Scrap Metal Price Dropping - Page 3

I don't take that much light steel in but for the last year and half when I've done it "tin" shred at the only place that takes steel in my metro has been between $90 to $115 a ton. Currently today its $90.

Patriot76 and pjost are within driving distances of two other yards owned by the same company so it would be curious how they compare. But those guys I think deal with much heavier grade steel (like old farm machinery) and that is considerable more than "tin" but I'm sure still well below the Midwest/Northeast manufacturing belt region that many of you all live and sell in (pays to have end users and/or closer to export facilities of scrap than here in the old middle of the USA away from big metros).

the price of steel dropped last month & when i went to the yard today, i see its gone down again.
reaching a stage where it wont be worth it to make a trip to pick up steel scrap-after factoring fuel costs.

even copper took a BIG drop.
i got R61 per kg last week
today it was R51- thats almost 1US$ lower in one week

We're holding steady here in Wyoming. My yard is at $0.03 per pound on steel. I'm 50 miles away from them. I can't make that pay at all. The stuff is sitting here waiting.

The only other price I know is for "Appliance-Grade" scrap. That's washers, dryers, computers, printers,... That's currently at $0.05 per pound.

The lady at my yard told me that prices won't rise here until the cost of fuel does. I'm not sure which is the better option.

Steel is $.07 per pound here in Oklahoma City and $.06 in Memphis.