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Steel is going up!
Posted:
Mon Jan 03, 2011 10:23 amby silversaddle1
Just called in for January prices. Steel is expected to jump anywhere from $25.00 to $60.00 per ton.
And yes, I was told this jump will include the shreadables as well.
A price jump that big in January is odd to say the least.
Re: Steel is going up!
Posted:
Mon Jan 03, 2011 10:41 amby wayne1956
Sounds good to me, I have half a load right now, should get it completed within a week or so.
Re: Steel is going up!
Posted:
Mon Jan 03, 2011 3:40 pmby theirrationalist
I think it may have something to do with an chinese metal tariff taking effect this month. I may be mistaken.
Re: Steel is going up!
Posted:
Wed Jan 05, 2011 12:23 pmby fire medic 160
Hey Silversaddle, are all metals looking to jump, or just steel?
Re: Steel is going up!
Posted:
Wed Jan 05, 2011 12:37 pmby RickS
I now work in the steel industry (manufacturing / iron mining / finishing). Dunno if price jumps are good are bad for us yet. I'm guessing not so good, because our december sales spiked ahead of this news.
Re: Steel is going up!
Posted:
Wed Jan 05, 2011 5:12 pmby theirrationalist
fire medic 160 wrote:Hey Silversaddle, are all metals looking to jump, or just steel?
All the non-ferrous at my yard went up about 8% last week.
Re: Steel is going up!
Posted:
Wed Jan 05, 2011 6:18 pmby hobo finds
I have a brother in law who worked at Bethlehm Steel for 20+ years then the steel trade died. I often wonder why don't we start up the old steel mills and re-process the scrap steel that we send to China and other places.
Re: Steel is going up!
Posted:
Wed Jan 05, 2011 9:01 pmby messymessy
hobo finds wrote:I have a brother in law who worked at Bethlehm Steel for 20+ years then the steel trade died. I often wonder why don't we start up the old steel mills and re-process the scrap steel that we send to China and other places.
Strict EPA regulations and expensive union labor?
Re: Steel is going up!
Posted:
Thu Jan 06, 2011 6:46 pmby wayne1956
messymessy wrote:hobo finds wrote:I have a brother in law who worked at Bethlehm Steel for 20+ years then the steel trade died. I often wonder why don't we start up the old steel mills and re-process the scrap steel that we send to China and other places.
Strict EPA regulations and expensive union labor?
Yep, the EPA is one of the biggest, if not the biggest, business killers in the country. They need to be disbanded and replaced with people who actually use common sense.
Re: Steel is going up!
Posted:
Thu Jan 06, 2011 6:47 pmby wayne1956
Oops, forgot to mention, steel here lately had been 160 a ton. Took some in today and it was 205 a ton.
Re: Steel is going up!
Posted:
Fri Jan 07, 2011 6:39 amby silversaddle1
wayne1956 wrote:Oops, forgot to mention, steel here lately had been 160 a ton. Took some in today and it was 205 a ton.
That's a $45.00 jump!
Re: Steel is going up!
Posted:
Tue Jan 11, 2011 2:05 pmby hobo finds
last Jan I was getting .06 a pound This Jan .09 best price of all last year! I hope it will go up a few more cents
Re: Steel is going up!
Posted:
Wed Jan 12, 2011 2:19 pmby silversaddle1
Just heard that shred jumped $50.00 per ton here in Western Iowa!
Re: Steel is going up!
Posted:
Thu Jan 13, 2011 1:19 pmby copperhead57
According to an article in my local newspaper, they are paying up to $240/ton in northern Georgia.
I know where some old appliances were illegally dumped. Maybe I should get them and sell them to the scrapyard.
Re: Steel is going up!
Posted:
Thu Jan 13, 2011 9:54 pmby farmall
copperhead57 wrote:According to an article in my local newspaper, they are paying up to $240/ton in northern Georgia.
I know where some old appliances were illegally dumped. Maybe I should get them and sell them to the scrapyard.
Might as well.
Re: Steel is going up!
Posted:
Fri Jan 14, 2011 7:33 pmby fasTT
A friend of mine at Keystone Steel and Wire told me that his buy this month was up $70 per ton.
Re: Steel is going up!
Posted:
Mon Jan 17, 2011 11:21 amby wayne1956
copperhead57 wrote:According to an article in my local newspaper, they are paying up to $240/ton in northern Georgia.
I know where some old appliances were illegally dumped. Maybe I should get them and sell them to the scrapyard.
I would be on that in a New York minute. Should be able to get plenty of copper out of them also.
Re: Steel is going up!
Posted:
Sun Jan 23, 2011 12:29 pmby flbandit
I took in a bit yesterday and got $11.25 per 100 lbs.! I also got $0.67 a lb. for cans, and .65 for clean aluminum.
Re: Steel is going up!
Posted:
Sun Jan 23, 2011 12:40 pmby Thogey
flbandit wrote:I took in a bit yesterday and got $11.25 per 100 lbs.! I also got $0.67 a lb. for cans, and .65 for clean aluminum.
.1125 per pound. That's nuts. Whats going to happen when the economy picks up?
Oh that's right this all going to China, where they still build things.
Re: Steel is going up!
Posted:
Sun Jan 23, 2011 4:13 pmby Cptindy
You ain't seen nothing yet!