what do you guys think prices will recover to?

I am only dealing with scrap.for about 2 1/2 years.

Prices on shred have gone from 10.5 to 2.5 cents at sims and from 8 to 2 cents at the other.
The second yard only pays 0.5 cents for fridges.

Insulated copper wire ia down from $1 to 50 cents.

Just wondering what do.you guys realistially expect prices to go.up to?

Not really asking about a time frame. But.is there a chance for.it.to go back to.previous highs or is it more realistic somewhere in between?

Luckily i don't depend on scrap money but.it would be nice to.go back to $100 loads.

Right now i am.giving my shred away as its not worth my time,

I.only keep non ferrous for some lil cash. But thinking i should stockpile at least the copper and wire.

I dont need the cash so.its.like. little piggy bank

Scrap out here was around $175/Ton at the highs. Right now, it's at $0/Ton. I think within the next five years we'll see $80/Ton out here, but I don't think that prices will rise for 3-4 years.

But, I don't have my crystal ball. I scrapped it when the prices were better. It told me to ;)

Afraid it will be like this for at least 14 months... Then maybe prices will increase, and we will never see $.115 a pound for sheet iron again in our lifetime!

Yep, I expect at least a year before Ferrous starts to rise again. NonFerrous will gyrate around a bit and I expect Aluminium will stay the same forever..

Rising energy prices would raise Aluminiums price as its a signifiant cost in Aluminium production. (Alumia is worth about US$350 a ton.)
Aluminium gets 'turned over' quickly and since theres so many new, more efficient Aluminium smelters out there, as well as closed down smelters or ones running at lower capacity, that any rise in price or demand will simply be taken care of by upping production so the price will stay the same.


I am getting the impression that India will be the next 'China' when it comes to buying recycled scrap.
I also think they will want to create jobs there first. So expect good prices for unprepared metals, ie, Fridge compressors, Automobile/truck cores etc, anything that can be repaired or recycled. Quick turnover and weight would be King.

Copper would be in demand as a lot of its going to be made into electrical wire. Any metal thats going into infrastructure and building, Like Zinc.

But I think the demand for Ferrous metal will happen and rise quite quickly once the glut of Iron gets used up.
Possible good money for anyone who can store hundreds or thousands of tons of Ferrous metal somewhere. While getting thru the low price period by buying and selling NonFerrous.
Machinery at the moment will not be replaced with new machinery, but will be fixed or repaired as cheaply as possible to 'just do the job'.
Im already hearing about this with vehicles and such.
But once demand starts up again, investment will happen and that means ca$h to spend and as machinery will be old and not as productive. Brand new machinery will be in demnd, so therefore there will be a big need for raw Ferrous to make the machines that make the machines that make the buildings.

This is just what I'm thinking though
. Just over a year ago I was thinking 'Use Ferrous to pay the bills and overheads, store up the Copper, Brass etc and sell the Aluminium because its price is stable and it takes up space. Then find a great price for Copper etc and sell it in one go.

Selling my Copper in small amounts would have cost me more $ simply because for every sale I work out that I loose 1/2 a Kg.
So sell 300Kg, loose $3. One deal.
Sell 30 x 10Kg, loose 15Kg, = $90. 30 Deals.......
I think I was right, maybe selling a few weeks late, just before this time last year. But a month later would have been far too late to get good prices.

Storing up Ferrous, in theory, and in theory only as we are not big enough to manipulate ferrous prices.... haha!
Will make a sudden demand for Ferrous once the Iron glut is used up, that will cause great prices suddenly for a short amount of time and then it will drop to a reasonable price dictated by Iron ore production and energy prices.

I do not think energy prices will rise much unless something really goes haywire in the middle east or some unknown happens. Nuclear power plants are starting up again and theres a lot more new ones being constructed as well.

Just my impression.......

Matador sold his crystal ball, and being as all the wise men are currently sitting on mountains an airfare ain't cheap during the holidays, I consulted an oracle known as.."the magic 8 ball".

I asked..."will scrap prices go up" it said...."Yes."

I then asked..."Will scrap prices go up soon..?" an it replied..'Ask again later."

I'll consult later with it. Should any of you have pressing concerns before then tho, your welcome to use it.

Welcome to Ask 8-Ball, The Ultimate Online Oracle Yes it's online, you didn't think I actually owned a physical one did you? I bought a slinky instead.

Sirscrapalot - Off to see what fortunes lie in cookies.

Quote:

---

Originally Posted by Sirscrapalot

Matador sold his crystal ball, and being as all the wise men are currently sitting on mountains an airfare ain't cheap during the holidays, I consulted an oracle known as.."the magic 8 ball".

I asked..."will scrap prices go up" it said...."Yes."

I then asked..."Will scrap prices go up soon..?" an it replied..'Ask again later."



