Prices are falling big time

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Prices are falling big time

Postby hobo finds » Fri Jun 29, 2012 1:34 pm

Sheet iron / steel by me is now at $160.00 a ton, down from $230.00 before Memoral Day :shock:
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Re: Prices are falling big time

Postby scrapper2010 » Fri Jun 29, 2012 1:59 pm

Is that a gross ton (2240lbs)? You think you've got it bad, I've been getting $157.50/gross ton for a while now, and just last week fell to $102/gross ton. Not even worth it for me anymore. I only grab stuff if I happen to come across it.
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Re: Prices are falling big time

Postby mtldealer » Fri Jun 29, 2012 2:26 pm

I am offering $300/GROSS TON for Bushling F.O.B los angeles - Banding is @ $275.00/GROSS TON
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Re: Prices are falling big time

Postby hobo finds » Fri Jun 29, 2012 2:57 pm

It is for Net ton (2000 lbs)
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Re: Prices are falling big time

Postby GA-Silver » Fri Jun 29, 2012 8:37 pm

The Chinese must be stocked full of American scrap......
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Re: Prices are falling big time

Postby Thogey » Fri Jun 29, 2012 8:49 pm

This is what happened just before the last Olympics.

My yard said it was temporary and because the Chinese shut down to clear the air for the olympics.
Then after the Bejing games, the economy went bad.
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Re: Prices are falling big time

Postby mtalbot_ca » Sat Jun 30, 2012 1:33 pm

Thogey wrote:This is what happened just before the last Olympics.

My yard said it was temporary and because the Chinese shut down to clear the air for the olympics.
Then after the Bejing games, the economy went bad.


I think it is a sign for slower demand and therefore we might be entering ''Recession time''.
Common sense should prevail if not, misery will.
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