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I can not understand why the price of scrap steel has gone to the basement. I needed half inch fine thread lock nuts today and they cost me 99 cents each. Bought four inch shelf brackets last week and they were 4 dollars each. The price of hardware makes a person scratch their head, at least this person. And yet scrap here is 30 dollars a ton. Explain to this dumb country boy what is going on, and lets not even talk about deck screws.
I was cleaning up my yard, took 3100# to the scrapyard, got 31.40 for the load. Almost not worth the effort loading it on the trailer (but it makes the wife happy to have a cleaner yard!)
Some steel mills in China have been shuttered. Guess world economic activity really has slowed. The bright side is maybe some vintage trucks will be saved from the crusher.
A buddy hauled scrap to the mainland last week and they would give him nothing. They said if you want to take it home that's fine but if you leave it here you get nothing. He left it there but got a few bucks for some stainless.
yep, the scrapyard here has a minimum, if you are under, they will take it but not give you anything for it. It used to be 500# but that was when it was 140$/ton. Not sure what their minimum is now. I took 1200# of steel plus a radiator and some aluminum and they paid me for the steel as well so I know it is less than that for a minimum.
I used to get part of my income selling scrap so on that hand I liked the higher prices. On the other hand, the scrappers are leaving the old cars alone.
I definitely like people leaving my stuff alone, as well as not crushing every car older than a few years old, but I like to get a little $$ for taking my project leftovers to the scrapyard! I used to keep a couple 5 gallon buckets for small leftover scraps I cut off, broken bolts etc... now, I don't save them, I just toss them in the garbage each week.
i myself did well cleaning up when i was making the move from the other ranch to this house back when the price was high, but there was a local iron thief that was going to all the farms and stealing iron, including me. he stold a lot of cotton picker parts from me and scrapped them, there was some parts i bought in corpus christi tx from a cotton picker that they only made 25 of them, for me to go that far it has to be something special "at least to me". 8 days & 1500 in fuel to get them, well this bone head came and stold them and scrapped them, never got those parts back. finally i caught him in the act as he was leaving with a load, contacted the merced county sheriff and we all met him at the scrap yard, that joker was really surprised to see us all there, he is currently serving a 5 year & 4 month sentence for what he did to me and others aswell, anyway i was just sharing my story
i myself did well cleaning up when i was making the move from the other ranch to this house back when the price was high, but there was a local iron thief that was going to all the farms and stealing iron, including me. he stold a lot of cotton picker parts from me and scrapped them, there was some parts i bought in corpus christi tx from a cotton picker that they only made 25 of them, for me to go that far it has to be something special "at least to me". 8 days & 1500 in fuel to get them, well this bone head came and stold them and scrapped them, never got those parts back. finally i caught him in the act as he was leaving with a load, contacted the merced county sheriff and we all met him at the scrap yard, that joker was really surprised to see us all there, he is currently serving a 5 year & 4 month sentence for what he did to me and others aswell, anyway i was just sharing my story
that was before i retired from my job, and this guy knew my schedule, so when i was at work it was open house for him because no one was there,
when i finally cought him was when we moved to this other place, the sad thing is i knew his dad, he was a welder by trade, and he did some odd and end welding jobs for me, so thats why the a-hole knew my routine. all of my parts were on pallets so what he would do is take a little off of each pallet thinking i wouldnt notice it, and it worked till i started noticing things that i knew were there gone.
Last edited by mrcman58; Feb 2, 2016 at 12:46 PM.
Reason: to add something
Kind of like you said its nice people are backing off old iron and can have it saved. I was disappointed a few months ago when I took some metal I got from a yard cleanup. It wasn't really worth my time loading it. I think it paid for lunch.
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