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Is steel worth scrapping?

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    MierasMetals started this thread.
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    Question Is steel worth scrapping?

    Should you go out of your way (no too much) to grab steel and store it?



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    Quote Originally Posted by MierasMetals View Post
    Should you go out of your way (no too much) to grab steel and store it?
    Only you can answer that question. Too many variables for anyone else to give advice on.

    1. how much can you get for it?
    2. do you pay for storage?
    3. how far are you going?
    4. how far is the yard?
    5. what do you have for transportation of the steel?
    6. ETC., ETC.

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    If you are going to be breaking down things you will have steel as a by product of the items you clean up in order to get a better price, so if you have some space and the prices for steel are ok by you then as my later father in law would have said "if its free take it!"

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    For my business plan it is worth it, but I have an unusual situation than most on the forum. I do not have to pay for storage, have unlimited storage areas, can afford to sit on metal as long as I have to, can haul up to 10 tons per load, etc. My specialty is large machinery, # 2 prepared, and # 1 prepared. I haul tin immediately because I do not want it blowing into Minnesota or Iowa. As pointed out by the previous posts, it depends on your situation. You might want to provide more details and you might receive more specific answers.
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    I think it is but I never just haul steel or shred I take in copper or brass also
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    MierasMetals started this thread.
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    I have unlimited space. I can wait to drop it off. I can carry a truckfull. With a atttatchable trailer.

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    Quote Originally Posted by MierasMetals View Post
    I have unlimited space. I can wait to drop it off. I can carry a truckfull. With a atttatchable trailer.
    You still have to figure your transportation costs (pickup and drop off). You also need to figure out what you can get at the yard and if it makes sense to process anything.

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    Quote Originally Posted by mthomasdev View Post
    You still have to figure your transportation costs (pickup and drop off). You also need to figure out what you can get at the yard and if it makes sense to process anything.
    This is correct some things may be better sold as is and be done...

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    Quote Originally Posted by MierasMetals View Post
    I have unlimited space. I can wait to drop it off. I can carry a truckfull. With a atttatchable trailer.
    a

    After figuring cost and time, find a price that will show a profit you can live with. Then turn and burn.

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    I say it sounds like its worth it for you. I always take non ferrous in when I take shred, I don't have unlimited storage, so my shred pile determines when I go to the yard most of the time.

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    I have a 16ft flatbed trailer that I use to store shred (after I process it, removing the wiring harness, etc) until it is full, then I haul it 4 miles to my yard. I do not go more than a couple of miles out of my way from work to home to pick stuff up, so for me it is worth it.

    The owner of the yard told me a week ago that he and 4 other yard owners talked, and they all agree that there should be a pretty good rise in commodities by the summer, so I am hoarding all my non-ferrous until this summer. And like the OP, I have plenty of storage space on my property.
    Last edited by wayne1956; 01-09-2017 at 11:19 AM.

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    I still collect steel. I often use it as material for projects. Also one of the yards I go to will cut me a check on the spot for anything over $25 if I bring steel with non ferrous instead of waiting for 10 days to get a check for any amount over $25.

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