Yeah I'm gonna sell below $100/gt for tin by the end of the week at commercial pricing, meaning probably below $50 for public scale price. Oddly I'm still selling cast fe over $300
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Yeah I'm gonna sell below $100/gt for tin by the end of the week at commercial pricing, meaning probably below $50 for public scale price. Oddly I'm still selling cast fe over $300
All steel grades down 50/ton starting tomorrow. So 115/ton tomorrow
I got dropped to $200/ton for small amounts of #2 prepared on Monday. Not sure what I would get for larger amounts, but doubt that it would be over $225/ton. Not planning to dump my boxes until August/September unless they suddenly get filled. But will dump small amounts every Monday until the end of the year since I see no point in hauling 1000 lbs 200 miles to gain $12.50 when I could be hauling something of value instead.Quote:
Originally Posted by greytruck
On the Montreal island, hms #2 is at the same price as shred CAD 125 / mt (USD 88 / ton). HMS #1 bushelings are CAD 145/150. Rotors and drums are CAD 160/180. Lower prices in the surburbs.
Update: I was surprised that to see that my ferrous yard was still buying at Cdn 150 / mt today.Quote:
Originally Posted by CopperMiner
$120/Ton In Northern Indiana this morning
In date of today, shred is CDN 130 / mt (USD 110 / ton) and it is totally DEAD in the yard.
We are holding at 115/ton for shred and 160/ton for clean steel. same here with traffic at the yard, dead. But i still see scrappers all over the place but not as much as before.... where are they selling? or are they hoarding their steel LOL Those silly scrappersQuote:
Originally Posted by CopperMiner
Holding at $120/ton shred at Sioux City. Also very quiet with not a lot of stock sitting at the yard.
Local commercial pricing is between $85-125/gt for shred. Cast Fe varying wildly between $145-280.
Shred actually went up 15/ton. now at 130/ton.
$.0375 lb. $75 net ton
Stable. Was still at Cdn $130 / mt last week.
Sitting at 130/ton here. Asked the mgr about steel pricing for Oct. He said down. not surprised, steel always drops in October
Still sitting at 130/ton, but word is steel is suppose to be dropping this week 10/ton or a whole lot more. "or a whole lot more"...... that don't sound too good......... Sell sell sell
Well buddy was right... he's always right, anyways.....
Shred down 15/ton, now at 115/ton
Other yard down 20/ton, now 105/ton
In Sioux City, shred is at $100/ton and there's talk of it going to $90/ton for November.
I asked the yard mgr about Nov pricing. He said they are waiting till next week to drop the price but he dont know how much of a drop the owner is going to say. The other yard already dropped today. Down 20/ton. was 105, now 85/tonQuote:
Originally Posted by Hillbilly94
The steel drop happened today.... Also hearing Alum commodities may drop this month too.
Shred down 15/ton. was 115 now 100/ton
Clean Sheet down 20/ton. was 150 now 130/ton
HMS/Cast Down 20/ton. was 140 now 120/ton
Auto cast down 10/ton. was 200 now 190/ton
Well, if there are any scrappers still on this site..... shred is at 215/ton in Chicago heights Il
https://gotscrapchicago.com
Shred up here as well but I expect it to drop at any time
Non - ferrous prices have been trending up in this area. Been cleaning out the shop this past week because i expected prices to start dropping as well.
Not sure though .... inflation should put upward pressure on scrap prices at some point. The other thing is that the war in Ukraine is still dragging on. Word is that the Russians have over 90% of their army deployed in that region and they have expended much of their munitions supply. Many of their tanks have been destroyed by the Ukrainian military. The Russian version of a war department is being criticized for not re-supplying the army quickly enough.
That should create more global demand for brass for ammunition and steel for tanks.
It's kinda like what happened to scrap prices when our war in the middle east was raging on.
I know it's a little off topic.
Just checked the LME warehouse levels for copper. It appears that they are at a 5 year low.
There ought to be some kind of a metric out there for scrap steel in stock. Would suggest keeping an eye on that. A critical shortage there will eventually drive the price per ton of shred up considerably.
