Scrap Metal Prices May 2023 US
Types of Scrap Metal
Scrap metal can be categorized into two main types: ferrous and non-ferrous metals. Ferrous metals are metals that contain iron, while non-ferrous metals do not contain iron. Examples of ferrous metals include steel, iron, and cast iron. Non-ferrous metals include copper, aluminum, brass, lead, and zinc. Non-ferrous metals are generally more valuable than ferrous metals.
Top 10 Largest States in the US
The United States is a large country with a diverse economy, and the prices of scrap metal may vary depending on the location. The top 10 largest states in the US by population are California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, Georgia, North Carolina, and Michigan. These states have a significant impact on the US economy and, therefore, have a significant impact on the scrap metal industry.
Scrap Metal Prices in May 2023
The table below displays the average prices of various types of scrap metal in May 2023 in the top 10 largest states in the US.
| State | Ferrous metals | Copper | Brass | Aluminium | Lead | Zinc |
|---|---|---|---|---|---|---|
| California | $90 - $130 | $2.20 - $2.60 | $0.90 - $1.20 | $0.50 - $0.70 | $0.20 - $0.40 | $0.50 - $0.70 |
| Texas | $95 - $135 | $2.30 - $2.70 | $0.95 - $1.25 | $0.55 - $0.75 | $0.25 - $0.45 | $0.55 - $0.75 |
| Florida | $85 - $125 | $2.10 - $2.50 | $0.85 - $1.15 | $0.45 - $0.65 | $0.15 - $0.35 | $0.45 - $0.65 |
| New York | $95 - $135 | $2.30 - $2.70 | $0.95 - $1.25 | $0.55 - $0.75 | $0.25 - $0.45 | $0.55 - $0.75 |
| Pennsylvania | $90 - $130 | $2.20 - $2.60 | $0.90 - $1.20 | $0.50 - $0.70 | $0.20 - $0.40 | $0.50 - $0.70 |
| Illinois | $95 - $135 | $2.30 - $2.70 | $0.95 - $1.25 | $0.55 - $0.75 | $0.25 - $0.45 | $0.55 - $0.75 |
| Ohio | $90 - $130 | $2.20 - $2.60 | $0.90 - $1.20 | $0.50 - $0.70 | $0.20 - $0.40 | $0.50 - $0.70 |
| Georgia | $95 - $135 | $2.30 - $2.70 | $0.95 - $1.25 | $0.55 - $0.75 | $0.25 - $0.45 | $0.55 - $0.75 |
| North Carolina | $90 - $130 | $2.20 - $2.60 | $0.90 - $1.20 | $0.50 - $0.70 | $0.20 - $0.40 | $0.50 - $0.70 |
| Michigan | $95 - $135 | $2.30 - $2.70 | $0.95 - $1.25 | $0.55 - $0.75 | $0.25 - $0.45 | $0.55 - $0.75 |
Ferrous Metals
Ferrous metals are among the most recycled materials in the US, and they include steel and iron. Steel is one of the most commonly used metals in the world, and it is used in construction, transportation, and manufacturing. Iron is used in the construction of bridges, buildings, and other infrastructure. The prices of ferrous metals may vary based on global market conditions and the demand for steel and iron.
Copper
Copper is a non-ferrous metal that is widely used in the electrical and construction industries. Copper is used in electrical wiring, plumbing, and roofing, among other things. The prices of copper may vary depending on the demand for the metal in these industries.
Brass
Brass is a non-ferrous metal that is an alloy of copper and zinc. It is commonly used in the manufacture of decorative items, musical instruments, and plumbing fixtures. The prices of brass may vary depending on the demand for the metal in these industries.
Aluminium
Aluminium is a non-ferrous metal that is used in various industries, including transportation, construction, and packaging. It is lightweight, durable, and resistant to corrosion. The prices of aluminium may vary depending on the demand for the metal in these industries.
Lead
Lead is a non-ferrous metal that is used in batteries, ammunition, and construction. The prices of lead may vary depending on the demand for the metal in these industries.
Zinc
Zinc is a non-ferrous metal that is used in the production of galvanized steel, which is used in construction and automotive industries. Zinc is also used in the manufacture of batteries, paints, and fertilizers. The prices of zinc may vary depending on the demand for the metal in these industries.
Conclusion
The prices of scrap metal may vary depending on the type of metal and the location. In May 2023, the prices of scrap metal in the top 10 largest states in the US have been presented in the table above. The scrap metal industry plays a crucial role in the US economy, and the demand for scrap metal is expected to increase in the coming years as more emphasis is placed on sustainable manufacturing processes.
