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Falling Scrap Iron prices

Discussion in 'Recycling' started by Old Doug, Jan 22, 2015.

  1. AllDodge

    AllDodge Senior Member

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    I really need to get rid of all the stuff I have piled around. Have rails, pads, sprocket segments and bolts from replacing the 955 last year. Two grills, hot water tank, complete 3 tom AC system, and a 30 pounds of misc copper. Never have brought in large loads of iron and such.

    Biggest thing I run into, is the guy which is close to me offers half or less then a guy 30 miles away. Could load in the dump truck and hope it doesn't get hung up coming out the gate, or load on my tag and pull with the dump
     
  2. Old Doug

    Old Doug Senior Member

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    Some times its not clear were a guy can haul more miles and make it work.At one time i was going to the far away more money place with every load even if i didnt have a big heavy load in the long run it worked out. I havent been going out of my way to find scrap to haul but i got a call about some light stuff 2 loads . After i started i thought i should have turned it down but i was only 2 miles from a place i could sell it to so in the end i mayed $50.00 a hour and got 2 drills one i fixed the other i may have fixed wilwaukees free.
     
  3. Old Doug

    Old Doug Senior Member

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    The price has come up some its around $135.00 a ton on car bodys. I was told it would come up some more. I started hauling i dont want to take a chance on it going up then have it go down. Now the price has went up my truck has a head gasket leaking antifreze to the out side about half quart every trip and the weather has turned cold.
     
    old-iron-habit likes this.
  4. PJ The Kid

    PJ The Kid Well-Known Member

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    Place out by me is running about $155.00 a ton
     
  5. hosspuller

    hosspuller Senior Member

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    Around here... Shredder steel $6.25 per hundred weight or $125 per ton
     
  6. Old Doug

    Old Doug Senior Member

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    If i know what was going to happen and it was going to be up i would buy a truck and trailer. I would like to get deeper or out of the scrap trade.
     
  7. John C.

    John C. Senior Member

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    Last time the scrap prices got real high the big recession hit. Gas prices also hit almost $4 a gallon. Scrap seems to be getting better money now days.
     
  8. Old Doug

    Old Doug Senior Member

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    It didnt fill like a recession to me i was thinking about a small safe to put in my pickup i had a problem takeing time to go to the bank. The $4 gas was a deal i made sure i had $200.00 on me every morrning to keep 2 pickups going.
     
  9. old-iron-habit

    old-iron-habit Senior Member

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    I am waiting for that $200 a ton for anything to come back. I have a half dozen big loads of heavy torching to get rid of. I have patience.
     
  10. AllDodge

    AllDodge Senior Member

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    I to have a few loads, and sure hope it comes back
     
  11. DARO

    DARO Well-Known Member

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  12. old-iron-habit

    old-iron-habit Senior Member

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    Last I hauled a few years ago was to Pine City. I took a bunch of copper and aluminum to Duluth. I don't like going into Duluth with ugly loads of burnt up slasher truck parts and turret. I can take the old highway to Pine City. Also been checking with Mora. A friend got a premium there when he committed to multiple loads.
     
  13. Old Doug

    Old Doug Senior Member

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    The price has come up i have been trying to haul 2 loads a week but as luck would have it theres alot going on and i dont want to buy more but every ones calling wanting to clean up.
     
  14. td25c

    td25c Senior Member

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    Good thing about scrap iron is it aint perishable . If ya don't like the currant rate just wait a few years for it to come back .
     
    old-iron-habit likes this.
  15. catman13

    catman13 Well-Known Member

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    oregon usa
    got to be careful , store it to long and you loose weight from rust :)
     
  16. Birken Vogt

    Birken Vogt Charter Member

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    Do you all have a suggestion for a web site where I could track the market rates? I have a lot of

    Iron/steel
    Copper
    Lead

    and a little

    Aluminum
    Brass
     
  17. John C.

    John C. Senior Member

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  18. John C.

    John C. Senior Member

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  19. Wes J

    Wes J Senior Member

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    I've found that scrap prices vary wildly by location. I have a chum in northern Ohio near some of the larger steel mills. He consistently gets 50% more than I do, sometimes more.

    There's 3 large yards in my area and we have a wire mill, but our prices are always lower than I hear from other guys around the state.
     
  20. gruntscoreboard

    gruntscoreboard Well-Known Member

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    That's true with scrap iron.