Steel prices down at my yard - Page 10

Originally Posted by lukelona

Ok, Thanks guys.
I was just wondering if anyone's heard something that I haven't.
After all, that is what this forum and section are for right?

It just sucks price this low people don't like "giving" their car away for $100 or less.
It's hard enough to get them to take a couple hundred usually. (when steel was $8/100)
Ah well, hopefully they adjust soon after they start comparing prices and seeing that your not lying when you tell them it's at 7-8yr low! Lol

My customers have been saying competitor prices are $50-$75 . So that's a start I guess.lol

Good luck to all fellow scrappers at this rough time. Let's cross our fingers for a spike up soon. (man I miss the $14/100# days)

There are recent threads discussing this topic. Yes that's what this forum is for,but it helps to do a little research before asking a question. Believe me, you will get much more out of this forum if you utilize the search button.

Originally Posted by taterjuice

Let the purge begin ! Aside from non ferrous and maybe car batteries, which has even taken a hit lately, Im in hoard mode. Aside of vehicles not paying for ANYTHING !!! I hope to be sitting on a mountain when price comes back around. And yes this does take me back to '08.

I am too! Starting yesterday. 07-08 was horrible and then we had a crazy spike in steel price.
I do mostly cars, occasionally do big scrap cleanouts. But deal with steel mainly.
I'm also taking all wire harnesses now because it's kinda slow right now so I have time to process them further

Originally Posted by junkfreak

There are recent threads discussing this topic. Yes that's what this forum is for,but it helps to do a little research before asking a question. Believe me, you will get much more out of this forum if you utilize the search button.

Apologies sir. I will do just that from now on. I'm new to the site and I'm not to familiar with forums. I'm a good car guy, not so much with computers lol

Geeze, its time to rent a storage lot. Just got a text that 2 of my yards are dropping to 65.00 a ton.

Shred is still 180 a ton here. I hope it stays at 180 until I can get there on Saturday. By then I'll have between 1000 and 1200 pounds that has to go.

Here in Houston, my yard has been paying $0.065 a pound for 2 weeks now. I took in 2100 lbs today and it is still holding at that same price. Whole cars pay half a cent more per pound. I started scrapping in 2006. I hung in there through '08 when prices went down to 3.5 cent a pound. Hope it does not get worse for me.

Originally Posted by newattitude

I was working at the other yard today and that boss told me he heard steel is going to drop another $30.00 ton next month. Now, I don't know if it will happen or not but I think I'm going to turn in anything I've stockpiled just in case!

Its kind of a catch 22 situation with steel. I was on the fence about hold or selling.
But circumstances ended up dictating that I hold on to it. But I have a place for it, everyone has their own unique situation. I don't pay for steel so its not like I have to keep it moving.
But totally understand the panic with prices dropping.

One lesson I learned in school about the "Great Depression", the smart ones were buying not selling.
I believe opportunity is knocking for those that are in a position to take advantage of these low prices.
Just one mans opinion....

Went to the yard yesterday with alum cans and other misc items(No Steel). Shred was down to 100/Ton, Amazingly elec motors held the same all this time at .22/Lb. I was expecting about .10 to .15 for the motors.

$6.50 per 100# for shred
$2.00 # for #2 copper went up $.10

Took a load in this past Monday here in Tucson, Az. Iron/Steel $30NT ($0.015). Just a Skeleton crew working at the yard because of layoffs due to price drop.

Checked in at the local yard(Southern Maryland) this afternoon shred is $3.50 per #100lbs and that was the good guy we're looking out for ya price other wise a straight $3.00 per 100lbs
They believe scrap steel is going to hit below $2.00 per 100lbs.
Welp, I'll keep piling it higher until the goverment shows up to make me install a flashing light on top so airplanes don't hit it
On a brighter side copper is starting to creep back up.........

Today the local shredder yard is paying $145 per net ton ($0.0725 lb) for light iron/shred.

Other yards in the area are paying from $90 to $120 per net ton.

You're complaining? $80/Ton isn't too bad. We only get $30/Ton here.

I would have received $7.50.

matador: "I have to give people a hard time!"