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With the price of scrap waaaay down....

rockyridgefarm

rockyridgefarm

Well-known Member
....Maybe I won't see so many scrappers at the upcoming spring sales!

I always hated those guys. Loud-mouthed jerks with spray cans in their pockets, trying to judge how much something weighs...

"This here plow must weigh three TONS! If scrap is 180 a ton, I'll get..... carry the one..... like, a THOUSAND dollars for it!!! Better spray paint my bidder number EXTRA large so everyone knows how smert I is!"

BTW, 60 a ton right now. It was 130 a ton two Mondays ago.
 
A few years ago a scrapper who I knew slightly bid $160 plus 10 %
buyers premium plus sales tax on a rusty Ford 5 foot bush hog type
mower. He was willing to sell it to me for $250 including delivery
and I am still using it, but I can't see how he was going to make
anything on it for scrap.
Zach
 
I was at a sale a few years ago and a scraper gave $600 for a three bottom IH fast hitch plow. I asked him after the sale what hew as going to do with it. HE was going to sell it for scrap. I know that plow could not have weighted over 1000-1200 lbs. So how was he going to break even on it????
 
Our town scrapper used to drive around in his lawn-mower and little wagon taking Al cans out of garbage cans. He was asked one time, how it was going? He said Better and better, he had only been getting [see if I can get this right] a nickel a pound, but he was at least making a lot more money these days, he was taking them 50 miles to neighboring recycle, and THEY were paying $5 for a hundred pounds!!! If I got the math right....
 
Some say the reason scrap prices went up in the
first place is CHINA. News reports China's economy
isn't doing so good.

I can remember when I was lucky to sell tin at $10.
I can also remember selling tin for $200.

So what were the prices of scrap before the prices
went crazy, up?
 
(quoted from post at 04:00:00 02/12/15) Some say the reason scrap prices went up in the
first place is CHINA. News reports China's economy
isn't doing so good.

I can remember when I was lucky to sell tin at $10.
I can also remember selling tin for $200.

So what were the prices of scrap before the prices
went crazy, up?
Click to expand...


I remember getting 12 bucks a ton doing some clean up for my FIL in 1996.

Rick
 
(quoted from post at 03:16:06 02/12/15) ....Maybe I won't see so many scrappers at the upcoming spring sales!

I always hated those guys. Loud-mouthed jerks with spray cans in their pockets, trying to judge how much something weighs...

"This here plow must weigh three TONS! If scrap is 180 a ton, I'll get..... carry the one..... like, a THOUSAND dollars for it!!! Better spray paint my bidder number EXTRA large so everyone knows how smert I is!"

BTW, 60 a ton right now. It was 130 a ton two Mondays ago.
Click to expand...

Iron ore prices are lower than they've been in the last 5 years. Coal was down some but recovered a bit in the last month. China's market is being flooded with cheap iron ore. It's so cheap China can't profitably mine most of their own at current prices. Combine that with the west coast dock strikes and that sends the price of scrap into the gutter.

Other metals like lead, titanium, nickel, tin, copper, and aluminum are considerably under any high reached inside of the last 12 months and many are currently at a price near half or less than half of the price of any high reached in the last 5 years.

I've seen some real dummies at auctions buying scrap, and I've seen some guys that do quite well for themselves, too. The dummies generally don't last long, but when one dummy disappears, another seems to take his place.

AG
 
Because for every piece he buys too high, there are three little old ladies with a homeplace full of their deceased husbands' "junk" that he swindles for 2 cents a ton.
 
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