Steel prices down at my yard - Page 5

It does to me in a way.

They could lower prices an listen to people ***** an moan when they go back up, or keep it the same an make money without all the *****ing an moaning.

We've seen gas prices dip before same with steel, copper, etc an it usually goes back up. So enjoy it while you can, but by the holidays or the new year at the longest you'll see gas go back up. Wish I could say the same for the metals.

It's easier to lower prices temporarily then it is to lower them for a long period an then try an go back to the higher rate as the normal rate.

I dunno, makes sense in my head!

Sirscrapalot - I could use a beer.

Well, the lower shred prices has finally hit my yard south of DFW. I took a load in two weeks ago and it was still sitting at 220 a ton, took in a load last Saturday and it was 160 a ton. Big drop. I will still continue picking it up and processing it, but I may start sitting on it until the price starts going back up. Will give me several flatbed trailer loads to take in by the time it goes back up and be a good payday.

Originally Posted by wayne1956

I will still continue picking it up and processing it, but I may start sitting on it until the price starts going back up.

I was warned NOT to sit on it because the price is still going down!
Time to sit on it is when the price bottoms out, then wait for it to come back up

If you sit on it now and then when the trailers are full and you have to bring it in >> might be down to $140 a ton

Originally Posted by taterjuice

Give it a while, less someone with less brains and more cash shows up, a week will change most peoples mind. I love getting turned down and then a week later, get a call and my "low ball" offer seems pretty reasonable.

When they call me back after telling me my offer was too low >> It drops another 25 or 50 dollars >> Just cause I can

Just outside of Columbus, Ohio here. We are at $165 gross ton.

Originally Posted by armygreywolf

Yep...sadoff's mill sell price is almost 340 as of today (I texted an employee). I smell alot of funny business. Most yards around here feed sadoff and sadoff is always direct to mill. Local yards are all 135 nt.... I pretty much let it all pile up right now. Side note I paid to fill up the Gasoline storage tanks at my grandparents... 2.52/gal. 500 gallons. Going to wipe that out in three months or so...

But how much are they gonna sell at that price?...they arent sell 2 or 3 ton lol...they are sellin hundreds...huge difference to gate price!

160 nt at FPT Canton, Ohio yard as of 11-8-14. Moved in a steady downward slope from 205 nt mid May 2014. Know your expenses and buy accordingly. Personally I am trying to turn and burn as much material as I can get my hands on and handle as a one man show IF the margins work. Tater said it best.....there is money to be made up or down. Watch your buying to selling spread and keep making bank.

Low pricing tends to cull the lazy and wanabe's for a while. Time to get to work sewing up new relationships and thinking outside the box. Always one eye on the profit margin. And don't be afraid to cut the losers if it's not making sense anymore. Trading a hundy for a hundy back don't put any steak on the plate.

#2 insulated wire down to $.90 lb from $1.05 - $1.00 I hope this steel thing don't spread... They got to keep the granulators going don't they...?

Originally Posted by sledge

Went to my buyer this weekend and #2 went from $1.00 to $0.75!!!
Talk about a swift kick in the apples!

Hell no... I just got about 100 lbs of cords to process to turn in as #2... Guess I need to do them now! LOL