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Scrap Metal Prices

L

Lanse

Well-known Member
Well, I finally hauled in a load of junk today, just about a ton, and I got a whopping 4.5 cents a pound for it! I wasn't too thrilled, since I started scrapping around 2010 or so
when it used to be 10-15 cents a pound, but considering that my trailer was as full as I could safely make it and I had to dump it, and that scrap used to be 2 cents a pound
here (Texas) I wasn't going to complain too much, haha.

How are you guys fairing? What are the prices like in your area? Do you all think we're going to see a rise, or a drop in prices in the near future?

I have a second trailer load that I can hold onto for a while if need be, I'm "weighting" if I should cash out now or hold on a little longer...
 
It may not pay to stockpile scrap. It could be a long time before prices go up to a decent level. The Chinese economy seems to have a lot of influence on the scrap market, and they are in the tank for the foreseeable future. By the time prices go up, the cost of storing it could outweigh its value.
 
I'm glad scrap prices are down. people were scraping good tractors instead of selling them to someone who needed one. The last time I was at the scrap yard. There were at least 25 tractors sitting there that looked like they would run.
 
To me only a fool scraps iron since most can be used to repair other broken stuff or build deer stands etc. I hate to see iron going to China which it was doing when the price was up. Japan did that to us before WW2 and sent it back at us so since China funds the north Korea well what may happen
 
Scrap isn't worth the diesel it takes to haul it 25 or 30 bucks a ton not even 4 years ago me and a friend were doing a lot of scrap we could make 800 or 900 bucks a day with what we could fit on a goose neck trailer and a 3/4 ton pickup
 
(quoted from post at 20:12:50 05/02/16) I'm glad scrap prices are down. people were scraping good tractors instead of selling them to someone who needed one. The last time I was at the scrap yard. There were at least 25 tractors sitting there that looked like they would run.
Click to expand...

Them old tractors? Need? For what? Heck here just a week ago a running IH 806D brought 2800 at auction. Not a bad looking tractor either. Even those are getting to be too small for most operators.

Rick
 
I have kept some junk here for a long time and I will still save what I feel may be useable parts, but I am getting old and have some health issues and do not want to leave the ole lady a mess. A lot of bare bones old model parts tractors like H,M, Super C you just can't sell much off of now.
 

I'm glad scrap prices are down in a way. Too many people were competing at auctions for what they saw as "scrap" that was really "functional junk" that a lot of people up here use in farming. We used to be able to buy "junk" and make it work or fix something else with it. The scrapers took the prices too high.

Stinks if you're selling, great if you're buying.
 
Here around Memphis Tn. it was $5.00 per hundred last week. It had fallen to $2.00 but last year it made it up to 9 or 10. I've got a pile I've been sitting on and waiting. However since my MF 230 decided to lose oil pressure and start knocking last week I may have to go ahead and haul for parts money!
 
No offense, but there are only so many repairs you can make and so many deer stands you can build, before there's nothing usable left.

Then these tractors that looked like they'd run. Maybe they could run. How well do they run, though? What else is wrong? There comes a point where the cost of the repairs exceeds the value of the tractor. You simply can't know what the condition of the tractor is by looking at it.
 

I always find it ironic that every time someone tells me I just can't scrap a piece of equipment, the decline my offer to buy it for scrap price and haul it off.

Where is the market for this junk, and when will they get it off my property.

I hauled 2 working pull type combines to the scrap yard after having them on craigslist for weeks. Every real offer I got was so low ball that I actually sat and laughed at a few.

I suggest that wishing rock bottom prices on me when I'm cleaning house might be time better spent beating a path to my door to buy my antique collectibles.
 
(quoted from post at 11:28:06 05/03/16)
I always find it ironic that every time someone tells me I just can't scrap a piece of equipment, the decline my offer to buy it for scrap price and haul it off.

Where is the market for this junk, and when will they get it off my property.

I hauled 2 working pull type combines to the scrap yard after having them on craigslist for weeks. Every real offer I got was so low ball that I actually sat and laughed at a few.

I suggest that wishing rock bottom prices on me when I'm cleaning house might be time better spent beating a path to my door to buy my antique collectibles.
Click to expand...


Well said!

Rick
 
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