I'm dumping all my aluminum this week. Market for everything is getting too finicky.
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I'm dumping all my aluminum this week. Market for everything is getting too finicky.
If it wasn't for the $ in $crap, it would just be.....
Metal Recycling Entrepreneur
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The big yard today was at $190/ton and falling, and my local yard that doesn't shred is at $140/ton and falling
Don't say I didn't tell you so. You had a week and a half to get it while the getting was good. Its so volatile right now it is going to drop more. Whoever your selling to might just drop it at a dimes notice even in the middle of this week or next week. I just wonder what next month holds?
Prices here in Dallas on scrap metal is still going strong but I have seen a slight shift in pricing and how hard they are hitting it. But Dallas plays a huge roll in the scrap market so we hold out better than some of the smaller towns/citys.
Rural scrapper
You all can thank Europe for these Crappy prices, but least gas is a Lil cheaper
Alvord iron and salvage
3rd generation scrapper and dam proud of it
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Yes you did and thank you. I dumped almost a ton of tin last week at $180, it's at $160 and falling this week.Originally Posted by PistoneScrapProcessing
Metal Recycling Entrepreneur
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I predict $1,000/ton by year 2020. No basis...just a gut feeling.
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.50 a pound for steel, people will take your mailbox at that price. But by 2020 I am sure we will have no mail service! LOL
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Are you talking about copper?? Wouldn't doubt it,,,
P & M Recycling - Specializing in E-Waste Recycling.
If you enjoy your freedom, thank a vet.
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$30/nt drop on all ferrous grades in Dallas. I'm expecting sideways or lower next month as well.
Metal Recycling Entrepreneur
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Nope, iron. Just a hunch.
1,000/ton for copper would be a pretty serious drop.
Sure glad I emptied my inventory (mainly steel/tin & aluminum) before I left for Colorado. All I have now is the haul Hoss and I got.
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About 6 months ago we were at $160 a ton here...went up to $260ish and now settling somewhere in the middle. All part of the law of averages.
Recyclable Material Merchant Wholesaler
Certified Zip-Tie Mechanic
"Give them enough so they can do something with it, but not too much that they won't do nothing."
Metal Recycling Entrepreneur
I'm new to business so this maybe a dumb question...but, how often does this happen? Any idea how long it'll be before it rises again?
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On some scale - yearly. Hard to tell, but it will.
People may laugh at me, but that's ok. I laugh all the way to the bank.
Yep. No need to go all chicken little. This was the longest that I can remember it going into the summer without a small correction. We dropped $50 a ton (or 20%) in the past couple weeks. I can remember years when it dropped 50% or more end of spring, first of summer. It's a pretty normal thing, up here anyhow.
Metal Recycling Entrepreneur
My completely unscientific observation in recent years:
When gas prices drop dramatically, so does scrap.
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It's down to $140 today.
I unloaded my cast Al last week @ 0.55 which is 0.50 today.
I got rid of my aluminum wound motors today @ 0.25 which is going to 0.23 tomorrow.
I took in all the batteries also today @ 0.25 because who knows what they'll be next week.
Anyway thanks to the OP for this thread as it gave me the kick I needed to stop hoarding and start selling.
Power cord power ranger
Took in a load today got $.33/lb for batteries, someone quoted us too high. Same yard was paying $.07/lb for shred. The yard we took our shred to payed $.09/lb usually prices here are $.09-.10/lb. All other prices are unchanged over the past month for the most part.
Metal Recycling Entrepreneur
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Midwest markets settled for the month of July and everything is down $45.00/GT across the board. If your prices haven't dropped yet this month I would be expecting them to.
Hopefully this is the bottom. Some I have talked to have said they expect an uptick in the market for August. I hope they are right.
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