Steel is going up!

[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.

[wayne1956]

Sounds good to me, I have half a load right now, should get it completed within a week or so.

[theirrationalist]

I think it may have something to do with an chinese metal tariff taking effect this month. I may be mistaken.

[fire medic 160]

Hey Silversaddle, are all metals looking to jump, or just steel?

[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.

[theirrationalist]

Hey Silversaddle, are all metals looking to jump, or just steel?

All the non-ferrous at my yard went up about 8% last week.

[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.

[messymessy]

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?

[wayne1956]

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.

[wayne1956]

Oops, forgot to mention, steel here lately had been 160 a ton. Took some in today and it was 205 a ton.

[silversaddle1]

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!

[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

[silversaddle1]

Just heard that shred jumped $50.00 per ton here in Western Iowa!

[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.

[farmall]

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.

[fasTT]

A friend of mine at Keystone Steel and Wire told me that his buy this month was up $70 per ton.

[wayne1956]

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.

[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.

[Thogey]

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.

[Cptindy]

You ain't seen nothing yet!