Rumblebelly
Full Member
- Jan 20, 2007
- 219
- 49
- Detector(s) used
- (RS)Discovery 2000, white's bullseye, NEW DFX!!!
hello all,
My scrap yard has told me to sell whatever metal I have this week, because there is going to be a drop in prices next month. I have been going to this yard for years and have a real good relationship with them. I'm a little surprised that they would tell me this. Apparently Iron will drop between $20 to $60 per ton. They are expecting the other metals to drop accordingly as well. I do not want to be a bearer of doom, but has anyone else hear anything like this? I've been watching prices on a lot of stuff I'm sitting on, and I figure that my guys won't steer me wrong, so I'm selling most of my stock piles this week. For what I've seen these prices for me have been as good as I seen for almost 2 years now. Chicago area
Aluminum cans: .52 per lb
Aluminum: .50 per lb
Aluminum Copper Rads: $1.25 per lb
yellow brass: $1.40 per lb
#1 copper: $2.58 per lb
#2 copper: 2.45 per lb
radiator w/iron: .80 per lb
electric motors: .20 per lb
green circuit boards: .20 per lb
going to work on the stainless pile these next few days
If this is true I would sell while the prices are high, in this economy I'm surprised they've lasted this long.
The reason I'm told on the steel/iron decrease is that Turkey and China are not buying any more scrap iron this spring or summer. The exports will not longer be there from my sources. Hopefully I'm wrong, but if not call your yards a see what they say. I hope this is enough time for some of you the sell the hoards of metal out there in the garages & sheds.
happy hunting,
Rumblebelly
My scrap yard has told me to sell whatever metal I have this week, because there is going to be a drop in prices next month. I have been going to this yard for years and have a real good relationship with them. I'm a little surprised that they would tell me this. Apparently Iron will drop between $20 to $60 per ton. They are expecting the other metals to drop accordingly as well. I do not want to be a bearer of doom, but has anyone else hear anything like this? I've been watching prices on a lot of stuff I'm sitting on, and I figure that my guys won't steer me wrong, so I'm selling most of my stock piles this week. For what I've seen these prices for me have been as good as I seen for almost 2 years now. Chicago area
Aluminum cans: .52 per lb
Aluminum: .50 per lb
Aluminum Copper Rads: $1.25 per lb
yellow brass: $1.40 per lb
#1 copper: $2.58 per lb
#2 copper: 2.45 per lb
radiator w/iron: .80 per lb
electric motors: .20 per lb
green circuit boards: .20 per lb
going to work on the stainless pile these next few days
If this is true I would sell while the prices are high, in this economy I'm surprised they've lasted this long.
The reason I'm told on the steel/iron decrease is that Turkey and China are not buying any more scrap iron this spring or summer. The exports will not longer be there from my sources. Hopefully I'm wrong, but if not call your yards a see what they say. I hope this is enough time for some of you the sell the hoards of metal out there in the garages & sheds.
happy hunting,
Rumblebelly
