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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.)
Both tended to cut into exports, even as domestic demand for scrap remained flat, according to industry publication Scrap Price Bulletin. Further declines are expected in 2015. Harlan Hartstein, owner of Wichita Iron and Metal, 922 Merton, said that copper was $4 a pound in mid-2013. Now itâs $2.19 per pound.