As we entered March, U.S. mills were preparing to lower their ferrous scrap purchasing programs. However, several factors—including rising ocean freight rates, higher oil prices, increased cargo insurance costs, and overall market uncertainty tied to the U.S.–Israel military campaign in Iran—kept domestic scrap prices stable across all grades and regions.
The U.S. ferrous scrap market remains largely supply-driven. Beginning in early March, scrap flows increased significantly due to the seasonal “spring thaw,” bringing more material into the market.
At the same time:
Pricing results for April:
Ongoing conflict in Iran continues to fuel volatility in aluminum, copper, and nickel markets. Rising oil and natural gas prices—along with supply disruptions caused by constraints in the Strait of Hormuz—are adding pressure to the global economy.
Aluminum prices remain highly volatile, with large daily swings. Over the past 30 days:
Key trends:
Copper markets have stabilized slightly compared to last month but still experience daily price movement.
Current conditions:
Brass markets:
Nickel prices continue to fluctuate, with daily swings of $300–$400/MT over the past month. Overall, prices ended down $260/MT for the period.
Have questions about pricing or need to schedule a pickup? Our team is here to help.
Visit aarecycles.com or call us today at (773) 701-6696 to get started.
PROUD MEMBER OF:
