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Falling Scrap Iron prices

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

  1. DMiller

    DMiller Senior Member

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    I only made two loads when scrap crossed $250/ton, have managed to catch a few instances over $140 recently but the average stays low anymore. Can remember scrapping for extra cash in '76, three of us made $10,000 clear in a year thought we were pooping in the Tall Cotton back then!!
     
  2. Old Doug

    Old Doug Senior Member

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    How much was it in 76 ? If it would go up close to $ 200.00 i would sell alot of prodject stuff but i cant see that happening.When i started it was around $60.00 in Kc i had a 1967 GMC and a 16' tralier. They would pay more if you hauled over 5 tons so i always had over 5 ton. I made 4 trips a week for several years i couldnt spend all the money i was makeing.I dont know why i didnt get a biger truck and trailer and make less trips.
     
  3. DMiller

    DMiller Senior Member

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    I think we were getting $55/ton average, low as $45, highs would bump $75, what made our year was a 'Copper Tube' low pressure boiler received in what I believe was error from a strip mine scrap contract along with Several DOZEN aluminum bar three phase high HP conveyor squirrel cage motors. Those brought us the big coin. Worked for almost three months weekends and after hours event went without vacation time to scrap out at the mine.
     
  4. DMiller

    DMiller Senior Member

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    Likely subjected to asbestos from insulation matts, various types of transformer oil(PCBs?), all manner of friction plates and shoes likely asbestos covered, who knows what the hell was inside the motor windings, know we saw Mica but maybe asbestos too. Old transformers for the motors had Sheet windings, copper close to 1/16" thick 2' wide at times some 150-250 lbs per device. We were getting $1.35/lb back in the day!!! for copper and $.95/lb aluminum. Can still see those end of month paydays.
     
    Mother Deuce likes this.
  5. Old Doug

    Old Doug Senior Member

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    I hauled a load of shred this morning $115.00. Ii was the kind of load that your glade to get rid of.It it wasnt so muddy i would load another.
     
    DMiller likes this.