I'll consult later with it. Should any of you have pressing concerns before then tho, your welcome to use it.

Welcome to Ask 8-Ball, The Ultimate Online Oracle Yes it's online, you didn't think I actually owned a physical one did you? I bought a slinky instead.

Sirscrapalot - Off to see what fortunes lie in cookies.

---

utt ohh. I asked the 'Magic 8 Ball' "When will copper prices go up?" The black plastic ball replied "better not tell you now"...

That's a gloomy forecast in my eyes. Do I use quotations when quoting a black plastic ball?

You don't HAVE to. It would be kind of proper though, since you know...your quoting. At lest in my mind..but unicorns exist there to, an leprechauns...leprechaun riding unicorns..? Maybe I do need some sleep. :&

But what do I know about quotes.

Sirscrapalot - I may or may not know a good quote or twenty.

I think (for what it's worth/$0.02), prices are going to do little if any up movement for 12 to 14 months. China is the mystery, only because of their need to consume and produce. With 1,401,586,609 people and this large mass only starting (last 25 years) to join the modern world. In 2009 China passed the USA as worlds largest car market, selling 18 million cars, not even scratching the surface of their overall consumer needs. Balancing their many needs is going to be the "norm" in China for sometime, with lots of hiccups in their economy, when they get the hiccups, other countries that depend on their enormous market for business/trade revenue will cough and choke. I'm only starting to grasp the colossal size of China, presents opportunities, problems and even more unknowns. One thing is certain they can't supply all their people even a toaster for every family, without causing a material shortage of some kind. Kinda of like the old Alka Seltzer commercial, "I can't believe I ate the whole thing". China is going to be doing a lot of consuming of all types of materials, eventually this market is going to get going, setting new highs!

Prices won't go up other than a few bucks here and there until after all of the president stuff is over next year.Then we have that winter but i am saying that spring that they will rise up some.I don't think it will be back to 260 a ton or nothing for a long long time.

I'll be buying anything dirt cheap I can drag home until prices come back. I figure when shred hits 150 ton again I'll cash out.

! WARNING !


do not read the rest of this post if the honest truth upsets you and only leaves you with dreams and schemes


CLOSE your eyes NOW and push ENTER many times




more






the values of scrap in paper $$$ will level out where they were 20 - 25 years ago. but the cost of Living will keep devaluing the gains as is normal. The WIDE scale WAR effort would toss a joker into the mix that would have the scrap metals markets following the trends from when Johnson was in office.

No more waiting to be paid for the manufacturing of the WAR machine as the CA$H came first and the "consumer goods" after.

Much like eBay, you BID, you WIN, then payment, then the goods are delivered.


SAFETY ZONE




all is clear






you can come out from under your desks.....

scrap prices, like other forms of trying to feed your family, will not improve until the world situation shakes out, that will not happen until we get the oligarchs ,the Banksters,the hedge fund cowboys, and other gangsters and crooks out of control of the worlds governments.

Quote:

---

Originally Posted by EcoSafe

scrap prices, like other forms of trying to feed your family, will not improve until the world situation shakes out, that will not happen until we get the oligarchs ,the Banksters,the hedge fund cowboys, and other gangsters and crooks out of control of the worlds governments.

---

Wow...that's all I can say

All I have to say is...TATER!

Sirscrapalot - Keeping it short an sweet...for now.

From the Drudge Report today

"Beijing ordered hundreds of factories to shut and allowed children to skip school as choking smog reached over 25 times safe levels on Tuesday, casting a cloud over China's participation in Paris climate talks.

A thick grey haze shrouded the capital with concentrations of PM 2.5, harmful microscopic particles that penetrate deep into the lungs, as high as 634 micrograms per cubic metre.

The reading given by the US embassy dwarfs the maximum recommended by the World Health Organisation, which is just 25 micrograms per cubic metre

Swathes of northern China were hit and levels in Jinan, a provincial capital hundreds of kilometres away, reached over 400."

"Authorities in Beijing ordered the closure of 2,100 highly polluting businesses, the state-run China Daily said, and advised citizens to stay indoors."

"The smog nightmare came after Chinese President Xi Jinping vowed "action" on greenhouse emissions at the climate change summit in Paris.

Most of the country's greenhouse gas emissions come from coal burning which spikes in winter along with demand for heating and is the main cause of smog.

Xi repeated China's pledge that emissions would peak by "around 2030" but told the summit that poor nations should not have to sacrifice economic growth.



More problems for China which may cause a further slow down in construction in China which will likely reflect on the demand for scrap steel. China had been on a frantic construction binge which has slowed.

If the current administration in China is going to attack their environmental problems by shutting down factories he is going to find they have other problems: millions of hungry unhappy Chinese.

