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Scrap Price Drop in May 2013

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    Copper Head started this thread.
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    Scrap Price Drop in May 2013

    My yard seems to feel prices on the way down some time in may - whats the scoop.

    Last edited by admin; 04-27-2013 at 06:48 AM.


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    Sirscrapalot's Avatar
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    Your yard can see 100 years into the future? :P

    I tease! My yard(s) have no plans to go lower.

    Sirscrapalot - ALF...go watch it if you didn't during the 80's!

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    I got an update yesterday, I was told I would lose another penny a lb on Wednesday, he said prices may go up in june or even july.
    expect the worst and hope for the best
    cory couch
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    Copper Head started this thread.
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    Well May 1st lower prices paid at my yard
    Pinching every penny - they do.

    Real or not the yard makes it so.
    A Monopoly
    Last edited by Copper Head; 04-27-2013 at 03:34 PM.

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    shred is still $195 here but not sure how much longer its gonna last, all of the other prices have already gone down
    Last edited by jghilino; 04-27-2013 at 04:46 PM.
    I buy and sell all types of scrap and escrap. I buy specialty and hard to sell escrap. I buy resale items. PM me or contact me at jghilino@hotmail.com
    I AM ACTIVELY BUYING ESCRAP OF ALL TYPES. BOARDS, RAM, CPUS AND MUCH MORE

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    Summer price drop? Did not happen last 2 years by me, so about time. Normally after Memoral Day thru Labor Day...

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    Still $260 in chicago

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    We dropped a penny last Friday here in southcentral pa. Brass and aluminium stayed the same.

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    Quote Originally Posted by kazko67 View Post
    Still $260 in chicago
    Do you go to the yard on North Ave. for that price? I'm at $195 in Elgin. $200 in Woodstock. $225 in Aurora. $80 in Crystal Lake! No that CL # is not a joke! Called 3 times and was given the 4 cents a pound#!!!

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    Copper Head started this thread.
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    No guarantees but lower prices often equal more metal due to less interested metal hunters .

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    Sheet iron by me holding at 170 a ton

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    Well I can verify this has already started. Down $20 a Ton today here in Central Indiana. We were sitting at $240/Ton.. Pd $220/Ton Today. Bummer!
    I'm so into scrapping.. When my Steel Toe Boots Wear out, I cut the Steel out of them and recycle the Toe!

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    word has it the cause is china. they a opened a few new copper silver and gold mines so it means they wont be buying as much scrap .therefore its going to drop prices

  16. #14
    Gangel
    Where do all these rumors start? Every summer it does this. You people want steady get a job. Prices going up and down offer the chance to make good money.

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    Gangel I have a very very steady job. Its called I contract for a large scrap yard. I am probably one of the largest scrap processors of scrap locomotives in the USA. We move insane amounts of weight on a daily basis. Since you answered in another post that a 40 dollar drop doesn't mean much to you then you can start by making out your checks to my business name you can private message me for my address. The rumors of the prices falling started this month with a 20 dollar a ton drop and then the prices kept dropping for export material through the month. Scrap is plentiful and the mills know there inventory and there books for finished products. The economy is expected to be lacklaster for the next two to three months with anemic growth of the GDP. They can drop there buying prices when they know they aren't melting much and they have enough scrap to last a while. Supply and demand.

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  19. #16
    Gangel
    This happens all the time this time of year. Is this truly a new concept? Nobody aroound here takes steel in for another 2 months. Now is time to buy and tear down while the sun shines.

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    Copper Head started this thread.
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    With Luck fuel goes down so operating expenses go down a bit . Actually for a big operation lower fuel could off set the lower prices paid . All the rumors set aside seems that at the pump prices seem to set the price with a delay but none the less fuel seems to be king.
    Last edited by Copper Head; 04-30-2013 at 11:31 AM.

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    Around here the price of gas just went up today .30. It's 3.85 right now.
    P & M Recycling - Specializing in E-Waste Recycling.
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  22. #19
    Gangel
    So, Walmart should shut down when prices go up? If your business model/plan doesn't include prices going up and down, something is wrong. And, I might add, the line about the steady was aimed at a steady paycheck. You knew going into your own business that you were going to make it or go broke. That's the whole point of starting your own business.

  23. #20
    Copper Head started this thread.
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    Quote Originally Posted by Gangel View Post
    Where do all these rumors start? Every summer it does this. You people want steady get a job. Prices going up and down offer the chance to make good money.
    In theory lower prices should allow for less competition, for the small scrapper or curb hunter type . The price paid or price at pump coupled to finding effect who I have to compete with.

    BUT for PistoneScrapProcessing
    a drop in price must be intense , a measurable loss not easily fixed by just finding more .
    Last edited by Copper Head; 05-02-2013 at 04:26 AM.

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