Iron Prices Exposed
Normally, the iron price per pound 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 helps professionals 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. Using this, you can determine whether you should sell or store your scrap until a better price arrives.
Knowing what the range in price of iron scrap is will give you this practical knowledge. However, this post also tells you the when of iron prices—when you should hit the market with your iron scrap. And, for the who, we make a simple local recommendation for the best possible price.
What is the range of iron scrap prices?
Today, iron prices sit in a range trending around $.04 per pound or $92 per ton. In 2012 and 2013, for example, the price of iron consistently leveled around a higher price when demand rose for iron ore. Overall though, iron is on a general upward trend since 2016—perhaps because it is used heavily in vehicles and appliances.
Due rises and falls in iron scrap sold and bought, prices go up and down as well. Still, iron stays inexpensive. It is a difficult investment of time and 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 to sell your scrap will depend on your location, it will also depend on your choice of recycler. While the start and end of the calendar month brings better times for scrap, the patterns of your local scrap yard will determine selling.
Who buys iron scrap locally?
If you are looking to sell your iron or merely want to take a load off, most local scrap yards offer varying levels services and prices.
Pro Tip: 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 free services over the phone. With questions, detailed information, and requests, you can also send mail to wally@scrapgators.com.
You can learn more about where to find iron and learn how it is used through our related help articles:
