My yard seems to feel prices on the way down some time in may - whats the scoop.
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My yard seems to feel prices on the way down some time in may - whats the scoop.
Your yard can see 100 years into the future? :P
I tease! My yard(s) have no plans to go lower.
Sirscrapalot - ALF...go watch it if you didn't during the 80's!
I got an update yesterday, I was told I would lose another penny a lb on Wednesday, he said prices may go up in june or even july.
Well May 1st lower prices paid at my yard
Pinching every penny - they do.
Real or not the yard makes it so.
A Monopoly
shred is still $195 here but not sure how much longer its gonna last, all of the other prices have already gone down
Summer price drop? Did not happen last 2 years by me, so about time. Normally after Memoral Day thru Labor Day...
Still $260 in chicago
We dropped a penny last Friday here in southcentral pa. Brass and aluminium stayed the same.
Do you go to the yard on North Ave. for that price? I'm at $195 in Elgin. $200 in Woodstock. $225 in Aurora. $80 in Crystal Lake! No that CL # is not a joke! Called 3 times and was given the 4 cents a pound#!!!Quote:
Originally Posted by kazko67
No guarantees but lower prices often equal more metal due to less interested metal hunters .
Sheet iron by me holding at 170 a ton
Well I can verify this has already started. Down $20 a Ton today here in Central Indiana. We were sitting at $240/Ton.. Pd $220/Ton Today. Bummer!
word has it the cause is china. they a opened a few new copper silver and gold mines so it means they wont be buying as much scrap .therefore its going to drop prices
Where do all these rumors start? Every summer it does this. You people want steady get a job. Prices going up and down offer the chance to make good money.
Gangel I have a very very steady job. Its called I contract for a large scrap yard. I am probably one of the largest scrap processors of scrap locomotives in the USA. We move insane amounts of weight on a daily basis. Since you answered in another post that a 40 dollar drop doesn't mean much to you then you can start by making out your checks to my business name you can private message me for my address. The rumors of the prices falling started this month with a 20 dollar a ton drop and then the prices kept dropping for export material through the month. Scrap is plentiful and the mills know there inventory and there books for finished products. The economy is expected to be lacklaster for the next two to three months with anemic growth of the GDP. They can drop there buying prices when they know they aren't melting much and they have enough scrap to last a while. Supply and demand.
This happens all the time this time of year. Is this truly a new concept? Nobody aroound here takes steel in for another 2 months. Now is time to buy and tear down while the sun shines.
With Luck fuel goes down so operating expenses go down a bit . Actually for a big operation lower fuel could off set the lower prices paid . All the rumors set aside seems that at the pump prices seem to set the price with a delay but none the less fuel seems to be king.
Around here the price of gas just went up today .30. It's 3.85 right now.
So, Walmart should shut down when prices go up? If your business model/plan doesn't include prices going up and down, something is wrong. And, I might add, the line about the steady was aimed at a steady paycheck. You knew going into your own business that you were going to make it or go broke. That's the whole point of starting your own business.
In theory lower prices should allow for less competition, for the small scrapper or curb hunter type . The price paid or price at pump coupled to finding effect who I have to compete with.Quote:
Originally Posted by Gangel
BUT for PistoneScrapProcessing
a drop in price must be intense , a measurable loss not easily fixed by just finding more .
Gangel, My prices are locked in for what I do. The only thing I can't control is the price os propane but the more I buy the cheaper it gets. Buying 2000 gallons at a time helps me lower my price by buying in bulk. I wouldn't use walmart as an example for anything business either. There business plan isn't the same one that sam walton had in mind when he started that company years ago. I know my costs per month to operate month to month. Prices can go up or down copperhead and it doesn't affect me that much. I don't own the yard. I just process there torch material for them. When the price goes down it does affect the flow of scrap into the yard. This also has an affect on the mill though because lower prices mean less product to buy and that makes for a tight market. The mill will have to raise there prices in order to improve scrap being sold to them. I would look for a June or July bounce back though. You also have to keep in mind its feast and famine in the scrap industry. Up or down the yards are still going to ship scrap you can't sit on it hoping that it goes up next month when you are dealing in 1,000's of tons a month. You need to have cash flow at the end of the day to keep operating. Here is an interesting little new story I found the other day enjoy it. Its about sims yard in jersey and its there crown jewel of a yard. There shredder can eat through 4,000 tons of material a day and they have some 200+ employees working there on a daily basis.
