Average #1 Insulated Wire Price

Market baseline. Local prices last verified on 3/22/2026.
$2.87/ lb
Use this as a baseline for negotiations. Always call local yards to confirm their rate for your load size.GT = Gross Ton (2240 lbs)
Avg: $2.87
Lowest price $2.55
Highest price$2.55Who pays the most? ⟶

National high for this grade: $3.40 / lb.

How to read scrap yard offers in Benton Harbor, Michigan

Scrap buy price in Benton Harbor, Michigan — $2.55 / lb (single yard offer in our database). Compare with prices across Ukraine below to estimate the real value of this scrap grade.

52-week price range
Over the past year, prices ranged from $2.10 to $3.31.
May '25Aug '25Nov '25Feb '26Today
Market response to COMEX pricing
Current spread vs. exchange (today): ~52.9% (-$3.22 / lb). Typical spread for this grade: 39%–58%
✓ Scrap yards are offering fair market rates
Market snapshot
Upward trend. Prices have been rising over the past 3 months.
Pricing verified from 1 live board rate in this area.

#1 Insulated Wire price reference for Benton Harbor (Michigan)

Scrap yards in Benton Harbor (Michigan) don't always update their prices in real time. To give you a reliable current value, we use the U.S. national average ($2.93 / lb). The secondary metals market tracks exchange moves consistently across the country. Use this national figure as your benchmark when negotiating with local yards. #1 Insulated Wire prices across the U.S. →

Top Scrap Yards Buying #1 Insulated Wire in Benton Harbor, MI

These are scrap yards in Benton Harbor (Michigan) that recently updated #1 Insulated Wire prices in our database. Call them to lock in a quote. If your city isn't listed, use the National Index above as a bargaining reference with your nearest buyer.

💼 Scrap yard owners: Post your buy prices and get more customers
By price
By date
Updated 45 days ago

Benton Metal Recycling

Listed as: #1 ICW 70%
1256 Milton St, Benton Harbor, MI 49022 Plan route
$2.55 / lb

Don't see your scrap yard in Benton Harbor (Michigan)? List it for free.

Hundreds of sellers in your area search for current scrap prices every day. Post your buy prices and start getting calls.

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Compare #1 Insulated Wire vs. Other Cable Grades

See the exact price difference between #1 Insulated Wire and similar grades like MCM & Industrial Cable or THHN Wire. Compare the current rates per pound below to ensure you get the maximum payout for your sorted scrap.

Current price #1 Insulated Wire
#1 Insulated Wire Based on 1 scrap yard
Avg price:$2.87 / lb
Trend for 6 mo.: 0.5%
Sort separately
MCM & Industrial Cable Estimated U.S. prices
Avg price:$3.94 / lb
Mix it with #1 Insulated Wire?They'll pay $2.87 for all of it
Loss if not sorted:-$1.07 / lb
Trend for 30 days: +3.2%
Price analytics
THHN Wire Estimated U.S. prices
Avg price:$3.24 / lb
Trend for 30 days: +4.0%
Price analytics
Coax & Heliax Cable Estimated U.S. prices
Avg price:$2.17 / lb
Trend for 90 days: 0.2%
Price analytics
Romex® Wire Based on 1 scrap yard
Avg price:$2.15 / lb
Trend for 30 days: 0.0%
Price analytics
Wire Harnesses Estimated prices in Michigan
Avg price:$1.20 / lb
Trend for 30 days: 0.0%
Price analytics
Telecom & Data Wire Based on 1 scrap yard
Avg price:$1.10 / lb
Trend for 30 days: 0.0%
Price analytics
Jelly Wire Estimated U.S. prices
Avg price:$1.03 / lb
Trend for 6 mo.: -9.6%
Price analytics
#2 Insulated Wire Based on 1 scrap yard
Avg price:$1.00 / lb
Trend for 30 days: 0.0%
Price analytics
Armored Cable (BX) Estimated U.S. prices
Avg price:$0.66 / lb
Trend for 30 days: +33.6%
Price analytics
#3 Insulated Wire (Low Grade) Estimated prices in Michigan
Avg price:$0.59 / lb
Trend for 30 days: 0.0%
Price analytics
Computer Wire Estimated prices in Michigan
Avg price:$0.40 / lb
Trend for 30 days: 0.0%
Price analytics
Christmas Lights Estimated prices in Michigan
Avg price:$0.13 / lb
Trend for 30 days: 0.0%
Price analytics

Historical Price Trends for #1 Insulated Wire

This chart shows where the market is headed. If the line is climbing, prices are rising — you might get a better deal in a few days. If it's dropping, don't wait: sell today before yards lower their buy prices further.

