Results 1 to 7 of 7

Keeps dropping on ferrous

| Scrap Metal Prices
  1. #1
    TexasDeere started this thread.
    TexasDeere's Avatar
    SMF Badges of Honor


    Member since
    Mar 2012
    Location
    Spring, TX (Houston Suburb)
    Posts
    68
    Thanks
    15
    Thanked 46 Times in 19 Posts

    Keeps dropping on ferrous

    I normally operate out of Houston however I am wrapping up a project in Memphis this week. I took first load of shred type scrap from site. 1300# at $0.0275 = $36. Last load I hauled in down in houston was $0.0325 a pound. It just keeps creeping down. I will be glad when it starts creeping back up. Feels like it will be a long time.



  2. #2
    Patriot76's Avatar
    SMF Badges of Honor


    Member since
    Dec 2012
    Location
    Buffalo Commons
    Posts
    2,949
    Thanks
    10,589
    Thanked 7,220 Times in 2,256 Posts
    Two reasons to stockpile. Price and value when the economy shutters. Three loads have been hauled in the last year and a half just to create room. Continue to create projects out of scrap but scrap is the savings account. Short of WWIII, do not count on prices returning to reasonable levels until at least the summer of 2017. My guess is that smaller yards will continue to shut down, feeder yards will disappear, and trips to the scrap yard will involve great distance for those in the center of the country. Hang on, the rodeo has just begun.
    Give back more to this world than we take.

  3. The Following 2 Users say Thank You for This Post by Patriot76:


  4. #3
    SMF Badges of Honor

    Member since
    Aug 2011
    Posts
    466
    Thanks
    1,612
    Thanked 417 Times in 199 Posts
    Had to clear some space so I sold about 5000 lbs of steel yesterday in for 2 cents a pound. Could have made an 80 mile round trip for a whopping 1/2 cent a pound more.

  5. #4
    SMF Badges of Honor


    Member since
    Jul 2015
    Location
    philly
    Posts
    97
    Thanks
    88
    Thanked 40 Times in 23 Posts
    prices are returning to a more reasonable level now....ive been doin this for 25 years...
    it wasnt till china entered the picture that prices took off...if there is another housing bubble prices will rise...i think they will stabilize...hopefully soon...when i started out contracters would leave wire and pipe laying around cause it wasnt worth a scrap trip...its almost back to that level

  6. The Following 3 Users say Thank You for This Post by gus4113:


  7. #5
    SMF Badges of Honor


    Member since
    Nov 2011
    Location
    Winnipeg, Manitoba
    Posts
    26
    Thanks
    0
    Thanked 8 Times in 5 Posts
    Price for shred in Winnipeg, Manitoba yesterday was $0.035 per pound. At least I don't have to go out of my way to the yard. I can stop there in the morning on my way to work and still make it to work on time. I didn't want to take it in, but the trailer was full. Yes I am in Canada and that is the currency I'm quoting.

    Keep at it and you will do just fine.
    Cheers.

  8. The Following User Says Thank You to I29North for This Post:


  9. #6
    Otto's Avatar
    SMF Badges of Honor


    Member since
    Nov 2011
    Location
    Ottawa, Ontario
    Posts
    335
    Thanks
    494
    Thanked 322 Times in 166 Posts
    Price for shred in Winnipeg, Manitoba yesterday was $0.035 per pound.
    I was surprised to see this, given you're in the middle of the continent. You're getting nearly double what we are in Ottawa. After consulting Mr. Google, I see Gerdau has a mini mill in your area. Is this where you sold your shred?

  10. #7
    Gravitar's Avatar
    SMF Badges of Honor



    Member since
    Jul 2012
    Location
    Central Texas
    Posts
    1,086
    Thanks
    1,258
    Thanked 1,431 Times in 525 Posts
    I have been getting between 1 and 2 cents a lb for shred since September. Not worth the trip unless someone is paying me, and nobody wants to pay because they think scrap is still worth something. I'm probably going to start picking up TV's again just to try and make something. I still can't believe that a fridge that would have gotten me $15 a year ago now gets me $2. Freaking ridiculous.
    Made in China, Recycled in the Republic of Texas!

    "When the mind fails, brute force prevails" - CTSSolutions


  11. Similar threads on the Scrap Metal Forum

    1. Bartering turns $20 of ferrous into $130 worth of non-ferrous
      By Mick in forum Dismantling, Breaking Down & Maximizing Scrap
      Replies: 6
      Last Post: 03-23-2014, 04:09 PM
    2. New to E-scrap not to ferrous /non ferrous
      By deerhunter in forum Introduce yourself
      Replies: 3
      Last Post: 03-26-2012, 04:00 PM
    3. Gold dropping.
      By easyrecycle in forum Scrap Metal Prices
      Replies: 19
      Last Post: 01-18-2012, 10:42 PM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook