Scrap metal market falls in September as political uncertainty surrounding the steel industry rolls on.
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The scrap metal market continues to fall as the summer of 2018 nears its end. It seems as though the price surge following the announcement of steel and aluminum tariffs is wearing off, though scrap steel values remain elevated over the past couple of years. Across the nation the average price per ton of crushed autobodies dropped almost 5% compared to the previous month. However, at $202/ton the scrap metal market remains above $200 for the sixth consecutive month. Not since the second half of 2014 have prices remained above $200 for half a year. In a year over year comparison to 2017, the scrap metal market is greater than 17% higher so clearly still working in a healthier market than we had been.