The sell prices for all non-ferrous scrap metal has been dropping for several weeks now. All indexes show losses of 10 – 15% including the COMEX and LME. We will see continued softening of the copper, aluminum and stainless steel markets going into June. There remain many global influences that are affecting all scrap metal but the biggest issue is tariffs on finished steel coming out of Turkey and a virtual shutdown of copper products into China.