I didnt get to see the yard Mgr. today to ask about march pricing, but i asked the scale guy. He said it should stay flat threw March and go up again in April... But thats the scale guy, not the Mgr.Quote:
Originally Posted by mikeinreco
Well we got a .25/lb bump on copper today so its trending upQuote:
Originally Posted by hills
$.085 lb. So $170 a ton. Not bad prices going up.
We have seen a steady increase. $200/ton for Shred in Sioux City. Yesterday
We got a 45/ton bump last wednesday. Shred now at 260/ton and 250/ton at the other yard in Chicago Heights Il
Shred currently 230/ton and 200/ton at the other yard
Word is steel commodities to drop 30 - 40 ton next month. well around here at least, your results may vary
Down to $160 a ton here
Same in Sioux City. $155/ton shred. Down from $190 a month ago.
Ran a load in before the long weekend. Figured the price will drop when they reopen Tuesday..... Nope, price dropped today. Copper down too as well.
Down 30/ton. Now at 200/ton. still not to bad but they said it might go down again next week.
Got Scrap? – We Pay More!
I was expecting the very worst, but things were quite fine. Sold shred today at CAD 135 / TM (USD 109 / ton). I am happy with that price, because I previously sold at CAD 75.00 and 90.00 in the last years. The yard was empty (lowest inventory I ever saw there, not even enough shred to fill up a 10 wheeler box and it was on the afternoon coffee break (no one in the yard too). Just too bad the gas prices are not the same. I fueled unleaded regular at CAD 1.549 / liter (USD 4.30 / gallon) Monday and I saw it at 1.799 / liter (USD 4.99 / gallon) Yesterday. That's a 16% price hike (due to pure creed and speculation) in the same week.
We shipped out a pulper truck with attached trailer a few days ago. The metals pile was getting big and hard to tend. Just guessing but maybe 30-50 ton of semi compacted shred ? It was headed off to a large metals recycling company that's based in Canada. One would think that shred prices would be expected to drop this time of year because there is so much supply with people doing their spring cleanup projects. We've been getting slammed lately.
I've worked gas stations off and on for a long time. Prices usually start going up a bit before Memorial Day here in the states. ( That's next Monday. ) Memorial day has been the traditional kickoff date of our summer tourist season. Higher demand with people leisure driving hundreds of miles on vacation usually translates to higher prices at the pump. They also claim that the gas is specifically blended to meet emissions standards at higher summertime temps. It's more costly to make so it's more costly to buy.
JMO ... i'm more inclined to think it's just supply and demand. Most retailers here work a margin of 3 -5 cents a gallon of net profit. The tankwagon haulers and the refineries tend to work certain margins as well. It's not a huge money maker unless you're doing massive amounts of volume. The real money is in pumping and exporting crude oil on the global market.
Gas stations located near highway 20 (aka the backbone aka Trans-Canada Highway) are still selling at CAD 1.599 / liter while it is 1.799 / liter a few miles away. Strangely, it was done right after our stat holiday last week, not on the Thursday or Friday before the holiday as it is usually done.
By the way, it doesn't changed much after all, but at least they get caught red-handed a few years ago. What's stranger is some regions will see the price hike and some others do not and they're all sourcing gas from the same oil refineries. Also, we don't have a price cap while Ontario and the Maritime provinces do. Provincial government does not really want to act, because they highly tax gas and their tax is % based. Higher gas prices mean higher tax revenues and less willingness for them to act for consumers interests.
Shred dropped another 20/ton. So now currently at 180/ton.
Down to $115/ton at Sioux City.
S/S 304 prices are very bad too. I just sold at USD 0.174 / lbs (CAD 0.23 / lbs), because I felt that I didn't have enough volume to go crosstown to another yard who deal more S/S. These yards announce that they buy S/S between CAD 0.44 and 0.60 per pound. Aluminum seems not to be much better. The only stable and decent commodity seems to be copper and its derivatives, but I am not selling it right now.
Bid/Ask 0.9833 / 0.9835 pound
Aluminum June 23, 2023