Hmmmm maybe he was really practicing his bowing and curtsyingQuote:
Originally Posted by Tcgs
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Hmmmm maybe he was really practicing his bowing and curtsyingQuote:
Originally Posted by Tcgs
If the housing market is getting better, then prices for steel will go down rather than going up, because people are spending or investing more money on housing rather than steel and other metals
My problem with the statement is that thse markets are not as linked as u think. if housing and steel have an inverse relationship than steel would have been getting cheaper as housing has grown over mant decades.
It is a good theory but only true in some I stances or short periods of time.
no offense, but house are typically made of wood, gypsum rock (most of which comes from Michigan) and other materials not related to metals, unless you want to include copper. Again no offense! You do seemed informed and I respect your opinion.
Let me add a final thought. It's simple budgeting. Access your needs and wants, cut all unnecessary spending, get over wasted habit like smoking and instead of seeing a drop in revenue, you will have an increase.
!50/ton in Flagstaff from a high of 200 two months ago. Just turned down some metal because couldn't pay what was being asked. Not overpaying again. Someone says it has to do with this quarter so if anything things may get better at the end of this quarter if not then this may last awhile. I remember last year the prices were doing the same plunge but I wasn't doing HMS last year. So I will stick to more profitable and steady products. Peace.Quote:
Originally Posted by hobo finds
130/ton for shred and 186/ton for prepared/heavy iron. This is in Oroville, CA. They sell direct to China and the word is sometime in July prices will rebound. How much is unknown.
Hope your right bout that, don't mind taking a month off but after that I get stir crazy !Quote:
Originally Posted by CollinsHaulin
I have also heard of a possible rebound in July...Fingers crossed. Street is about $140 Ton in Denver now.
160 per ton here yesterday...only down $10 since May. Everything else is in the crapper though....lol.
I heard this RUMOR that we were supposed to get a "June Jump" and it has not come. Called 2 yards for a run today- $180/ton and $200/Ton.. Took my trailer load of freebies down today and netted a banging $132 at $200/ton.. Bright side is it was all Free, I'm really not hunting cars right now unless they are dirt cheap!
https://sphotos-b.xx.fbcdn.net/hphot...07554922_n.jpg
A june jump would be great. #shrinkingmargins
I think the steel market is at or near the bottom. I don't think that prices will continue to drop because the mills still need the inventory. Eventually they will have to pay more because no one will be scrapping and/or they will hold inventory until prices rebound. If we don't see an increase in July you can bet that you will in August.
If this price drop continues to weed out my competition, it can stay like this til October for all I care ! Don't get me wrong I'd rather it be up but low prices tend to weed out the weak and dishonest. And since I have a full time job that more than pays the bills I don't have to haul anything to survive !
Couldn't have said it better myself Tater! Rowing that boat with you!Quote:
Originally Posted by taterjuice
So far my July prices are pretty much right where June has been all month. However,! I did make a new contact with a different yard. They are really trying to win my business. Offered me 185/shred 195/cast iron 230/short#2 22/Long #2. Still its not the 200/ton I was accustomed to.
$140 a ton for sheet iron in So. AZ
I had to look this up, seeing 'Oro' means 'Gold'Quote:
Originally Posted by CollinsHaulin
Oroville, California - Wikipedia, the free encyclopedia
Cizia Zykė - Wikipedia, the free encyclopedia
Cizia Zyke wrote a book about his Gold hunting in south America called 'Oro'. Its one of my 'best ten books ever read'.
http://thecubelb.files.wordpress.com...pg?w=240&h=354
Thats a big cigarette....
More stuff, in French, good reason to learn French. http://ciziazyke.wordpress.com/
i see some factors in play that have me worried about further decline in metal prices and availability
1. DOW AT 15,000 on 7%+ unemployment
2. dow bouncing above and below 15k for the last 2 months (triple top chart formation signaling a break to the downside)
3. crude oil passing $100 and staying above it, makes it more expensive for yards to export steel, makes yards overhead costs higher resulting in lower payouts to us
4. higher unemployment = more people scrapping = less scrap for us
5. bad jobs market causing people to not make major purchases = less scrap for us
6. obamacare = yards required to pay for health insurance for there employees= lower payouts to us
The steel prices have been pretty steady here in Waterloo, IA. In my situation I just use the steel for tool money. I do a large majority of e-waste. I fill 1 to 2 steel dumpsters a week. For me that is between 2 to 4 tons.