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Ferrous prices are going to tank

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PistoneScrapProcessing Ferrous prices are going to... 05-24-2012, 02:29 PM
hobo finds Just called my yard price... 05-24-2012, 03:37 PM
dmm2442 Thanks for the heads up... 05-24-2012, 05:10 PM
freonjoe My tin prices here have... 05-24-2012, 06:39 PM
c4f5 I have not seen a ferrous... 05-24-2012, 06:53 PM
Rio I got the warning early this... 05-24-2012, 07:25 PM
Mechanic688 I took a small load in on... 05-24-2012, 07:36 PM
PistoneScrapProcessing The mills are still paying... 05-24-2012, 07:52 PM
submarinepainter here I wish it would stop... 05-25-2012, 04:26 AM
mikedmissouri I think its supposed to rain... 05-24-2012, 08:20 PM
freonjoe I wonder what changed from... 05-24-2012, 08:30 PM
PistoneScrapProcessing That was a perspective of the... 05-24-2012, 08:46 PM
Bear i think we're in for another... 05-24-2012, 09:28 PM
freonjoe I would love a long hot... 05-24-2012, 09:35 PM
taterjuice Heard the same thing tonight... 05-24-2012, 10:13 PM
BohemianLush Pistone is a smart man. Get... 05-25-2012, 03:02 PM
waredu What's rain? Is that the... 05-25-2012, 03:05 PM
Mick If prices start tanking, I'll... 05-25-2012, 04:04 PM
BroJer Mick has it right! Never... 05-25-2012, 06:42 PM
corycouch i got the same warning early... 05-25-2012, 04:52 PM
IdahoScrapper I hauled 11,000 lbs in today.... 05-25-2012, 06:31 PM
Dunemaul Im not to worried bout the... 05-25-2012, 09:01 PM
Mechanic688 I still got $230 a ton for... 05-25-2012, 10:16 PM
Dunemaul Were already seeing 2.50 for... 05-25-2012, 10:40 PM
Rio We were talking in the shop... 05-26-2012, 10:36 AM
hobo finds Mine is now down to $200 a... 06-02-2012, 06:27 PM
Bandit I am Not seeing as many ... 06-02-2012, 06:44 PM
happyscraper Around here everything is the... 06-02-2012, 06:47 PM
TexasDeere Here in Houston, prices for... 06-02-2012, 07:05 PM
ScrapperNJ26 My yard went from $260 a ton... 06-02-2012, 07:14 PM
Russell I just took in 2760 lbs. They... 06-03-2012, 09:23 AM
hobo finds $50.00 a ton is a big drop! 06-03-2012, 12:32 PM
submarinepainter I usually get around 85 cents... 06-03-2012, 05:41 PM
Russell I was sick to my stomach.... 06-03-2012, 07:33 PM
Rio Boys tanking may be a... 06-05-2012, 03:02 AM
Mick Think prices are bad? How... 06-05-2012, 04:20 AM
racerboy832 Just Brought 5100 lbs stuffed... 06-05-2012, 06:05 AM
c4f5 Finally took a $25 hit 06-05-2012, 07:27 AM
CFoote time to accumulate choicer... 06-05-2012, 08:13 AM
ScrapperNJ26 Went up yesterday and it... 06-05-2012, 10:03 AM
RustyDollars I'm dumping all my aluminum... 06-05-2012, 11:17 AM
LadyScrappers The big yard today was at... 06-05-2012, 12:15 PM
PistoneScrapProcessing Don't say I didn't tell you... 06-05-2012, 02:30 PM
RustyDollars Yes you did and thank you. I... 06-05-2012, 06:01 PM
RustyDollars It's down to $140 today. I... 06-22-2012, 09:38 AM
easyrecycle Prices here in Dallas on... 06-05-2012, 03:22 PM
taterjuice You all can thank Europe for... 06-05-2012, 05:23 PM
c4f5 I predict $1,000/ton by year... 06-05-2012, 06:41 PM
hobo finds .50 a pound for steel, people... 06-05-2012, 07:42 PM
Mechanic688 Are you talking about... 06-05-2012, 08:49 PM
c4f5 Nope, iron. Just a hunch. ... 06-06-2012, 10:01 AM
HLH&R Metals Recycling $30/nt drop on all ferrous... 06-05-2012, 09:22 PM
IdahoScrapper Sure glad I emptied my... 06-06-2012, 10:10 PM
KzScrapper About 6 months ago we were at... 06-07-2012, 05:21 AM
fulltimejunker I'm new to business so this... 06-08-2012, 08:23 PM
Mick On some scale - yearly. Hard... 06-09-2012, 03:30 AM
BumpRacerX Yep. No need to go all... 06-09-2012, 05:10 AM
01GTB My completely unscientific... 06-09-2012, 07:09 PM
ScrapYaHerd Took in a load today got... 06-22-2012, 03:22 PM
KeyCityRecycling Midwest markets settled for... 07-10-2012, 08:47 AM
  1. #1
    Mick's Avatar
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    If prices start tanking, I'll start beating the bush that much harder. There'll be fewer people out there trying for the stuff. You'll get more for less - or free. Think about charging to take the junk. Then just just keep stockpiling - the prices will come back. And even if they don't, that means the prices for other goods and services will come down, too. I've only lost once that way. That was with several hundred pounds of aluminum I held for three years. Prices didn't go up like I figured. Still didn't lose; just didn't make as much as I figured on.



    Never follow the crowd. And don't panic - think.
    People may laugh at me, but that's ok. I laugh all the way to the bank.

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  3. #2
    BroJer's Avatar
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    Quote Originally Posted by Mick View Post
    If prices start tanking, I'll start beating the bush that much harder. There'll be fewer people out there trying for the stuff. You'll get more for less - or free. Think about charging to take the junk. Then just just keep stockpiling - the prices will come back. And even if they don't, that means the prices for other goods and services will come down, too. I've only lost once that way. That was with several hundred pounds of aluminum I held for three years. Prices didn't go up like I figured. Still didn't lose; just didn't make as much as I figured on.

    Never follow the crowd. And don't panic - think.
    Mick has it right! Never follow the crowd and THINK! Most of us are pretty strong willed people or we would not do what we do. We each have a talent, an opportunity to change with the shift, and the ability to go against the crowd. If we don't, we should be doing something 9-5. In my 56 years I have had ups, downs, much and little. We are here today and that is all that we have.

    Tomorrow, I will get up and take a load across the scale, we are doing a block yard sale, and then I am going to relax. Whatever happens next week will happen and on tuesday, I will get up and do the best I can no matter what the market, or trends, or crowds are doing. Stay focused! There is always a new opportunity...if we don't panic ... and think! Thanks for the words of wisdom, Mick!

    May we remember those that have gone before us and gave their lives, so that we can have the opportunities that we do have, in this country!!

    I pray that you all have a blessed holiday weekend with family and friends! BroJer

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