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Shed price rising

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  1. #1
    bullion started this thread.
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    Shed price rising

    Shred went up 10 bucks a ton at my local yard yesterday-does this mean the downturn is over?



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    No. The price in February may be the same or down . I have been in this business for over 20 years. The buyers and brokers are telling me 2016 will be like 2015. They are telling me no quick turn around.

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  4. #3
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    Our yard (They originally planned on hoarding) is unloading every bit of shred that they can. They obviously aren't forseeing decent rises in the near future....
    More than Scrap Value Shipment Tips: http://www.scrapmetalforum.com/scrap...tml#post242349

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    @matador probably lost more money they are gonna make if they have been hoarding it when the price has done nothing but decline for a year and three months. Cash flow is probably the main reason. I would say over 50 percent of the yards currently in operation are having cash flow problems with the prolonged downturn in the commodities market.

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    Just a newbie question here..What if people hoard and the yards get no business would that not put the squeeze on them and force a rise in price?

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    Quote Originally Posted by MrSteve View Post
    Just a newbie question here..What if people hoard and the yards get no business would that not put the squeeze on them and force a rise in price?
    yards do not control the prices, they sell based on the price they are receiving "order pricing, or market pricing" if your yard receives no scrap they will eventually CLOSE!!!

    V/r HT1

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  10. #7
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    Quote Originally Posted by MrSteve View Post
    Just a newbie question here..What if people hoard and the yards get no business would that not put the squeeze on them and force a rise in price?
    That could put the yard out of business. They can't pay you more for scrap than their scrap buyer pays them for the scrap. That would definitly put them out of business. And the less yards in the area, the less competition, the lower the prices, because there is no competition for business.

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    Shred hit a low of .025/lb just before the New Year and is back up to .03/lb yesterday. Can't say if it will fluctuate up or down but I'm not banking on it going up anytime soon. I will be cutting out appliances from my classified ad this year and only taking them if manageable with an ewaste pick up or if I see one sitting all lonely at the curb, I will give it a home. I don't repair them and have no space/patience for such a low profit.
    METAL IS MY MISTRESS...PLEASE DON'T TELL MY WIFE!

  12. #9
    bullion started this thread.
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    I sell all my appliances to a used appliance store. I get 10 bucks each for the fugly ones and 20 bucks for the nicer ones.

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  14. #10
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    I used to sell my appliances to a place too but he got over stocked and only wants newer stuff now

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  16. #11
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    Quote Originally Posted by bullion View Post
    Shred went up 10 bucks a ton at my local yard yesterday-does this mean the downturn is over?
    Shred's up $15.00 to $55.00 per tonne here in Ottawa. My feeling is that this is due to the arrival of snow cover (which reduces supply) and increased interest from US buyers because of our low dollar. At the current exchange rate, $55.00 Cdn is about $39.00 US. This is probably a bargain for the bigger scrap outfits just across the line in New York state.

    Bullion, what are you getting for shred? I seem to recall you were in Alberta. If you're close to the mini mill in the Edmonton area, you're probably getting better prices than here in Ottawa.

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    In theory, if enough people hoarded, prices would rise. Demand would be the same, but supply would be lower.

    Now, in reality there wouldn't be enough to do anything other than starve the local yards, hurting them.

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  19. #13
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    It would be like pee in an ocean. And some facts about just that here... 12 Easy Ways to Urinate in the Ocean Discreetly - wikiHow

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  21. #14
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    MrSteve- There's 1 company here in my metro that takes steel and they have 2 locations. Their 2nd one is new and is located only a couple miles away from me so I see their steel piles frequently (haven't been there since early Nov.). My impression is that most of the steel they have coming in is from larger businesses that have stuff as a by product of what they do including broken down equipment such as an occasional RR car. This stuff is in the various companies way and they really don't care what the steel price, only that it has to be gone so they can keep on what they're doing. Sure, they companies getting rid of such stuff would like top dollar but they're not going to wait around for it. Their excess steel is generally just a PIA. I think the amount of steel coming in from smaller type guys with a pu and a long trailer has virtually ceased at this time. Last time I took in "tin" (what they call light steel here) it was $10 a ton. Although I still see at least 1 guy on the local CL advertising to pick up people's old appliances for free so a few pick-ups are still going across the scale but probably not many...

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    just called my local yard here in CO... $75 p/T!!!! up $45 in the last 3 weeks... Im thinkin its time to move a pile
    "Some people try to turn back their odometers. Not me, I want people to know WHY I look this way. I've traveled a long way, and all of those roads weren't paved"-Will Rogers

  23. #16
    bullion started this thread.
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    Otto Vancouver Island here. 40 dollars an m/t right now up from 30 last week

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    Quote Originally Posted by bullion View Post
    Otto Vancouver Island here. 40 dollars an m/t right now up from 30 last week
    Yeah, your location is hurting your prices. The cost of getting truckloads off the island would be a hindrance. Although, if your srcap yard could barge to Seattle, they might be able to get better prices. Then again, the Seattle mill doesn't have any local competition so they could pay less.

    https://www.steel.org/Making%20Steel...dVersion6.ashx

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  26. #18
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    I've heard the same as Missouri, possible drop in Febuary again

  27. #19
    bullion started this thread.
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    Schnitzer has 3 yards here so does ABC they both barge loads off the island monthly.

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    [QUOTE=Otto;261718]Shred's up $15.00 to $55.00 per tonne here in Ottawa. My feeling is that this is due to the arrival of snow cover (which reduces supply) and increased interest from US buyers because of our low dollar. At the current exchange rate, $55.00 Cdn is about $39.00 US. This is probably a bargain for the bigger scrap outfits just across the line in New York state.
    QUOTE]

    Up to 75$ net tonne in Cornwall. Almost doubled from 45.
    You are gross tonne in Ottawa.
    WARNING: User tends to exhibit open disrespect for authority and a
    generally mellow demeanor inconsistent with the gravity of the situation.

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