Steel still sucks! But hopefully looking a little better soon... - Page 5

So what happens when yards get no steel? Will that force the price to go up? This is going to get ugly, but how long can it go on?

Took in a load yesterday of 1600# of shred. Holding at $0.0375 a pound. The yard was pretty slow as the pile was kind of small and only 2 other scrappers there. I am just hoping it does not go lower.

Called 13 scraps yards in my area, price range for sheet iron $10 net ton to $40 net ton!
1 yard at $10
2 yards at $20
7 yards at $30
1 yard at $35
and 2 yards at $40

Originally Posted by PistoneScrapProcessing

@steelmill I actually think it's gonna be 2017 before it goes up again. @taterjuice some people act like they have never seen prices this low. Most people on this forum weren't scrapping in the 80-90's and remember prices like this. Knowledge is power and those who have it will survive.

Back '94-'95 when I was still in high school steel was $20/ton. But gas was only 95 cents/gallon, unlike today.

Even with the cheaper gas and lower cost of living we still waited until we had enough to make my buddys 3/4 ton pickup squat before we took it in.

Shred down to $50/Ton. Auto Cast at $150/T

Clean sheet iron $.029 lb........

Took a car load of "tin" and 3 appliance e. motors in today before work to the new yard 3 miles from my place. Still a penny a pound for the steel (at least they're buying) and 8 cents a pound for the EMs. I would still have been about a buck short paying for my breakfast sandwich and OJ after dropping the one kid off at school if I would used what I got. But the storage unit is getting emptier!!

P.S. I took the brakes and gear de-railer (a Shamino) off of the curbco no-seat bike that was part of this load and in the unit. If I can sell the bike parts on ebay and make another Abe or so after costs, I could have 2 breakfast sandwiches and bottles of OJ

Where I go it's still $80/NT. Has been since the summer. So I'm not complaining after seeing what other on here are getting. Good Luck!

Accepted some donated shred and small amount of prepared type iron and some that qualified as long iron (machinery). I sorted out some alum. and copper wire and a couple of keepsakes. Expected to go to my regular yard but called ahead. First time I ever heard them say they will accept shred but won't pay for it. Longiron bid is only $15/ton. Called the yard 100 mi. down the road and they paid $50/ton overall. Big check of $106 less $45 gas/wear and tear. A friend said that if I'm losing money, I need to get a bigger truck. Ya...okay LOL

Good news was that they will accept propane bottles if they're shot full of holes. I have a number of those 100 lb bottles and a few small ones.

Might have to find a new hobby like exploring with my metal detector or playing with the game camera. I feel sorry for the guys who need this to make a living.

@ PistoneScrapProcessing Keep in mind everything is twice as expensive as it was in the 80's. Yeah I talked to her yesterday about economics and she was saying it would be something more like late 2016, she just keeps track of things as a hobby now, since she's retired.

So far as selling metal goes, it's just collecting in piles at my yard and non-ferrous is sitting in my warehouse. It's a sad state of affairs when the only reason I might sell anything is to de-clutter a bit. I HOPE it doesn't last until 2017.

light iron back to $67 / Gross Ton in Albany. Hopefully only the start.

prepared now at $63 net ton.... $92 drop from jan.