📈 Check Scrap Prices: https://iScrapApp.com/ - Tom reviews the latest trends in 2022 for Aluminum Scrap Prices and where the markets are heading into 2023. Read more below 👇

Recap
Like all metal prices in 2021, when we saw multiple records achieved- what we saw in 2022 was anything but record-breaking. We started to see pricing level off after massive increases in 2021. While aluminum was one of the highlights at the end of 2021, we began to see the market recovering after a slowdown nearing the end of 2022 and turning a favorable position moving into 2023.

Prices
The average price of sheet aluminum throughout the year was around $.45 per pound, with this market peaking in the $.60 range earlier in 2022. Sheet aluminum is generally one of the most popular aluminum grades for scrappers and is one of the bell weathers when you want to learn about aluminum prices.

6063-grade aluminum averaged around $.75 per pound throughout 2022, with some of the prices peeking over $1.00 for multiple weeks. Overall these markets showed the same slowdown that many of the other prices did, which is not surprising when you look at what happened with all commodities throughout the year. While many scrappers do not deal with these grades, we advise you to check out the metal prices in the videos we made on them, as grades like aluminum 6061 and 6063 can be two areas where you improve your productivity and your profitability when it comes to scrapping.

Aluminum cans are another industry standard price where we saw the average throughout the year around $.55. We did see some higher prices touching near $.70 per pound overall. This market saw a bit of a turndown in the year's second half, which should not be a shock by now.

Outlook
Going into 2023, we expect the aluminum markets to remain strong as they continue to strengthen themselves over the last two months of 2022. Where they're going to end up is still yet to be seen. However, there still is a very large demand for aluminum as it's being used in more auto manufacturing and other industries like the aerospace industry, which is coming back online after large decreases in 2020.

Support the show