My threshold on ferrous scrap is $350 a ton. It was slightly higher than that several years ago in eastern MA. It meant that every truck load was worth $1000.
But I agree one should not sell good inventory. It costs too much to replace and it's inconvenient to make the trip to the steel warehouse.
As for selling to the Chinese, it makes no difference and, unless you live on the west coast, you can't be sure it is going to the orient which includes Korea (big shipbuilder) and Japan. East coast scrap mostly goes to Turkey and India. Alot of midwestern scrap goes to U.S. mini-mills. It's a world market and U.S. scrappers can thank the Chinese for the high prices. Most of the exported scrap goes to building the infrastructure in that country. All rebar metal is sourced from scrap.
I suggest that you stop beating your chests about bombs comings back. We owe the Chinese a trillion dollars and they won't destroy their debtors or risk their own destruction. That's bad business.
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