I Got X.XX For Shred Today - Page 29

Originally Posted by CopperMiner

In date of today, shred is CDN 130 / mt (USD 110 / ton) and it is totally DEAD in the yard.

We are holding at 115/ton for shred and 160/ton for clean steel. same here with traffic at the yard, dead. But i still see scrappers all over the place but not as much as before.... where are they selling? or are they hoarding their steel LOL Those silly scrappers

Holding at $120/ton shred at Sioux City. Also very quiet with not a lot of stock sitting at the yard.

Local commercial pricing is between $85-125/gt for shred. Cast Fe varying wildly between $145-280.

Shred actually went up 15/ton. now at 130/ton.

Sitting at 130/ton here. Asked the mgr about steel pricing for Oct. He said down. not surprised, steel always drops in October

Still sitting at 130/ton, but word is steel is suppose to be dropping this week 10/ton or a whole lot more. "or a whole lot more"...... that don't sound too good......... Sell sell sell

Well buddy was right... he's always right, anyways.....

Shred down 15/ton, now at 115/ton

Other yard down 20/ton, now 105/ton

In Sioux City, shred is at $100/ton and there's talk of it going to $90/ton for November.

Originally Posted by Hillbilly94

In Sioux City, shred is at $100/ton and there's talk of it going to $90/ton for November.

I asked the yard mgr about Nov pricing. He said they are waiting till next week to drop the price but he dont know how much of a drop the owner is going to say. The other yard already dropped today. Down 20/ton. was 105, now 85/ton

The steel drop happened today.... Also hearing Alum commodities may drop this month too.

Shred down 15/ton. was 115 now 100/ton
Clean Sheet down 20/ton. was 150 now 130/ton
HMS/Cast Down 20/ton. was 140 now 120/ton
Auto cast down 10/ton. was 200 now 190/ton

Well, if there are any scrappers still on this site..... shred is at 215/ton in Chicago heights Il

https://gotscrapchicago.com

Non - ferrous prices have been trending up in this area. Been cleaning out the shop this past week because i expected prices to start dropping as well.

Not sure though .... inflation should put upward pressure on scrap prices at some point. The other thing is that the war in Ukraine is still dragging on. Word is that the Russians have over 90% of their army deployed in that region and they have expended much of their munitions supply. Many of their tanks have been destroyed by the Ukrainian military. The Russian version of a war department is being criticized for not re-supplying the army quickly enough.

That should create more global demand for brass for ammunition and steel for tanks.

It's kinda like what happened to scrap prices when our war in the middle east was raging on.

I know it's a little off topic.

Just checked the LME warehouse levels for copper. It appears that they are at a 5 year low.

There ought to be some kind of a metric out there for scrap steel in stock. Would suggest keeping an eye on that. A critical shortage there will eventually drive the price per ton of shred up considerably.

Originally Posted by hills

I know it's a little off topic.

Just checked the LME warehouse levels for copper. It appears that they are at a 5 year low.

There ought to be some kind of a metric out there for scrap steel in stock. Would suggest keeping an eye on that. A critical shortage there will eventually drive the price per ton of shred up considerably.

Well we got a .25/lb bump on copper today so its trending up