I didn't sell any scrap last week, but yesterday I sold copper #2, yellow brass and #2 insulated wire. Thirty pounds of #2 copper was paid $1.95, I haven't checked my spread sheets, but think that's $.40 lower than price I got just before Christmas. Yellow brass nineteen pounds was paid $1.45. I don't need to check anything to know that is the lowest in several years! #2 insulated wire fifty one pounds and only paid $.55 a pound (very sad). Told the manager I'm going to sell half and hold half until prices on the red metals start going in the other direction. He told me copper is not bottomed out yet! I sell this same yard all of my 300 stainless and all aluminum. He said Aluminum is down a couple of pennies but holding solid.
Tomorrow I'll make a trip to my steel yard, not ready for that disappointment. I can't see trying to hold piles of steel and darn sure can't eat it, so will need to sell and forget about once WAS! Then again five years ago we were throwing the steel away, I know that was stupid. It will be over 3,000 pounds of steel and 300 to 400 pounds of cardboard, lets see how many pennies difference between tin and cardboard. Need to sell the cardboard because there's a 30% chance of rain on Sunday. Rain is what we need more than anything, so that is good!
Originally Posted by mikeinreco
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