scrap iron prices up
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  1. #1
    Join Date
    Nov 2005
    Location
    Nashville, TN
    Posts
    2,129

    scrap iron prices up

    I scrapped out 700+ lbs of steel yesterday. I was shocked when they paid me $43. It's up to $.06/lb., wow. Just 3-4 months ago I took 600lbs and it was around $.04.

    Anyway yesterday, I picked up 900 lbs from my supplier and he said expect an increase of $.03/lbs soon.

    It wasn't long ago I was excited about an increase in scrap from $.01 to $.02.

    I have an old truck, I was thinking about selling it for part, I may just scrap it, now.

    No real point here, just $.06 is a lot. However, I am sure I will feel it when I purchase steel.

  2. #2
    Join Date
    May 2006
    Posts
    4,157

    Re: scrap iron prices up

    It's sickening to me, they pay you 6 cents but when you call and want a piece, it's 50.
    John
    - fabricator extraordinaire, car nut!
    - bleeding Miller blue!

    http://www.weldfabzone.com


  3. #3
    Join Date
    Jan 2006
    Posts
    1,753

    Re: scrap iron prices up

    Last time I tried to scrap anything it was $30 a ton for steel. My friend got $80 for a Toyota truck chassis and body the other day, I'd say he made out pretty good considering he probably had less than 1500lbs of steel.

  4. #4
    Join Date
    Jul 2006
    Location
    Chattanooga
    Posts
    1,100

    Re: scrap iron prices up

    I scrapped some yesterday. $8.00 per 100lbs, or $.08 a pound. I had about 1ton and got $147, talk about suprised. Last time I was there it was $.04 per lb.
    Miller Econotig
    Cutmaster 38

    Yes ma'am, that IS a screwdriver in my pocket!

  5. #5
    Join Date
    Jan 2007
    Location
    Geelong Australia
    Posts
    93

    Re: scrap iron prices up

    the main reason is there is a shortage of the stuf world wide, china is using over 1/3 of the worlds steel at the moment so its getting dearer to buy, in Aust its going through the roof in some areas and the buy back for scrap has gone up a little so those who want it have to pay those who have a little more.
    I own a 87 troopie (rust is slowly owning it )
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    and I love sticking metal together.
    And I live in OZ... (Geelong)

  6. #6
    Join Date
    Jul 2005
    Location
    Yorkshire, UK
    Posts
    40

    Re: scrap iron prices up

    Buying out from the scrapyard last week, I paid £0.47 per kilo including tax - that's twice what it was 18 months ago. In the UK, two years ago, YOU paid the scrapyard to take a car off your hands for scrapping! Hence, so stuff got dumped by the side of the road. Now, people scour roadsides for scrap metal to take in.

    China and India are using VAST quantities of steel, copper and aluminium at the moment. I read somewhere that in rural India, the people aspire to having galvanised corrugated steel roofing. Across the country as a whole, thats a LOT of tin sheet...

    Makes me think I'm in the wrong business.

  7. #7
    Join Date
    Feb 2004
    Location
    chicago suburbs
    Posts
    76

    Re: scrap iron prices up

    $240 a ton in chicago

  8. #8
    Join Date
    Jan 2007
    Posts
    457

    Re: scrap iron prices up

    Well I hope prices are good here. I have a ton, well probly more like three tons to scrap this weekend. Parted out some trucks this week.

    Also my mother is a lender and took back a house of theirs only to find the back yard full of scrap!

    Got a heavy duty engine hoist from it all, and a 100 gal propane tank. I think there is a trailer also with a Ford 9" axle! Talk about Christmas coming early, lol.
    Patriot Performance Auto
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  9. #9
    Join Date
    May 2006
    Posts
    4,157

    Re: scrap iron prices up

    Nothing like a full backyard full of usable parts - good score!
    John
    - fabricator extraordinaire, car nut!
    - bleeding Miller blue!

    http://www.weldfabzone.com


  10. #10
    Join Date
    Jan 2007
    Posts
    457

    Re: scrap iron prices up

    Quote Originally Posted by MicroZone
    Nothing like a full backyard full of usable parts - good score!
    Yeah too bad the house has to be bulldozed!
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  11. #11
    Join Date
    Feb 2007
    Location
    Idaho Falls
    Posts
    64

    Re: scrap iron prices up

    I don't know what they are paying for scrap here but I went and bought some today from the local recyclers and they charged me .20 pound.

