Prices are falling fast for next months ferrous market - Page 4

Moving weight again this month back to September prices well almost Sept. but close enough. CHOOOOO CHOOOOO. Smoking locomotives the last few weeks. There making there last stop. I read the report of the last train I cut up and it said it was all over Mexico. Crazy how many miles they put on these things!!!

why are they scrapping perfectly good locomotives ?

Originally Posted by street_sweeper

Out here on the west coast the yard I've gone to this summer has been like a ghost town and the yard worker said offshore demand has 'dried up' . They are down on the waterway where they load 10,000 ton loads on barges and haven't seen any barges getting loaded. There are a couple really nice piles 50' high sitting there just not moving.

China probably owns so many iron ore mines it no longer needs(or wants) to buy it here, until things get so tight we're willing to give it away, just to get rid of it. I noticed a sign on a yard near here lately says "NOT buying Tin/Iron as of NOV 1 Until Further Notice"

I just got a text message from my buyer here in Iowa and he said up $30 on shred

Pistone, Getting closer to the end of the month.. Whats your prediction for next month?

Shred is actually up 60$ ton here. Sitting nicely at $ 200.

Since we are so far from our market, slight changes to the prices make a big difference here.
Same with the exchange rate from US$ to the Kiwi$, thats stayed at NZ$ = US$0.81cents for the last 5 months.
NZ iron prices.
Heavy Steel NZ$240.00 = US$200
Lightgrade No.2 NZ$150.00 = US$120
Car Bodies NZ$90.00 = US$75

Scrap Metal Price, Pricelist - Metalcorp NZ

Right now I am hearing a strong sideways, so that means it will probably be up when its all said and done. Better than hearing a down market.

Got 205/ton today for light iron(shred)

Got 220 a ton today in central Florida. Very happy I sat on the pile for a few weeks.

195 for shred, 210 for clean car bodies, prices are going up

Up again next month. The winter bump is going to start to set in.

Price jumped here, 210/Ton at start of nov. and today at 230/Ton for shred.

taking a 4 ton load in tomorrow for $210 per ton

200 a ton and going up here in west FL.

Originally Posted by jghilino

taking a 4 ton load in tomorrow for $210 per ton

well we ended up hauling the load to a different yard than we usually use today, it worked out for the better though, 2 tons of shred at $205, 2 tons of clean car bodies at $235