Down 25% at CAD 150 / MT today. Local prices went up after everybody else, but they were faster to fall. By the time of the year, a price drop was expected, but I suspect another decline to follow.
Metal Recycling Entrepreneur
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Down 25% at CAD 150 / MT today. Local prices went up after everybody else, but they were faster to fall. By the time of the year, a price drop was expected, but I suspect another decline to follow.
NEW TO SCRAPPING? READ THIS: Build up your horde of magnetic and non-magnetic metals in two piles until you have a better understanding of the business. Magnetic material has low value and is mostly always steel / shred / short iron. Read old threads about non-magnetic metals and ewaste (and how to sort them), but don't forget that they generally have absolutely no tolerance for contamination (screw / iron / foreign material).
New Guy
Prices normally drop into Summer for one major reason. Auto makers typically shut down for a month every Summer for re-tooling. During that time they do not need iron, etc., so why buy any?
Metal Recycling Entrepreneur
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Also, there is more shred entering on the market after the snow melt, thaw weight restrictions are over, spring cleanups are done and building construction returns to full throttle. Many factors to the supply and demand equation.
Metal Recycling Entrepreneur
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Ive been getting 8 cents/lb consistently for a few months, 10-11 for heavy steel
Thornton Scrapper
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Another drop for steel prices
Shred down 40/ton. now at 195/ton
Clean sheet down 40/ton. now 240/ton
HMS down 40 also. Now 230/ton
You're more or less where I'm at now. Until next Tuesday when our price drop goes into effect lol. Probably down fifty come Tuesday. Except cast has stayed strong. $310 currently.Originally Posted by greytruck
Thornton Scrapper
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I think they dropped their price to early. The other yard is still at 235/ton for shred. But i had clean sheet so i got a extra 5/ton..... WOW!!! LOL
Experienced Scrapper
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Sioux city is at 175/ton, expected to go down Wednesday (5/25) unknown how much though
Metal Recycling Entrepreneur
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In Montreal, shred is stable at CDN 150 / mt (USD 106 / ton) and copper is up by 20 cents.
Pulled in a big cleanup around 300-400 tons of unprepared industrial equipment today that requires torching so called my buyer and SURPRISE! My price is going down early too LOL
Thornton Scrapper
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Thats taking a big hit with that much weight. Bummer
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Down today $10/100 shred....where is the bottom hopefully not to far
BUYING ALL COMPUTER SCRAP WORKING OR NOT
CHECK OUT MY BUYERS THREAD http://www.scrapmetalforum.com/scrap...nic-scrap.html
https://getjunk.net/Knox-County-TN-0...Recycling.html
It's up in the air at the moment whether we sell as planned or I torch it myself this weekend and sell as HMS instead (and since it's all industrial equipment, get the benefits of the radiators, harness wire and such). Will update, with photos if I end up torching it. By a couple of country miles my largest steel transaction so will be something to learn from for me anyway.
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You are quite the beast sir....torching 300 tons of scrap in a weekend
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Oops
Thornton Scrapper
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Shred down another 30/ton. now 165/ton.
Oof. Still at $170 here with a drop pending
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$150/ton at Sioux City. Down from $175/ton
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$9/100lb in Knoxville today for shred
Thornton Scrapper
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Shred holding at 165/ton and clean steel 210/ton for now. Heard its not looking good for July, sell sell sell
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