  12. #12
    Join Date
    Dec 2005
    Location
    Avon, Ohio
    Posts
    122

    Re: scrap iron prices up

    you guys should see the prices for copper !

  13. #13
    Join Date
    Jul 2006
    Location
    Chattanooga
    Posts
    1,100

    Re: scrap iron prices up

    Quote Originally Posted by JohnnyWeld
    you guys should see the prices for copper !

    Only $1.80lb here
    Miller Econotig
    Cutmaster 38

    Yes ma'am, that IS a screwdriver in my pocket!

  14. #14
    Join Date
    Sep 2006
    Location
    Marlborough, The Peoples Republik of MA
    Posts
    3,572

    Re: scrap iron prices up

    $128 a ton for steel here yesterday, that is what they were paying at the scale. Copper is insane as well as clean aluminum.
    Disclaimer; "I am just an a$$hole welder, don't take it personally ."

  15. #15
    Join Date
    Feb 2005
    Location
    northern colorado
    Posts
    30

    Re: scrap iron prices up

    I got $38 USD for the coils out of my recently replaced A/C air handler yesterday, and $6 for my collection of vises. I picked up a nice ~50 year old bench vise the last time I was at the scrap yard and promised myself I would get rid of my three broken vises to make room for it.

  16. #16
    Join Date
    Jan 2007
    Posts
    457

    Re: scrap iron prices up

    I dropped my jaw today when I went to the steel supply yard.

    Been doing some spring cleaning and took all the junk radiators and a/c condensers to the yard today. I laughed when he handed me $54 for 66 lbs!
    Patriot Performance Auto
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  17. #17
    Join Date
    Jan 2006
    Posts
    102

    Re: scrap iron prices up

    We're getting $2.60 for clean copper in NOLA.

  18. #18
    Join Date
    Jan 2007
    Posts
    457

    Re: scrap iron prices up

    Quote Originally Posted by jknight8907
    We're getting $2.60 for clean copper in NOLA.
    When I was 16 I used to get truck beds full of copper power lines from a friend. He was a big commercial electrician. Copper was never over $.60 though. Took a lot of time to clean the insulation from the wire, especially the older power lines.
    Patriot Performance Auto
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  19. #19
    Join Date
    Jan 2007
    Posts
    457

    Re: scrap iron prices up

    Just called the big scrap yard in Peoria IL here. They are giving $170 a ton for scrap. I'm going to take them a nice big trailer full of car parts this weekend.
    Patriot Performance Auto
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  20. #20
    Join Date
    Sep 2005
    Location
    middle tennessee
    Posts
    1,788

    Re: scrap iron prices up

    $9 a 100 for cars and $10 a 100 for short steel here.
    Dewayne
    Dixieland Welding

    MM350P
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  21. #21
    Join Date
    Sep 2006
    Location
    florida
    Posts
    72

    Re: scrap iron prices up

    SS at $ 1 a pound!!
    You got to be yourself!

  22. #22
    Join Date
    Jan 2006
    Location
    Inkster, Mi
    Posts
    676

    Re: scrap iron prices up

    I work for the water department and the scrappers around here are stealing water meters for the brass and copper pipes out of vacant houses keeping my department pretty busy. turning the water off. I went in to a house yesterday and water was running everywhere because they took everything while the water was still on.
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  23. #23
    Join Date
    Aug 2006
    Posts
    27

    Re: scrap iron prices up

    You are getting 1$ a pound for scrap SS?

  24. #24
    Join Date
    Jul 2006
    Location
    Chattanooga
    Posts
    1,100

    Re: scrap iron prices up

    Quote Originally Posted by jwright
    You are getting 1$ a pound for scrap SS?
    That's what it's going for here too.
    Miller Econotig
    Cutmaster 38

    Yes ma'am, that IS a screwdriver in my pocket!

  25. #25
    Join Date
    May 2004
    Location
    Richmond/Midlothian,VA
    Posts
    589

    Re: scrap iron prices up

    Quote Originally Posted by Patriot Performance
    When I was 16 I used to get truck beds full of copper power lines from a friend. He was a big commercial electrician. Copper was never over $.60 though. Took a lot of time to clean the insulation from the wire, especially the older power lines.
    My father used to burn the insulation off of copper wire, he had a double garage that was full most of the time. He was a Master Electrican/Chief Inspector, City 'O Bawalamer.
    Bruce
    The Welding Chef
    Lincoln Weld-Pack 3200
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    Stanford Hill Farm

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