So I am a newbie to scrapping, came here looking for some advice. I had around 200 lbs of steel and got about $10 for it. That must be some kind of mistake? Can anyone tell me the going rate for steel. Thanks in advance!
- Steel Scrap Price Help
New Guy
So I am a newbie to scrapping, came here looking for some advice. I had around 200 lbs of steel and got about $10 for it. That must be some kind of mistake? Can anyone tell me the going rate for steel. Thanks in advance!
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.05 a pound for steel (depending on what it was)...if shred, then yeah, not a bad price. Here the thing....unless you are moving tons and tons of steel...it is not worth the time or effort generally...in my opinion. EVEN in the BEST times, you would have gotten $20 (.10/lb) period. Now this is assuming it isn't heavy melt or a higher grade of steel. Those prices were for shred type steel.
PROFIT is made when you BUY/ACQUIRE NOT when you sell
New Guy
Well it was mostly workout equipment not sure what kind of steel that would be. (not plates).
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You got a workout and made $10! Yep if any plastic wood etc. it would be shred
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10 dollars sounds about right.
Metal Recycling Entrepreneur
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Just cashed in 1700lbs....and a few bucks of aluminum and auto cast. 140. Prices suck
Hope you didn't pay for the equipment
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OH just realized you are Canadian...wonder if it was $10 US or $10 CA....and not sure the pricing differences as I never had cause to sell in Canada.
Keeper of the Cooler!
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If it was Canadian pricing...he would have made an extra 3.19. According to the oracle known as Google when I asked.
As the others said...that's about right for the current market. Exercise machine stuff can be good money but you'll likely have to clean it up an separate parts. If you just drag it in, an drop it in the pile = not much of a profit.
An again as the others mentioned...Shred/regular old steel...isn't the way to go unless your moving large amounts of it. One of the reasons I moved on to focus on ewaste vs shred. I ain't getting any younger an that **** weighs a good bit. LOL.
Good luck.
Sirscrapalot - Keeper of the traveling cooler.
Metal Recycling Entrepreneur
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An extra 3.19 is that the difference in exchange rate? Our prices up here seem to have been paying better over the last 2 years or at lest yards close to the major city's.
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I would grab everything you can get at that price even so grab everything or someone else will lol
Metal Recycling Entrepreneur
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We haven't been at a nickel a pound for "tin & wire" (what light steel is called here) for a year or more but then again I don't track it every week. I'm kind of in the same place as the OP when it comes to light steel, stuff mostly coming off of electronics I scrap. I get a little less than 200 pounds in my car but the steel yard is only 3 miles away and its big and roomy so I don't mind. I got 3.5 cents a pound (S70 a ton) in July but got burned on Friday. I called on Weds. and they were at $50 a ton but when I took my little load in Friday (now in Sept.) it had dropped to $30 a ton (a penny and half a pound). I know its been talked about before that prices often change at the beginning of the month because the yards have new contracts to fill but I didn't think about it. Now I will. I think I'll get a second big trash can on my side of the garage to have more room to place such light steel and don't take in for a while. My dink factor is really low compared to some people but even I have a threshold of where it truly sucks and won't do it...
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