Scrap Yard Ideas

Originally Posted by 1956

Alright you are going to or thinking about opening a yard, first let me say best of luck to you. I think rather I know you have left off many things that you would need to open a yard, and they are just to many things to list, but putting that aside. The main question I have is, I am confused who has under a 100 lbs of steel, or are you talking about tin / or shred so what are they buying for 60-70 a ton shred or unprepared steel. That is a big question that needs to be answered. Let me just say that steel mills are full of s....it, I have sold mills before, there is a big difference to #1 prepared and Mill quality ready for the furnace. Get ready for the deductions.

The 100 pound idea would be to buy from homeowners, so people that would rather get $5 for something rather than give it away for free to the city recycling center. I have decided to scratch this idea and stay with the rural yard.

The $60-$70 is unprepared, but it is only like $20 a ton more for prepared. I have also looked into permits and the office told me what I need and they are pretty simple. Yes we are going to prepare it, this will yield the highest profit. We will also be getting large items such as balers and tractors which would need to be prepared to be shipped economically. What else are we missing 1956?

Thanks

Originally Posted by MattyNoNeck

****, those prices in the midwest are rough. You may want to look into trucking steel to the east coast. Yards around here pay $220-240 a GT for tin/shred, $310 for short steel. If you're buying short at $100 a ton, you could see some serious profit if you send it all our way.

Hell...a commercial account might even get you more per ton. I suggest giving the big boys in this area a buzz. PM incoming.

The $60-$100 is what they pay in the rural areas (5 hours from a big city). The yard I sell my steel to now in the city pays $210 for sheet and $220 for prepared.