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Steel and copper are both very common metals that are recycled by both individuals and businesses. Although both of these metals are widely used and recycled throughout the world, you will find that the prices vary significantly. This makes it very important to understand the various scrap metal markets and what makes certain metals worth more than others.
Steel is known as the most recycled item in the world with a recycling rate of over 50% every year for the past 50 years. More steel is recycled than paper, glass, plastic and aluminum combined. Due to its impressive metallurgical properties, steel can be recycled continuously with no loss in durability or quality. Over the past five years, steel’s value has fluctuated from $.06 to $.63 per pound with the going rate in mid 2015 of $.07 per pound.
Copper is the world’s third most used material just after iron and aluminum. It also happens to be the most valuable scrap metal out there due to being completely recyclable with no loss in quality. Over the past five years, copper’s value has fluctuated from $2.35 to $4.58 per pound with the going rate in mid 2015 of $2.36 per pound.
While the price may fluctuate for both steel and copper, the demand and ease of recycling will eventually and continuously cause the value to increase. Give us a call at our nearest location to find the current going rate for steel and copper.