to 1,568 per metric ton (29 percent down from a year ago). Prices of scrap copper and scrap aluminum are 26 percent and 20 percent down and selling now at $4,609.50/metric ton and $1,473/metric ton respectively. âI've seen high markets. I've seen low markets. For some reason, this one feels the worst of them all,â Jeffry Gertler, CEO of Scrap Metal Services, told CRANE3.