Printable View
I am bidding on a project. Project is sizeable and in the US.
Project volumes for scrap:
5000t of iron
150t of copper
150t of stainless
What is the best resource site for spot prices and to classify the scrap that is on the project. Reason being, I have a scrap yard prepared to buy, but I want to run his rates next to the market?
Eagerly waiting for replies. Thanks,
Got a smart phone? scrapmetalforum.com free app.
Where are you and what is your usual line of work?
This must be a joke! If you plan on bidding on such a lot one would assume you would at least have been able to find spot prices.
Oh I see your back pushing that crap app crapQuote:
Originally Posted by wavecrazed
No, it is no joke. I figured I would attract replies like that. I am in construction and an estimator for a company turning 20M+ per year. Demo is not our usual line of work, BUT, considering the sensitivity of the project located on a mining lease, it isn't no wrecking ball, det cord situation. It will be heavy on the safety and enviro extreme. If any of you know MSHA, you'll know what I mean.
NOW, I have a scrapper ready to take the tonnage, but as I stated, I need reliable sources of spot prices to A) classify the scrap, B) compare his ton prices on volume against a legitimate market
I am not experienced at scrap, I build things, but considering this is the best place on the web for scrap, I thought I'd try.
Try Kitco it has a live chart and historical charts as well.
Ok. Here's a place that lists spot prices: http://www.recycleinme.com/
I just like to know who's asking. Thanks.
Thanks for the links
I tried the app. It is not free long and there is a large, and I mean VERY large, sign up fee. The app was not very good as well as it didn't have three yards that are within 20 miles of me. You would not happen to be another Rockaway employee would you? ;)Quote:
Originally Posted by wavecrazed
wavecrazed is fine he has been on other scrap metal sites I have been on!
Oh I see your back pushing that crap app crap .
NOpe not me. Just a schlepp pushing steel.
I didn't know there was any other scrap metal forums around. This one is the biggest and best(dysfunctional and all).Quote:
wavecrazed is fine he has been on other scrap metal sites I have been on!
I tried to google it once and this is the only one that came up.
I always look here even though local prices are not as high. It seems to be a good indicator of what the market is doing.
http://www.877ironmike.com/metal-prices
http://www.realcent.org/viewforum.php?f=11Quote:
Originally Posted by Mechanic688
http://forum.treasurenet.com/index.php?board=347.0
http://www.scrapmetalforum.com/forum.php
i didnt know rockaway recycling was so well known in the community... they are actually my local non-ferrous yard.. though i prefer to use my other guys 5 min farther down the road...
Filthy, let me know if you have copper wire. I would like to see if I can do a little better on price for you. ;)
im saving for now... until the price gets up at least 10-20% from where it is now... i will most definitely let you know where i stand before i sell it
#3 is us right here, Thank you for the other two links, I'm gonna be nosy and check out the others.
I know if i owned a 20+ Million dollar company and was bidding on such a large project, i would expect my employees to be able to get better advice on my multimillion dollar investments than just asking random strangers on some forum.
Have you called local yards?
Done a google search?
Called yards in other states?
Compared shipping vs rates to see if a 5 cent more in scrap from out of state would be worth it?
Theirs a lot of tools out their and asking strangers to do your work for you seems like you either
1, you dont want to work for your current employer
2, You dont like your employer / boss
3, all of the above.
I got a sufficient answer earlier on, but I have been curious to see the replies filtering in. Let me clear the air a little to help you understand. I dont own any company, I am an employee. The hedge on this project is far from profitability on scrap metal, profit is on duration of project estimated to bring this junk pile to the ground. Then sell it. To be honest, I would rebate the scap value back to the owner, just to secure the project. See, most of you guys and girls collect scrap and head off to your local vendor based on market value and try to make a buck. Whereas in this particular scenario, there is enough scrap value to say to the closest 20 high volume yards, here is what I have, how much you gonna pay me for it. Then I award to the highest bidder while understanding the market value (which is my original question).
So to answer your questions, and I do thank you for them.
- My most local guy is chomping at the bit to get this work (we'll see if he has a competitive bid)
- Yes, I did a google search (I found this place). Actually, this site is probably re-inforcement to what I already know (someties it's good to get info off the ittle guys too!)
- Regional areas will be contacted if awarded, and I'm not concerned at their cost of doing business. If a local place offers me $290t for iron and the vendor 2 states over will come get it for $297t, I may very well give it to the local guy to support local business. Again, I am not hedging profit on scrap. I just needed to know where the accurate market value is online.
I'm not really sure how your last few sentences fit into my original question, just to let you know:
I have an awesome job, I get along great with my employer and direct boss and yes, I do like working for them. This post was research and I have learnt a couple of things about the scrap world, so thanks again.