#1 Insulated Wire: Scrap Yard Price vs. World Market (COMEX)

Avg scrap yard price

$2.87
Scrap metal dealers
Price gap: −$3.22 / lb
vs. exchange

Today's world market price (COMEX)

$6.09 / lb
✓ For 99.9% pure refined metal
💡 Why is the scrap yard price lower than the exchange? The COMEX price is the global benchmark for 99.99% pure refined metal traded in large institutional contracts. The gap between COMEX and what you pocket is the yard's margin — it covers sorting, cleaning, transport to the mill, and protects them against sudden price drops.

#1 Insulated Wire: Spread vs. Exchange — Monthly History

Market read: This month's average gap between scrap yard prices and the world market for #1 Insulated Wire is 57.3%. That is wider than any prior month shown in this table (historical band about 39.9%–48.9%). The gap can reflect local demand, timing against the exchange, or what yards are paying for this grade — shop several yards if you need the best number. Our data suggests local yards are still worth comparing before you sell. Check offers in your area ↑
PeriodWorld price (per lb)Scrap yard price (per lb)Spread vs. exchange
May 2026 (current)$5.9700 / lb$2.55 / lb−$3.42 (57.3%)
April 2026$5.9057 / lb$3.51 / lb−$2.40 (40.6%)
March 2026$5.6775 / lb$3.09 / lb−$2.59 (45.6%)
February 2026$5.8801 / lb$3.37 / lb−$2.51 (42.7%)
January 2026$5.8949 / lb$3.16 / lb−$2.73 (46.4%)
December 2025$5.4977 / lb$2.81 / lb−$2.69 (48.9%)
November 2025$5.0640 / lb$2.98 / lb−$2.08 (41.2%)
October 2025$5.0502 / lb$3.03 / lb−$2.02 (40%)
September 2025$4.6624 / lb$2.80 / lb−$1.86 (39.9%)
August 2025$4.4780 / lb$2.67 / lb−$1.81 (40.4%)
July 2025$5.4826 / lb$3.29 / lb−$2.19 (40%)
June 2025$4.8832 / lb$2.93 / lb−$1.95 (40%)
May 2025$4.6862 / lb$2.81 / lb−$1.88 (40%)
April 2025$4.6543 / lb$2.79 / lb−$1.86 (40.1%)
March 2025$4.9195 / lb$2.95 / lb−$1.97 (40%)
February 2025$4.5581 / lb$2.64 / lb−$1.92 (42.1%)
January 2025$4.2698 / lb$2.54 / lb−$1.73 (40.5%)
December 2024$4.1579 / lb$2.50 / lb−$1.66 (39.9%)
November 2024$4.1994 / lb$2.52 / lb−$1.68 (40%)
October 2024$4.4318 / lb$2.66 / lb−$1.77 (40%)
September 2024$4.2927 / lb$2.58 / lb−$1.71 (39.9%)
August 2024$4.1218 / lb$2.47 / lb−$1.65 (40.1%)
July 2024$4.3752 / lb$2.63 / lb−$1.75 (39.9%)
June 2024$4.4911 / lb$2.70 / lb−$1.79 (39.9%)
May 2024$4.7547 / lb$2.85 / lb−$1.90 (40.1%)
April 2024$4.3637 / lb$2.62 / lb−$1.74 (40%)
March 2024$3.9921 / lb$2.39 / lb−$1.60 (40.1%)

#1 Insulated Wire Scrap Price History — Daily Data

A day-by-day market snapshot in exact numbers. Every day we aggregate buy prices from local scrap yards, recording the average, low, and high. Use this table to track real price movement over recent days.

DateAvg price (per lb)ChangeRange (Low/High)
$2.55 / lb— no change$2.55 – $2.65
3/4/2026 $2.55 / lb+$0.45$2.50 – $2.60
1/17/2026 $2.10 / lb−$0.52$2.10 – $2.10
12/21/2025 $2.62 / lb+$0.42$2.62 – $2.62
12/19/2025 $2.20 / lb+$0.10$2.20 – $2.20
12/7/2025 $2.10 / lb−$0.50$2.10 – $2.10
12/5/2025 $2.60 / lb— no change$2.55 – $2.65
8/26/2025 $2.60 / lb+$0.42$2.60 – $2.60
2/6/2025 $2.18 / lb−$0.07$2.18 – $2.18