I don't see China bringing up the steel market any time soon, perhaps many years for China. Of course the leadership of China can and has done what ever it wants with out any real concern for the environmental bureaucrats from around the world or its own citizens let alone members of this forum. 73 Mike

Hate to put it this way but we are just another major conflict away from insane prices again. As far as China is concerned I doubt they'll let their factories lay idle for too long. And even if they do, I would expect India or another country to take their place as far as consumption of scrap.

Quote:

---

More problems for China which may cause a further slow down in construction in China which will likely reflect on the demand for scrap steel. China had been on a frantic construction binge which has slowed.

If the current administration in China is going to attack their environmental problems by shutting down factories he is going to find they have other problems: millions of hungry unhappy Chinese.

I don't see China bringing up the steel market any time soon, perhaps many years for China. Of course the leadership of China can and has done what ever it wants with out any real concern for the environmental bureaucrats from around the world or its own citizens let alone members of this forum. 73 Mike

---

Shutting down factories is a short-term emergency measure. The Chinese have been making huge investments in natural gas infrastructure to help shift away from the use of coal (which is chiefly to blame for their air quality problems). As always, the problem is money. Coal is much cheaper than cleaner alternatives, although with the current glut in natural gas, the gap has narrowed considerably. Hopefully, concern for the welfare of their citizens will compel the Chinese government to continue investing in cleaner energy. The benefit for the scrapper is that this helps soak up some over-capacity of steel.

I notice that not much is said in the direction of, WHERE does the MONEY/funding/trade, etc. come from?

Not many willing to take a I.O.U. these daze.

The money lenders and power hungry have painted themselves into a corner, simply put.

Think of it as a story from the twilight zone

a world where MONEY has no real value as the collateral is in the minds of the many people.

the flow of the "spice" has died with the worms of the earth.

the birds & bees are next on the list

I find it all interesting anywho as it's much more interesting then programmed media and pro wrestling and what not.

WHERE does the credit MONEY come from for others to buy with?

I myself am interested in buying more then I have the funding for as it's a buyers market and has been for a long time.

when there are LE$$ buyers there are more $ELLER$.

do the maths...

This will be much more long term than prior years. I've been in this for about 11/12 years and have seen 2 droughts in scrap. In other instances it has been a microeconomic issue. This time it's macro. I believe it will be at least a year but probably closer to 2 years before we see steel come back.
Generally the coast lines ship their material overseas. Since the global market as a whole is not buying much, that means the coast scrap companies ship their material inland which basically floods the US Mills. On top of the fact that the US mills order books are not strong, they can now pay what they want for scrap because there is an abundance of supply.

If I had spare money I would be buying up Sims stock while it's at al all time low. June 20/2008 Sims stock was selling at $41.00 then for Dec. 02/2015 it's valued at $6.86.

When Sims recovers your going to get more bang on your invested dollar, as most smaller yards have either been purchased by the global giant or sell their metals to them.

https://www.google.ca/webhp?sourceid...rk+stock+price

http://i1207.photobucket.com/albums/...psvazfa96l.png

I have been thinking of buying stock shares in Schnitzer Steel, the yard I frequent the most. I plan on buying shares with the money I generate with selling scrap to them. I am reinvesting, they are paying me for my metal, I will be slowly buying ownership of this company with said payments. And they pay dividends.

Quote:

---

Originally Posted by nutpie

I have been thinking of buying stock shares in Schnitzer Steel, the yard I frequent the most. I plan on buying shares with the money I generate with selling scrap to them. I am reinvesting, they are paying me for my metal, I will be slowly buying ownership of this company with said payments. And they pay dividends.

---

BREAKING DOWN 'Share Class'

For example, a public company may offer two classes of common stock outstanding: Class A common stock and Class B common stock. This dual-class structure is typically decided on when a company first goes public and issues stock in the primary market.

For example, a private company that is undertaking an initial public offering (IPO) may choose to issue Class A shares to its new investors, while the original owners of the company receive Class B shares. In this case, the Class B shares would typically have enhanced voting rights. A dual-class structure such as this would be used if the original owners of the company wanted to sell the majority of their ownership stake in the firm, but still maintain majority voting rights.

As an investor, it's important to know what class of shares you are buying when you purchase common stock in a public company.


Read more: Share Class Definition | Investopedia http://www.investopedia.com/terms/s/...#ixzz3tC9guvCt
Follow us: Investopedia on Facebook

What happens when mining companies decide it's not profitable? According to this article, we are already there. If there were no paper trading of commodities, those of us that work with the real stuff would be much better off.
Copper Prices Decline To Levels Below Cost of Production - Commodity Trade Mantra

What happens when the companies declare bankruptcy?

Who gets caught holding the empty bag?

I have always viewed the so called stock market as a form of lottery.

Many will enter and few will win.

Beanie babies are only valuable for those that want to believe they are and those that control the beans.