Scrap metal prices up, down, or sideways? What's your bet.

Originally Posted by theelectronrecycler

Well, I don't know about the rest of the country. Here in Gaston County NC ( where I sell scrap, not where i live ), shred is $.11lb, Brass went up to $1.63lb, copper is low, but holding and aluminum keeps on dropping. I am going to sit on my aluminum for a good while it seems. IF I can keep the thieves out of it, that is.

Heavy Melt has actually went up at my local yard. HM was $0.055lb now it is $0.075lb. Being that I get way more HM than anything else, that increase put a huge smile on this poor country boy's face.



Be Safe out there!!!

So let me get this straight...

Your yard pays $0.90 a lb. for refrigerators (as you stated in a previous post) and they pay you $0.75 a lb. for heavy melt? By my calculations you are making $1,500 a ton on your HMS and $1,800 a ton on fridges. Sorry buddy but I am gonna have to call shenanigans! Show me some proof or at least give me the company name so I can have ALL of my yards ferrous material shipped there ASAP.

Originally Posted by BohemianLush

So let me get this straight...

Your yard pays $0.90 a lb. for refrigerators (as you stated in a previous post) and they pay you $0.75 a lb. for heavy melt? By my calculations you are making $1,500 a ton on your HMS and $1,800 a ton on fridges. Sorry buddy but I am gonna have to call shenanigans! Show me some proof or at least give me the company name so I can have ALL of my yards ferrous material shipped there ASAP.

Originally Posted by Mick

You forgot a zero in your calculations. He says he's getting $150 and $180 a ton.

It still doesn't make any sense that he would be getting paid $220.00/ton ($.11/pound) for shred and only $150.00/ton ($.075/pound) for HMS.

I don't know why you guys quote prices for ferrous items in pennies per pound. Does the yard you sell to give you prices in pennies per pound when you call looking for a price on something like shred that you want to sell or do they tell you they are paying so many dollars per ton for shred?

If the yard has it listed as pennies per pound on your receipts it is likely because they don't have an actually software program geared towards buying scrap metal and the only way they can get the program they are using to figure out what they owe you when they enter in the weight, is to enter the price per ton as pennies per pound. You see that a lot for yards that use Quickbooks for buying scrap.

If I called my buyer at the steel mill and said I want $0.XX/pound for me steel, he would think I've gone nuts.

Originally Posted by KeyCityRecycling

If the yard has it listed as pennies per pound on your receipts it is likely because they don't have an actually software program geared towards buying scrap metal and the only way they can get the program they are using to figure out what they owe you when they enter in the weight, is to enter the price per ton as pennies per pound. You see that a lot for yards that use Quickbooks for buying scrap.

I made my program for buying scrap.. I have it buying scrap by the pound. When people call I tell them the price per ton, unless they ask then I tell them the price per pound. I mean to get a ton you need 2000 pounds. So technically you can buy per pound. My receipts list per pound as well.