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Scrap Metal Prices: what you should know

scrap metal prices, edmonton, maple ridge, vancouver

Scrap metal prices are at the lowest levels in nearly a decade and are expected to fall even further. This has many worried about the future of the scrap metal industry.

So, when will scrap metal prices rebound?

The answer is unclear. But, scrap metal prices do have some unique characteristics that can help give an indication of what to expect.

The normal cycle of scrap metal prices

The overall nature of scrap metal prices can be characterized as volatile but robust. It is common for prices to double or halve in response to market conditions. Historically, prices are particularly responsive to recessions and wartime. As volatile as prices may seem, there is a clear 5-year cycle where prices fall and then rebound. It is expected that prices will reach a minimum, then rise. It is uncertain if the expected drop in prices will be the minimum.

Seasonality

Scrap metal prices tend to increase in the winter. This is known as the “great lakes’ freeze effect”. Harsh winter weather conditions inhibit the collection of scrap metal and demolition projects .This leads to a decrease in supply, and resulting in higher prices. So, this winter might be an ideal time to dispose of scrap steel assets.

Energy prices

Scrap metal prices seem to be related to oil prices. As oil prices have decreased, so has scrap metal prices. However, research suggests that there is no relationship between scrap metal and energy prices in the long run. Therefore, Oil prices may not be the best indicator of what direction scrap prices are likely heading.

Reference: Jonathan Aylen and Kevin Albertson, “Markets in Ferrous Scrap for Steelmaking,” Ironmaking and Steelmaking (2006): 203-212.

For more information on current scrap metal prices in the Edmonton and Vancouver areas, please contact us.

For up to date scrap metal news, check out www.scrapmetalpricesandauctions.com.

 

scrap metal, edmonton, maple ridge

What type of scrap metal do you have?

One of the most common questions we receive at CAC Recycling’s front desk is “how much can I get for my scrap metal?”. The first step in getting an accurate estimate is to determine first what it is you have. In the metal recycling industry there are three main determinants of value: type, size, and condition of scrap metal.

Ferrous

Ferrous scrap metal are materials that contain ironscrap metal, edmonton, maple ridge, vancouver or iron alloys. This includes steel and pig iron. Some examples of ferrous scrap metal include: steel pipe, chain-link fencing, car bodies, steel machinery, tanks, and I-beams.

Ferrous scrap metal is classified in two ways: by thickness and length. “#1″ refers to scrap greater than 1/4 inch think while “#2″ is less than 1/4 inch thick. Scrap metal that is greater than 4 feet in length is referred to as “oversized” while material less than 4 feet is called “prepared”.

For example:

A steel pipe that is 1 inch think and 4 feet long = #1 Prepared

If a load of steel contains #1 and #2 it is called ”mixed”. If a load of steel contains both prepared and oversized, material is typically separated.

Non Ferrous

Non ferrous scrap does not contain iron. scrap copper wire, edmonton, maple ridgeThis includes copper, aluminum, nickel, tin, titanium, gold, and silver among others. Some examples of non ferrous scrap metal includes: copper wire, tin siding, and aluminum sheets.

Non ferrous scrap metal is typically classified as either “clean” or “dirty”. Dirty scrap metal has non-metallic objects attached to it while clean scrap metal does not.

Copper is classified as either “#1″ or “#2″. #2 copper has erosion or painted parts while #1 copper does not.

So, next time you have scrap metal to sell, try using these terms for quicker and more accurate scrap metal rebate quotes.

For a quote on your scrap metal, please contact a yard near you.

scrap metal yard, edmonton, maple ridgeIf you would like to learn more about the scrap industry, check out the Institute of Scrap Recycling Industries’ website.

 

CAC Site Cleanup

Did you know?

CAC Recycling offers comprehensive site cleanup services for some of Western Canada’s largest companies.

Site cleanup from CAC includes:

  • Returning property to a clean and debris-free state
  • Hauling
  • Site preparation
  • A competitive scrap metal rebate for any valuable metal found on premise
  • Demolition
  • Grading
  • Full site-specific safety programme
  • Efficient and professional service

             Before                            During                              After

site cleanup, scrap metal, edmonton, maple ridge, vancouversite cleanup, demolition, scrap metal, edmonton, maple ridge, vancouversite clean up, scrap metal, edmonton, maple ridge, vancouver

CAC Recycling has locations in Edmonton, Alberta and Maple Ridge, British Columbia. For more information, please visit CAC’s site cleaning page.

CAC Heavy Equipment Rental

Komatsu, heavy equipment rental, scrap metal, edmontonCAC is proud to announce the start of our heavy equipment rental service – offered through our offsite services division.

We offer:

Quality brands
Competitive rates
Flexible schedules
Experienced operators
Well maintained equipment
Safety

All heavy equipment rentals come with a CAC operator

Heavy equipment rental is available from both of CAC’s scrap metal recycling yards in Maple Ridge, British Columbia and Edmonton, Alberta.

Our service areas include both the Greater Edmonton and Vancouver areas.

For more information please visit the Heavy Equipment Rentals page.