Behold the Mega Shredder: Jersey City recycling plant turns cars to confetti in seconds | NJ.com
Excellent article, thanks for sharing it!
Oh I would love to scrap a whole train!!!! Just for the experience of doing it!!Quote:
Originally Posted by PistoneScrapProcessing
Sorry off topic a little...
Jeeze! It hasn't gone below $3.82 here for at least like 2 months or so... I'm jealousQuote:
Originally Posted by Mechanic688
Well, the train kept a-rollin', all night long
Or I keep a-walking to most the places I go!
lol
wile price's might go down ?
What I feel I am seeing at my yard is the new pay out policy in action ,the yard pays out live on ALL items - EXAMPLE if I see copper is 3.25 spot my yard is paying 2.25
Today it's at 3.10 so yards at 2.10 . In the past my yard paid a price on the contract prices set for the month .
Now I see the warnings of lower pricing are the spill over of the yards upper executive speculation of how they plan to pay the customers . Also could have been a ploy to get some scrappers to quickly bring in more before the so called price drop .
By the way no major drop in pay out price
I know I'm an idiot, but huh?
Someone please help me.
I work in the building industry. New housing starts are up this year. Means more metal to be consumed specially for copper. Don't forgot other things can drive prices up, strikes at mines, natural disasters, politics (war)
here in South Africa, the rate for steel went up by 30c per kg & shred-which we call sub grade went up by 50c per kg
i suppose thats the reason why the yards been very busy this few weeks- everyone who had their scrap stockpiled, rushed to take advantage of the increase.
I see E-scrap took a hit since 14 days ago. Must be what Robsrecyling writes about.
prices are going up, inflation has finally kicked in and oil/gas is on a sharp increase also, those 2 factors should push all metals values up
prices have not declined here, shred never fell below $200 ton here
here we get $280 per ton for shred & $314 for steel
Here is the nail in the coffin, don't pay for scrap and no matter what the prices are, you come out always with 100% profit.
Wisconsin shred at $230 ton, heavy farm scrap at $250 ton.
Shred was at $120 a ton in Austin on Saturday. But aluminum and copper was up by a little bit. I always get .06 or .07 for shred for some reason.
Here's the nail in -that- coffin. Don't pay for scrap around here, and you'll be lucky to end the day with half a pickup load of shred/tin, with maybe a couple lucky non-ferrous finds. You'll also have some great days with awesome loads, but those are balanced out by the days where you only end up with an old lawn mower, a dryer, and someone's old 3-spd bike. Nothing left after gas, truck maintenance/replacement, or buying lunch. And we're sure as hell not talking a CoryCouch lunch either. But hey, "it's all profit!", so you're golden.Quote:
Originally Posted by TheRecycler
Now you take someone who pays for scrap. Many of your days are pre-planned, because you have customers calling you to schedule pickups, where 3-4 stops at most maxes out your truck with nice heavy steel. The same customers who tell scrappers looking for free scrap to take a flying leap.
So nope, it's not "all profit" for me. But I'm ok with that.
On the fast side - gas and time I put in $10 and expect it to allow me to find material wile I go to yard and back, seem to always find gas $$ at least but one never knows.
And I suppose you would suggest that bakery's do not pay for flour either...If you are going to make a decent living recycling metal, you will open a lot more doors by paying for product.Quote:
Originally Posted by TheRecycler
Buying product adds stability and helps reduce the luck only method of getting product.Quote:
Originally Posted by KzScrapper