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B-Power-B
Penny Pincher Member
USA
111 Posts |
 Posted - 09/23/2008 : 18:08:36
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I called the two largest processors in my area and they both quoted $75 a ton.
Now after negotiating with them and talking my scrap up, and letting them know Iv got 5-6 tones, I have them at $140 a ton.
Is this consistent for the rest of you?
Thanks guys,
Brian
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Those who trade liberty for security have neither.
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n/a
deleted
91 Posts |
Posted - 09/23/2008 : 20:25:33
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| were down to about 135-140 a ton in mid michigan |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 09/23/2008 : 21:15:24
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The Big Boys in the futures market say China and India are going to push the prices higher.
Do you have the ability or luxury of waiting until the 4th of July? |
There's profit if you melt things!!
8{> |
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B-Power-B
Penny Pincher Member
USA
111 Posts |
Posted - 09/23/2008 : 23:37:23
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4th of July??? Well... To be honest its only in my way, I am not in it any money. It took me 5 minutes on the phone to get the "big boys" aka schnitzer steel, up to those prices. I feel things are low across the board, but I didnt think it would ever drop this low.
If you all think I should sit on it, then I'll pitch my tent |
Those who trade liberty for security have neither.
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byro007
Penny Collector Member
USA
399 Posts |
Posted - 09/24/2008 : 06:37:55
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| right now we are down to 100 a ton for steel in MN. had a high of about 175 |
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n/a
deleted
91 Posts |
Posted - 09/24/2008 : 16:34:07
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| we topped out at around 265 |
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B-Power-B
Penny Pincher Member
USA
111 Posts |
Posted - 09/24/2008 : 19:26:51
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CLWP,
Is that 265 a current price? If so are you doing consistant major weight? Also what part of the country?
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Those who trade liberty for security have neither.
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n/a
deleted
91 Posts |
Posted - 09/25/2008 : 00:08:56
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currently 135 topped out at around 265 over the last few months
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 09/27/2008 : 08:26:21
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| I heard yesterday $3.00 per hundred pounds, but I havent's taken any for about a week. |
Are you throwing that out? |
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bruce hylton
Penny Pincher Member
USA
102 Posts |
Posted - 09/28/2008 : 15:55:11
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| currently 125 for unprepared cast iron and 200 for #1 prepared steel in Olympia wa. I am a regular supplier of 2-3 ton loads. |
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B-Power-B
Penny Pincher Member
USA
111 Posts |
Posted - 09/30/2008 : 11:51:31
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Hey Bruce,
What is considered prepared steel in your (well our) area? I have 5-6 tones and when I called around the highest I got was $140 for unprepared and $200 for steel cut into pieces no bigger than 2x5 feet. The buyer said those pieces would not be required to be sent through the shredder and thus less work for them.
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Edited by - B-Power-B on 09/30/2008 11:52:01 |
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bruce hylton
Penny Pincher Member
USA
102 Posts |
Posted - 09/30/2008 : 17:58:33
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| #1 for export to the overseas maket is 3' x 5' where I sell most of my steel. The #1 for local foundry is supposed to be 18" x 18" x 36" max and all of it must be at least 1/4" thick. If it fits in an oil drum, it is small enough. |
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B-Power-B
Penny Pincher Member
USA
111 Posts |
Posted - 09/30/2008 : 19:15:22
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| I sent you a PM Bruce. Im just letting you know because I always miss when I get new PM's |
Those who trade liberty for security have neither.
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bruce hylton
Penny Pincher Member
USA
102 Posts |
Posted - 10/12/2008 : 13:06:34
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the recession has busted my chops. Steel was dropped to $90.00 ton for the smaller [18" x 18" x 36"]#1 prepared and $45.00 a ton for everything else. |
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simplicitycounts
Penny Hoarding Member
USA
535 Posts |
Posted - 10/13/2008 : 08:57:29
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| I'm getting what Flbandit said, $3.00 per 100 pounds. I brought a load in Tuesday. 3 cents per pound. Mine is categorized as sheet iron, (coat hangers, tin cans, cracker / cookie tins, bolts, screws, etc) They pay more for processed steel or farm equipment. |
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Topic |
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Steel Prices.. I know they dropped but WTF?
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