There is some good news on the Ferrous front. After a few weeks of slowing demand from overseas which lead to a decline in domestic scrap buying prices, Turkey showed signs of increased demand at the beginning of February which should lead to increasing prices over the next few weeks.
Aluminum has also been on a downward trend due to lower domestic demand in the U.S. However, there has been high demand to South Korea on aluminum grades.
Copper has been steadily decreasing on the Comex and reached lows of 2.50/lb in 2020 but has started to regain some strength and came back to $2.59 due to increased demand.
Remember to check back periodically for more news on scrap pricing!