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So went to the yard today to waigh a few things in current price is sitting at £85 a ton for shred within the last two months it's gone up £40.
He says haven't you heard China is set to flood the market with more steel so the price is set to drop again may won't to get rid of your stock piles now
I wonder if the new 500% tarriff on imported steel from China will have keep lower prices at bay?
I took a load in last Saturday, and the owner said the same thing to me. He basically said if you have any steel stockpiled, get it in before June.
That's what they say when they have a large order to fill. Or not enough weight for the premium price lol. Happy thoughts guys. We just hit 145 a ton. 200 would be nice.
More afraid its the tariff on steel imports as mentioned above...
If you have metal . You should ship. Two of the yards I ship to are going down 15 a ton Friday morning. They both have shredders . Own by two difference companies. Could be down 20 a ton in June or more .
Brakes and ball joints aren't free.. I miss over 250 a ton
Tires,Tags,Fuel, Nails in tires --- none of it is FREE or even worth the time anymore ---Quote:
Originally Posted by cummins
Mike Marley
everyone is just "tinkering with the faucet " trying to get the flow adjusted at the lowest price possible. the steel price is still roughly where the steel price should be. coppers a little low and will slide up.
I'm sorry so many people got comfortable with the HUGE bubble we had a couple of years back, but that was just silly! markets are adjusting themselves.
commodities value should increase about the same as inflation, but since inflation is all messed up because of fiat currency, population growth rate is probably a better indicator of what it should be, with spikes and valleys coming from surges in industrialization and modernization (china) the reverse think of Somolia which regressed almost back to the stone age
V/r HT1
Yep, everyone loves bubbles and then expects the bubble average to be the new benchmark. Not just in scrap metal but any commodity that rides the highs and lows of changed drivers in why an item is needed. I think your basic population growth at multiple scales (national, global) is a good reference point, although there are changes that happen that could negate that as well. An example is that the absolute number of miles driven in the US will generally continue to increase with absolute population growth but with greater efficiency in fuel mileage, the overall amount of fuel used may get smoothed out to a lower flat-to-just-slightly upward trend line. One of the largest ethanol producers (either #1 or #2 depending on the year) is HQed about 5 miles from my house. If you read between the lines of what their new emphasis is, they're not seeing US motor fuel as their growth business. They are branching out, trying to sell ethanol to the developing world for cooking stoves instead of the traditional wood, charcoal, dried dung, and other biomass that is being used. I found it pretty interesting when I heard about it and where they think the ethanol trade will be in 20-30 years...
POET partners to fight pollution, deforestation in Haiti - POET
Ethanol as a Cooking Fuel
Back in April, shred was $155 GT. 2 weeks ago was the spike @ $200 GT. Today it’s back down to $160 GT. Looks like they filled there need for tin shred. I should have called first. I assumed it was still high. Time to start stacking again and wait for that next spike.
Just got 75 a ton today for shred, was 80 a ton a few days ago
I called the steel yard (they have a newer second facility only about 3 miles from my place) about 10 days ago and was pleasantly surprised at the price they were giving for "tin & wire", $70 a ton (3.5 cents per pound). Substantially different than early last Nov. when I took a larger yard grill in that I had found the morning before with the wife's van after dropping the kids off at school that I got less than a buck for (half a penny a pound). The steel piles early this week were pretty tall and they had 3 machines working them. Even had a guy help unload the trunk of my car!
I know a lot of you think $70 a ton is still way too low but the best price I've gotten since I started hobby scrapping in the summer of 2013 was $115 a ton for light steel. Because the local steel yard is the only place within at least 75 miles in any direction, its sort of a take it or leave it situation especially with my dinky little amounts. At least most of it is out of the garage...
Two of the yards I ship to have dropped price . One has dropped 30 a ton . The other 35 a ton . I am hearing as much as 40 to 50 down .
Wholesale prices in North America are currently $227/ton for heavy melt and $184/ton for cars.
A quick look at commodity trading shows no real price fluctuations right now ...
In NewZealand (its a long way from anywhere)
Light gauge is NZ$60 a ton. = US$40 a ton
Cars are still $30 a ton. = US $20
Coppers about NZ$5 a Kg = US3.35 a Kg.
Ali is a bit over $1, maybe $1.40 at the most. = US$0.70cents
I have some light gauge to take in, a few $ for petrol ( US$4.20 a gallon!) And to make some space around the house.
I checked out a dumpster tonight, that I have profited from before. Its got some plastic coated wire and stuff inside.
And two dead ducks (its duck hunting season right now)
There a small chiller unit outside them too, so I will ask if I can get rid of the metal for them.
If they say "Yes", they have before, I will get a couple of hours work and some nice metal to sell.
And maybe some shelving units from a old display cabinet.
I have to get a few $ to get me thru till Wednesday. (Its Sunday night right now)
My yards now dropped shred by £10 a ton now £75 hope it's just a one off
Well boys fasten your seatbelt's because this summer the pirce is going to drop more than it just rose!
Look out, steel stable, copper so so, (just sold 90.000 lbs. just in case) Alum. is taking a BIG hit, UBC'S are taking the biggest hit, price drop between 10 to 20cent a pound. Sell now.