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Scrap Price Drop in May 2013 - Page 2

| A Day in the Life of a Scrapper
  1. #21
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    Gangel, My prices are locked in for what I do. The only thing I can't control is the price os propane but the more I buy the cheaper it gets. Buying 2000 gallons at a time helps me lower my price by buying in bulk. I wouldn't use walmart as an example for anything business either. There business plan isn't the same one that sam walton had in mind when he started that company years ago. I know my costs per month to operate month to month. Prices can go up or down copperhead and it doesn't affect me that much. I don't own the yard. I just process there torch material for them. When the price goes down it does affect the flow of scrap into the yard. This also has an affect on the mill though because lower prices mean less product to buy and that makes for a tight market. The mill will have to raise there prices in order to improve scrap being sold to them. I would look for a June or July bounce back though. You also have to keep in mind its feast and famine in the scrap industry. Up or down the yards are still going to ship scrap you can't sit on it hoping that it goes up next month when you are dealing in 1,000's of tons a month. You need to have cash flow at the end of the day to keep operating. Here is an interesting little new story I found the other day enjoy it. Its about sims yard in jersey and its there crown jewel of a yard. There shredder can eat through 4,000 tons of material a day and they have some 200+ employees working there on a daily basis.



    Behold the Mega Shredder: Jersey City recycling plant turns cars to confetti in seconds | NJ.com

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  3. #22
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    Excellent article, thanks for sharing it!

  4. #23
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    Quote Originally Posted by PistoneScrapProcessing View Post
    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.
    Oh I would love to scrap a whole train!!!! Just for the experience of doing it!!
    Sorry off topic a little...

  5. #24
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    Quote Originally Posted by Mechanic688 View Post
    Around here the price of gas just went up today .30. It's 3.85 right now.
    Jeeze! It hasn't gone below $3.82 here for at least like 2 months or so... I'm jealous

  6. #25
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    Well, the train kept a-rollin', all night long

  7. #26
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    Or I keep a-walking to most the places I go!
    lol

  8. #27
    Copper Head started this thread.
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    wile price's might go down ?
    What I feel I am seeing at my yard is the new pay out policy in action ,the yard pays out live on ALL items - EXAMPLE if I see copper is 3.25 spot my yard is paying 2.25
    Today it's at 3.10 so yards at 2.10 . In the past my yard paid a price on the contract prices set for the month .
    Now I see the warnings of lower pricing are the spill over of the yards upper executive speculation of how they plan to pay the customers . Also could have been a ploy to get some scrappers to quickly bring in more before the so called price drop .
    By the way no major drop in pay out price
    Last edited by Copper Head; 05-03-2013 at 09:49 AM.

  9. #28
    Gangel
    I know I'm an idiot, but huh?

    Someone please help me.

  10. #29
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    I work in the building industry. New housing starts are up this year. Means more metal to be consumed specially for copper. Don't forgot other things can drive prices up, strikes at mines, natural disasters, politics (war)

  11. #30
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    here in South Africa, the rate for steel went up by 30c per kg & shred-which we call sub grade went up by 50c per kg
    i suppose thats the reason why the yards been very busy this few weeks- everyone who had their scrap stockpiled, rushed to take advantage of the increase.

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  13. #31
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    I see E-scrap took a hit since 14 days ago. Must be what Robsrecyling writes about.

  14. #32
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    prices are going up, inflation has finally kicked in and oil/gas is on a sharp increase also, those 2 factors should push all metals values up


    prices have not declined here, shred never fell below $200 ton here
    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

  15. #33
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    here we get $280 per ton for shred & $314 for steel

  16. #34
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    Here is the nail in the coffin, don't pay for scrap and no matter what the prices are, you come out always with 100% profit.
    Your Trash-My Cash
    Yours Truly, TheRecycler:
    RecycleReuseItAll@Facebook.com

  17. #35
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    Wisconsin shred at $230 ton, heavy farm scrap at $250 ton.

  18. #36
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    Shred was at $120 a ton in Austin on Saturday. But aluminum and copper was up by a little bit. I always get .06 or .07 for shred for some reason.
    Made in China, Recycled in the Republic of Texas!

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

  19. #37
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    Quote Originally Posted by TheRecycler View Post
    Here is the nail in the coffin, don't pay for scrap and no matter what the prices are, you come out always with 100% profit.
    Here's the nail in -that- coffin. Don't pay for scrap around here, and you'll be lucky to end the day with half a pickup load of shred/tin, with maybe a couple lucky non-ferrous finds. You'll also have some great days with awesome loads, but those are balanced out by the days where you only end up with an old lawn mower, a dryer, and someone's old 3-spd bike. Nothing left after gas, truck maintenance/replacement, or buying lunch. And we're sure as hell not talking a CoryCouch lunch either. But hey, "it's all profit!", so you're golden.

    Now you take someone who pays for scrap. Many of your days are pre-planned, because you have customers calling you to schedule pickups, where 3-4 stops at most maxes out your truck with nice heavy steel. The same customers who tell scrappers looking for free scrap to take a flying leap.

    So nope, it's not "all profit" for me. But I'm ok with that.

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  21. #38
    Copper Head started this thread.
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    On the fast side - gas and time I put in $10 and expect it to allow me to find material wile I go to yard and back, seem to always find gas $$ at least but one never knows.

  22. #39
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    Quote Originally Posted by TheRecycler View Post
    Here is the nail in the coffin, don't pay for scrap and no matter what the prices are, you come out always with 100% profit.
    And I suppose you would suggest that bakery's do not pay for flour either...If you are going to make a decent living recycling metal, you will open a lot more doors by paying for product.
    Recyclable Material Merchant Wholesaler
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    "Give them enough so they can do something with it, but not too much that they won't do nothing."

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  24. #40
    Copper Head started this thread.
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    Quote Originally Posted by KzScrapper View Post
    And I suppose you would suggest that bakery's do not pay for flour either...If you are going to make a decent living recycling metal, you will open a lot more doors by paying for product.
    Buying product adds stability and helps reduce the luck only method of getting product.
    Last edited by Copper Head; 05-08-2013 at 10:54 AM.

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