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Monday, June 2, 2026 – The scrap metal and used vehicle markets enter June with cautious optimism despite mixed pricing signals across major commodities. Shredded steel held steady near $315/ton while copper #1 bright gained 2.1% to $9,850/ton on infrastructure spending hopes.
| Metal Grade | Price ($/ton) | Weekly Change | Market Sentiment |
|---|---|---|---|
| Steel Shredded Auto | $315-325 | +$5 (+1.6%) | Steady |
| Copper #1 Bright | $9,800-9,900 | +$200 (+2.1%) | Strong |
| Aluminum Clean | $1,850-1,900 | -$25 (-1.3%) | Softening |
Key Developments: Steel markets stabilizing after spring volatility. Copper surge continues on infrastructure spending. Aluminum weakness persists due to oversupply.
Manheim Used Vehicle Value Index: 206.0 (+0.6% YoY) – Wholesale values showing seasonal strength with EV segment at +2.1% YoY despite traditional segments showing weakness.
Short-term forecast: Steel expected modest gains, copper strength likely to continue, aluminum further softness anticipated. Vehicle values should maintain seasonal strength through summer.
Disclaimer: Prices are regional averages for informational purposes. Actual prices may vary by location, volume, and vendor. 603 Auto Salvage makes no guarantees regarding accuracy.
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