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The first Advanced Remarketing Services scrap metal market update in 2018 is a positive start to the new year. If you are a new reader of these monthly updates it is important to note each update is a review of the previous months performance. So this January update is taking a look at the scrap metal market in December 2017.
After a very slight increase in our last report, the national average price for crushed autobodies raised by over 3% in December. The average price per ton for a crushed auto body is now about $170. Compared to this time a year ago, that figure is over 9% higher. This is a bit lower than the 3 consecutive months of over 20% YOY increase that we just saw but still positive nonetheless.