If the current trend holds true, aluminum is the metal of the future on cars and light trucks .
Edit: that picture above is of pipe 5+ years old. Some of that pipe may need replaced due to cavitation ( rust pits ) .
Cash In The Trash
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If the current trend holds true, aluminum is the metal of the future on cars and light trucks .
Edit: that picture above is of pipe 5+ years old. Some of that pipe may need replaced due to cavitation ( rust pits ) .
Last edited by RLS0812; 01-25-2017 at 04:31 PM.
If you have scrap . SALE SALE SALE Three different buyer have dropped my prices. The export markets on the coast are talking down as much as $ 70 a ton down . For Feb
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That was last week on the 20thOriginally Posted by JohnC4X4
Today >> 1-26-2017
Prices dropped another $20.00 a ton
Currently at $70.00 a ton
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East coast export ferrous prices took another 30 dollar tumble recently.
Most of the buyer are guessing 25 to 30 down . But could be 30 or 40 down .
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I took 380 pounds of shred today to get some stuff out of way. $.045 / pound.
I Got $105/GT today and it has been that price since early December.
I'm going to recycle the world.
Metal Recycling Entrepreneur
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New pipelines and a big wall on the border...Small potatoes. These things will have no direct effect on iron prices.
Aluminum for cars... Producing aluminum uses A LOT of energy. The extended low prices in oil makes aluminum production relatively cheap. If oil continues to be cheap, sure, car bodies can go that way. If oil spikes, most car manufactors (sp?) will abandon the idea..
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Not if they make them aluminum car parts in Mexico
Cash In The Trash
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There is only 2 working aluminum refineries in the US at the moment ...
China, India and Australia has the most active.
The Hammer fell today! Light Iron dropped to $85/GT it was $105/GT on Saturday. Ouch!
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Yard said prices will drop here as well tomorrow for steel
Metal Recycling Entrepreneur
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I want to bring up my own quote (even though it is not thread related(my bad)). In writing this ^^ I probably pointed out my own ignorance. A lot of cars will most likely have aluminum bodies and other parts as part of a global effort to reduce greenhouse emissions. As I'm sure you all know, aluminum will lighten the weight of the car, therefore reducing gas consumption, and in turn create less exhaust. Even if producing the car with aluminum costs more, the car companies will pass the cost onto the consumers. Also, I don't expect oil prices to move much either way for a good while. Oil is pretty stable.
In these days of fake news, I want to do my best to point out factual information. (Although predicting the future of cars is not so factual).
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Sheet iron went down $15 a net ton here
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