Shred is still 180 a ton here but everything else is dropping.
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Shred is still 180 a ton here but everything else is dropping.
Aluminum seems to be the only thing staying afloat...even brass is down 20-25%. Street price on shred is getting close to the century mark around here.
just to check local prices I took 1 big cast iron plumbing pipe and took a few bags of aluminum cans to a huge yard here in Chicago since I was going to Home Depot down the road to pick up a new water heater.
got $140/net ton for the pipe----> sheet metal 107 lbs $6.69 or 6.25 cents per lb
cans were still .55/lb which surprised me
$60 /1000 South Atlanta
Steel dropped to $80.00 GT at my yard today 8-l
Copper dropped 20 cents a lb across the board. AL seems to be the only thing staying steady. Not sure whats going on!
Wow $.0357142 lbQuote:
Originally Posted by newattitude
Went in again today and got $35/gross ton. They said they pay $25/gross ton to people without an account. Also they mentioned it is going to go down more soon. I have a pile of unprepared that I was going to save but, I might just turn it in and get what I can for it.
Today I realized that maybe its not such a bad thing that steel is down in my situation. I got a call to pickup a water heater and charged $50. I get the feeling that I will get a lot more of these one item pickups that I can charge regular price and recycle the item instead of paying to dump it.
Cars have been $135.00 for a couple months,
Dropped today to $120.00 a ton (2000 pounds) so .06 a pound
Has traffic at your yard dropped off any?Quote:
Originally Posted by newattitude
Called my normal yard today.. one I got my load in at $180 a few days back.. now at $110/ton.
Never seen steel this low here.
Hate to say it but some scrapping has now become counter-productive.. so I will be focusing my efforts elsewhere with clients and contracting work instead.
Haven't waned off scrap in YEARS.. but trying to squeeze blood out of a stone seems like a fools errand.
Turned in my pile of #1 HMS steel today before the price goes down. Got $100/gross ton. They said the price should go down more on Monday. I know the price will go up from where it is in the long term but, if it goes down on Monday, it will take awhile to recover. Prices can drop extremely fast and always goes up slow. I dont want to wait like a year for things to go up.
My yard is now down to $150 per ton for cars!
Well steel is going to continue to slide, from one of my reliable sources, I cannot remember I think 2007 tin was down to thirty dollars a ton in my market area, to survive in this business you have to buy by the market and sell by the market, customers will not like it but they will shop around and find the market has crumbled. One thing that happens is all the flybynites will disappear, it should come back but not in the near future.
I remember 2007 very well. The company I worked for at the time had 300+ employees and a year later they were down to around 100. The only thing I scrapped back then was copper and it got so low I quit selling it but I continued to collect it. #3 insulated was about a nickel a pound here but eventually it got back up to $1.10 a pound. It's back down to 37 cents a pound now.
Yup, I heard last week some of my guys thought it would dip back down to around 2008 prices. PO's from the mill come out next week and one local yard thought they would drop a little more.
PLEASE DOES ANYONE KNOW how long it's gna be down?
I'm getting $5.00/100# in Virginia
Heard from a fellow local scrapper this morning that frequents the same yard that we are looking at $80/ton soon.. currently at $110/ton
If any of use knew the answer to this we would know whether to sit on it or go ahead and cash it in.Quote:
Originally Posted by lukelona
Sorry, I don't have a crystal ball to see the future.Quote:
Originally Posted by lukelona
Ok, Thanks guys.
I was just wondering if anyone's heard something that I haven't.
After all, that is what this forum and section are for right?
It just sucks price this low people don't like "giving" their car away for $100 or less.
It's hard enough to get them to take a couple hundred usually. (when steel was $8/100)
Ah well, hopefully they adjust soon after they start comparing prices and seeing that your not lying when you tell them it's at 7-8yr low! Lol
My customers have been saying competitor prices are $50-$75 . So that's a start I guess.lol
Good luck to all fellow scrappers at this rough time. Let's cross our fingers for a spike up soon. (man I miss the $14/100# days)
There are recent threads discussing this topic. Yes that's what this forum is for,but it helps to do a little research before asking a question. Believe me, you will get much more out of this forum if you utilize the search button.Quote:
Originally Posted by lukelona
Let the purge begin ! Aside from non ferrous and maybe car batteries, which has even taken a hit lately, Im in hoard mode. Aside of vehicles not paying for ANYTHING !!! I hope to be sitting on a mountain when price comes back around. And yes this does take me back to '08.
