Scrap iron prices really low.

draftx

Member
Took some in on Fri. and only paid $5.00 per hundred. They said its expected to go lower yet. This should help save some vintage equipment.
 
If you think it is low now in the eighties I remember hauling unprepared iron for 35.00 a ton, prepared iron was only another six bucks more.You did not waste much torch fuel.Most of us did not haul much iron.Hunker down as long as you can.
 
Wondering what these low scrap iron and oil prices are saying about the shape of our economy ?
 
Even when prices are high,to go to your scrap pile and find something to use on your project is a big payback. I also know that as soon as that pile gets taken to the scrapper, I'll need something that was in there. So I'll continue to put taking the "junk" away off. gobble
 
Oil prices down, grain prices down, commodities down.

USA dollar going up.

Next comes interest rates going up.

Then inflation.

We have to, it would be the only possible way to get out of the debt. Inflate our way past it.

Paul
 
'round these parts there's a band of drug users that can't work and steel any thing they can pick up and run with. Even when caught (which is rare) the judges just kinda slap them on the wrist and turn them loose. There was a time a couple of years ago thieves were ripping out the power cables to the irrigation pumps (I think one of them got electrocuted and that sorta slow down the wire theft) and stealing the aluminum hand line irrigation pipes. aluminum road signs were going so fast the county and state workers couldn't keep up replacing them. So, maybe low scrape prices can be a good thing. bjr
 
Yep I have had many people look at my scrap pile and tell me I should load it up and sell it. I always tell them heck NO it is worth 3 times more where it sits then what I could ever get out of it. To many time I need a small pieces of steel to use as a fish plate when I do some welding
 
Price is always low when you are selling. BUt funny how it has crept back up in an hour when you are trying to buy it to make a project , then look out!
 
I agree with you tom. Just today I got some scrap sheet steel out of the "spare parts repository". Just what I needed for the repair job.
 
now is the time to collect it and let it sit , when iron was 20.00 a ton in the 80's and beyond I stock piled it , 4 years ago I sold 28 ton of nothing but true junk (no farm equipment or usable iron)at 260.00 a ton .
 

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