Iron Prices Exposed
Normally, the iron price perpound will vary slightly by the purchaser and the quality of the iron scrap. But,a basic understanding of what to anticipate in price and practice helpsprofessionals like you get the best money for your recycle.
More than just a mere number,this article gives you insight into the range in price of iron scrap. Usingthis, you can determine whether you should sell or store your scrap until a betterprice arrives.
Knowing what the range in price of iron scrap is will give you this practicalknowledge. However, this post also tells you the when of iron prices—whenyou should hit the market with your iron scrap. And, for the who, we make a simple localrecommendation for the best possible price.
What isthe range of iron scrap prices?
Today, iron prices sit in arange trending around $.04 per pound or $92 per ton. In 2012 and 2013, forexample, the price of iron consistently leveled around a higher price whendemand rose for iron ore. Overall though, iron is on a general upward trend since2016—perhaps because it is used heavily in vehicles and appliances.
Due rises and falls in ironscrap sold and bought, prices go up and down as well. Still, iron stays inexpensive.It is a difficult investment of timeand energy.
- Pro Tip: Focus-economics.com keeps a record of iron prices from 2012 up to the present day. It is a insightful resource to see overall price trends.
When does iron scrap sell highest?
Like other metals, the optimal time to sell iron scrap is during the summer months. At this time, there is more activity in the industries that require iron like construction projects and releases of new vehicles. But, since iron is used in appliances, it remains relatively stable. Nevertheless, slight increases in demand by season may mean a higher price for your iron scrap.
- Pro Tip: Winter months are more of a challenge for the novice. Reduced activity means less iron to collect, less demand, and lower prices.
While the preferred time tosell your scrap will depend on your location, it will also depend on yourchoice of recycler. While the start and end of the calendar month brings bettertimes for scrap, the patterns of your local scrap yard will determine selling.
Who buys ironscrap locally?
If you are looking to sell youriron or merely want to take a load off, most local scrap yards offer varyinglevels services and prices.
ProTip: Call ahead to your local scrap yards to get a feel for their service,prices, and to consult on your unique situation.
For example, at Scrap Gators,we offer full-service residential and commercial scrap services from Port St.Lucie.
Give us a call at (772)203-7391 for a consultation. We can quote you a price and offer you freeservices over the phone. With questions, detailed information, and requests,you can also send mail to wally@scrapgators.com.
You can learn more about whereto find iron and learn how it is used through our related help articles:
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