- copper led weekly gains, with #3 Light copper surging 4.92% and COMEX copper futures climbing 6.55%, supported by strong industrial and energy-transition demand.
- aluminum, brass, and zinc posted broad-based increases, reflecting firm downstream demand and tighter scrap collection flows across North America.
- Steel and stainless steel prices held flat, signaling balanced market fundamentals as mills maintained cautious buying and global ferrous benchmarks remained steady.
KEY TAKEAWAYS
- Copper scrap prices led the market rally, with major grades climbing by as much as 29 cents.
- aluminum scrap prices posted widespread gains, reflecting solid near-term demand momentum.
- The brass scrap market recorded modest week-on-week increases.
- Stainless steel scrap prices held steady during the period.
- Steel scrap prices were unchanged, pointing to stable and balanced market fundamentals.
Copper scrap markets maintained a firm week-on-week trend, with most grades posting price gains on the Index. Cu/Al Radiators, Cu/Al Radiator Ends, and Cu/Al Radiators/Fe were the only categories to remain unchanged during the period. The sharpest rise in price was seen in #3 Copper- Light Copper, whose prices surged by $0.29 per Lb (↑4.92%) week-on-week.
Aluminum scrap prices registered a modest week-on-week , with most listed grades moving higher. All scrap varieties, except Al/Cu Radiators and Al/Cu Radiators/Fe, recorded price increases on the Index.
Brass and bronze scrap prices recorded modest increases on the Index, extending the upward trend witnessed during the prior week. In the meantime, lead scrap markets remained stable, with no price variations reported across key regional markets.
zinc scrap values inched upward during the week. Additionally, global steel scrap benchmark prices remained stable, reflecting balanced supply and demand conditions in the market.
Similarly, stainless steel scrap prices registered no movement on the Index during the week under review.
