Weekly Market Report

2026-05-08
Summary
  • copper scrap prices led gains across North America, with several key grades rising up to 20 cents per pound amid improved market sentiment.
  • aluminum and stainless steel scrap markets weakened modestly, while brass/bronze prices rebounded with steady weekly gains.
  • Steel scrap and zinc markets remained largely stable, reflecting balanced supply-demand fundamentals and steady global steel production trends.

KEY TAKEAWAYS

  • copper prices led the market higher, with key grades posting gains of up to 20 cents.
  • aluminum scrap prices showed mixed trends, though the majority of grades declined on a weekly basis.
  • The brass market registered modest weekly gains.
  • Stainless steel scrap prices moved slightly lower on the Index.
  • Steel scrap prices remained unchanged, indicating balanced market fundamentals.

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