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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.)
Aluminum Can Price Formula. Now, there is a mathematical way to roughly determine around how much you are able to receive for your cans. With an average can weighing about 14-15 grams or .03 pounds, an average aluminum can is worth about 2.5 cents at 85 cents a pound. Here is how that math works in case you want to use the price in the chart above: Formula for price of aluminum cans: (# of cans) x .03 x (price in chart above, 85 cents would be .85)