How to get current scrap metal prices?
The London Metal Exchange (LME) gives an indication of metal prices in dollars for the day as well as historical data. We would always recommend calling your local scrap yard for the daily prices.
When will scrap metal prices go up?
Scrap metal prices in the UK are affected by many external markets. Exports of cheaper Chinese steel have historically been blamed for pushing down the UK scrap prices. The Turkish TSI index is a key benchmark of global trade and although in recent years there have been increases it’s not where it was back in 2007-2008.