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wavecrazed
Penny Sorter Member
USA
69 Posts |
 Posted - 08/02/2007 : 07:46:50
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Stainless steel tanks. I was getting .80 to 1.00$ a pound for stainless. Now yards are paying only .43 to .50cents a lb.
scrappin" all over
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/02/2007 : 10:41:09
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quote:
Originally posted by wavecrazed
Stainless steel tanks. I was getting .80 to 1.00$ a pound for stainless. Now yards are paying only .43 to .50cents a lb.
scrappin" all over
Mind if I ask what kind of stainless steel tanks you are talking about? I wish you were in my area as I would love to buy one off you if it were the right size. I would be happy to give you that $1.00 a pound too.
You might be able to find another market for them other than scrap. If not, don't be surprised to see the price go back up for stainless scrap later this fall.
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Fanaticism is doubling one's efforts, yet forgetting one's purpose.
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 08/02/2007 : 17:35:48
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You must be logged in to see this link.
As goes the price of nickel, so goes the demand/supply/price of stainless.
That is one reason I post the news & stories from the steel site on bullion news, As substitutes for stainless increase due to higher steel prices, the price of nickel and scrap stainless decline. Right now there seems to be a it of a glut on the market (summer slowdown in manufacturing in europe, Chinese increasing output from home grown raw materials, etc.)
Like all metals, there seems to be a whole lot of volitility in the market for darn near every metal.
I should have chosen "Cut-n-Paste" as a forum name, since that is what I do, mostly. |
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wavecrazed
Penny Sorter Member
USA
69 Posts |
Posted - 08/03/2007 : 06:50:44
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I meant that the price dropped, "tanked" went lower. Beer kegs do make some good beer brewing vessels though.
scrappin" all over |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/03/2007 : 20:59:12
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 And here I thought I was on to something.
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Fanaticism is doubling one's efforts, yet forgetting one's purpose.
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Price of stainless drops a lot.
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