[TheForge] Scrap steel prices

[David E. Smucker]

terry, et al.

If wanting to sell scrap at a good price you may have to wait a long time --  
years at least.  Scrap is very market driven, even it you don't think so. 
Demand is down, the price is down.  Demand is low, the price will stay low. 
With what is going on worldwide right now demand may be low for a long time.

Aluminum scrap runs about 10 to 20 cents below what it costs to produce new 
base metal.  New metal costs depends of the price of power and the price of 
alumina.  Simple, I know some think the game is rigged but it isn't.  It 
really is supply and demand.

Dave

--------------------------------------------------
From: "terry l. ridder" <terrylr at blauedonau.com>
Sent: Monday, October 27, 2008 4:54 PM
To: "Blacksmithing List Sponsored by ABANA" <theforge at mailman.qth.net>
Subject: Re: [TheForge] Scrap steel prices

> hello;
>
>
> On Mon, 27 Oct 2008, Ron Childers wrote:
>
>>
>>
>>
>> I just sent several tons of heavy scrap to the salvage yard- Useless 
>> stuff
>> like cutting drops and old parts- nothing useable. Prices are way down 
>> from
>> just a couple of weeks ago. Also took a hit on 660# of aluminum and 
>> copper
>> was really low. Anybody know why? A few months ago the copper fascia was
>> stolen off the building across the alley and all of a friend's welding 
>> leads
>> were stolen out of his shop. Prices were high enough to take the risk. 
>> Maybe
>> now is the time to buy rather than sell.
>>
>
> deklab iron and metal ( dimco ) no longer allows looking for useable
> scrap in the yards. nothing. no scourging for metal.
>
> i asked about copper prices, that i had 780 lbs in 5 lb ingots, was
> told that i would only get $1.72 usd per lb.
>
> i asked about the aluminum prices, that i have 600 lbs in hard drive
> cases. was told that i get $1.39 usd per lb.
>
> i told them that i would wait to sell the copper and aluminum.
>
>>
>> Ron C
>>
>>
>
> -- 
> terry l. ridder ><>
> _______________________________________________
> Manage membership or unsubscribe at:
> http://mailman.qth.net/mailman/listinfo/theforge
> theforge mail list group photo site is
> http://www.photoaccess.com
> Login:  blacksmithblacksmith at hotmail.com
> password:  anvil
> ___________
>
>
>