In early March, President Donald Trump announced tariff on imported steel into the United States. Since the announcement, prices per pound on scrap cars has inched back up to around 8 cents per pound. This is a tremendous jump considering a little over a year ago prices were around 4.5 Cents.
With the projected US Steel market picking up production and less imported imports from countries like China, there is optimism that metal will continue to rise.
Although we do not know how fast or how much, anything is better than prior dismal market reports.
RCO Cash for Cars can assist you in selling your unwanted junk or scrap car. If you need a price on having your vehicle scrapped, give us a call toll free at (888) 589-1747 or fill out our online form. We have affiliates in all 50 states that can help get you money for your unwanted junk or scrap car where someday pickup may be available!