Scrap steel price drops vary by region; northeast hit hardest.
Taking a look back to last year the scrap metal market was in the middle of relative stability price-wise. From that time it dropped 10% through the end of the year.
Prices dropped across the country ranging from just a slight drop (Zone 2) to a more significant drop (Zone 4). Where we saw the biggest change, in the northeast, the 9.5% scrap price increase from an month ago was completed erased. Since hitting a high and becoming one of the more valuable regions for crushed auto bodies, prices dropped almost 11%. However, the price per ton for scrap steel in the northeast still remains just above the national average.