I am too! Starting yesterday. 07-08 was horrible and then we had a crazy spike in steel price.Quote:
Originally Posted by taterjuice
I do mostly cars, occasionally do big scrap cleanouts. But deal with steel mainly.
I'm also taking all wire harnesses now because it's kinda slow right now so I have time to process them further
Apologies sir. I will do just that from now on. I'm new to the site and I'm not to familiar with forums. I'm a good car guy, not so much with computers lolQuote:
Originally Posted by junkfreak
Geeze, its time to rent a storage lot. Just got a text that 2 of my yards are dropping to 65.00 a ton.
Shred is still 180 a ton here. I hope it stays at 180 until I can get there on Saturday. By then I'll have between 1000 and 1200 pounds that has to go.
It figures I have not scrapped a Microwave in 22 years.. Today- I got 4 of em!
HA!
Here in Houston, my yard has been paying $0.065 a pound for 2 weeks now. I took in 2100 lbs today and it is still holding at that same price. Whole cars pay half a cent more per pound. I started scrapping in 2006. I hung in there through '08 when prices went down to 3.5 cent a pound. Hope it does not get worse for me.
I was working at the other yard today and that boss told me he heard steel is going to drop another $30.00 ton next month. Now, I don't know if it will happen or not but I think I'm going to turn in anything I've stockpiled just in case!
Its kind of a catch 22 situation with steel. I was on the fence about hold or selling.Quote:
Originally Posted by newattitude
But circumstances ended up dictating that I hold on to it. But I have a place for it, everyone has their own unique situation. I don't pay for steel so its not like I have to keep it moving.
But totally understand the panic with prices dropping.
One lesson I learned in school about the "Great Depression", the smart ones were buying not selling.
I believe opportunity is knocking for those that are in a position to take advantage of these low prices.
Just one mans opinion....
Went to the yard yesterday with alum cans and other misc items(No Steel). Shred was down to 100/Ton, Amazingly elec motors held the same all this time at .22/Lb. I was expecting about .10 to .15 for the motors.
$6.50 per 100# for shred
$2.00 # for #2 copper went up $.10
Took a load in this past Monday here in Tucson, Az. Iron/Steel $30NT ($0.015). Just a Skeleton crew working at the yard because of layoffs due to price drop.
Checked in at the local yard(Southern Maryland) this afternoon shred is $3.50 per #100lbs and that was the good guy we're looking out for ya price other wise a straight $3.00 per 100lbs
They believe scrap steel is going to hit below $2.00 per 100lbs.
Welp, I'll keep piling it higher until the goverment shows up to make me install a flashing light on top so airplanes don't hit it
On a brighter side copper is starting to creep back up.........
Today the local shredder yard is paying $145 per net ton ($0.0725 lb) for light iron/shred.
Other yards in the area are paying from $90 to $120 per net ton.
Hammer, your right, the copper prices at my yard have crept up a little the last couple of weeks. Steel still dropping.
Current prices; cars - 4 1/2 a lb. or 90 a nt. clean unprepared - 160 nt. Motors - .13 lb. Alum cans - .65, old sheet - .63, cast - .57.
#1 clean copper - 2.15 lb, #2 clean - 2.00 lb, #1 insulated - 1.05, #2 insul. .70 lb, Batt's - .20, SS - .45 lb, Brass - 1.45,
Hauled in 500 lbs today of sheet steel.. dude came to the pay window with a limp $20 bill.. I was hoping he had a brother or two with him.. a Lincoln maybe? Nope.. just the limp $20.. Yard is thin, piles low... people coming through the gate.. well I was there 20 minutes and saw no one come in or leave but me.
You're complaining? $80/Ton isn't too bad. We only get $30/Ton here.
I would have received $7.50.
matador: "I have to give people a hard time!"
Matador: I really knew I wasn't going to get diddly squat.. I needed the space in my breakdown area FAR more than I needed the cash for the steel. 4 microwaves, a Dishwasher, Computer Towers and 2 barrels of loose steel as well as those un-stackable, bent, crappy steel things we all get.. I said "Made my $ on other things.. this stuff has Got to go!" Plus all of it was acquired for free.. so I'm really not out anything but gas.. which is still fairly cheap ($2.26 as of this typing)
yeah but, I can't afford or want to hold on to stuff for a possible year, year and half . Because the last time this happened thats how long it lasted. dont think what I lose now will make up for what I might get a year down the road.Quote:
Originally Posted by junkfreak
And I can't afford to lose money now and sit on stuff for later, this gal just ain't gonna do it.