DarrenW
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| posted on 10/11/08 at 03:41 PM |
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Anyone know current scrap steel value?
As title, just wondering what the value of scrap steel is at the mo. Just before summer we were getting £150 a tonne for mixed and £200 for heavy (and
higher than that at certain times). Ive heard its dropped rather a lot since then.
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bob
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| posted on 10/11/08 at 04:06 PM |
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Not sure what the price of scrap is at the moment but it must have plumeted, i am starting to see cars dumped in the road again which is something we
havnt seen for the past 18 months or so.
Would be interesting to know what the avarage car weighs in at nowadays.
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JoelP
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| posted on 10/11/08 at 06:19 PM |
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the man who collects my kitchen waste says he weighed in something like 3 washers and 2 ovens and got £2.20. According to him it has plummeted. Not
sure about copper, but i'll just hold onto mine if the price has dropped.
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chrisg
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| posted on 10/11/08 at 06:28 PM |
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I weighed 20kgs in and the guy asked me what colour balloon I wanted!
£48 a ton locally (Sheffield)
Cheers
Chris 
Note to all: I really don't know when to leave well alone. I tried to get clever with the mods, then when they gave me a lifeline to see the
error of my ways, I tried to incite more trouble via u2u. So now I'm banned, never to return again. They should have done it years ago!
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Krismc
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| posted on 10/11/08 at 06:41 PM |
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Dropped from £200 a ton down to £28 a ton in three years at the one i go too. Im gutted cause the bronze and copper is going down now and i aint
finished sorting it.
Built, Ivaed, Drove and now Sold - 2011 MNR VORTX RT+ 2000cc Zetec on R1 Throttle boddies.
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Simon
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| posted on 10/11/08 at 10:37 PM |
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quote:
Originally posted by Krismc
Im gutted cause the bronze and copper is going down now and i aint finished sorting it.
I'm quite pleased bronze and copper are on the tumble
We use it at work and have been paying £4800 (LG3) for ingots, all because the copper price had peaked at over $9,000/tonne. That's now down to
$3,800
We used to pay a £1000/tonne!!
ATB
Simon
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clairetoo
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| posted on 11/11/08 at 06:55 AM |
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Will this mean the return of the £50 banger ? Hooray for cheap motoring
Its cuz I is blond , innit
Claire xx
Will weld for food......
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02GF74
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| posted on 11/11/08 at 08:48 AM |
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.. and the reason is?
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DarrenW
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| posted on 11/11/08 at 09:01 AM |
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quote:
Originally posted by 02GF74
.. and the reason is?
..... so that i can decide if its worth scrapping some off. If ill be lucky to break £50 a tonne then its not worth the bother.
Secretly im also hoping that steel prices continue to drop globally. All of our parts at work are made in China and we have terrible trouble squeezing
cost increases out of our European customers, whereas our own factories seem to be able to sleep soundly at night after hiking them up
dramatically.
I need to find out where i can track global commodity pricing so i can justify a price review with them.
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02GF74
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| posted on 11/11/08 at 04:03 PM |
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^^^ no, wondering why the price has dropped so much, suely the Chinese haven;t had their fill of it yet or is their economy slowing down as well?
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DarrenW
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| posted on 11/11/08 at 04:12 PM |
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Chinese economy is certainly slowing. Ive seen a reduction in their steel costs recently but not sure what the % is.
As an aside - the company i work for is Chinese. About 6 months ago the VP of the American side (son in law of the company owner) was reporting that a
lot of Chinese companies will be going bust soon. He said a lot had been borrowing money with interest rates at about 10% per months (yes - per
month). We queried how he knew and he simply said because our company was one of the money lenders. He was basically saying that a lot of them
borrowed to expand production capability etc but will struggle to meet repayments. He warned that a lot of people in the west buy goods and pay up
front and will come unstuck at some point by not having the goods sent. His prophacy is certainly coming true (he was reporting this before the media
got hold of the credit crunch and global issues theme). Our company isnt the cheapest but we never demand payment until goods arrive so was saying we
should use this as part of our marketing.
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Simon
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| posted on 11/11/08 at 08:20 PM |
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My bro lives in Oz and runs his own freight logistics business. He was in China a couple of weeks ago and reckoned there was one particular area where
nearly 30,000 business had folded (yes, thirty thousand!!!). More the better in my book as they rely on state subsidies to keep raw material costs at
unreasonably low levels, which would be ok if the rest of us where on the same playing field.
ATB
Simon
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Mark Allanson
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| posted on 11/11/08 at 09:33 PM |
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Its £20 a tonne here now, a load of scrappies are going to go bust as the price dropped so suddenly. They have hundreds of cars stockpiled that the
paid £100 for which are now only worth £20.
If you can keep you head, whilst all others around you are losing theirs, you are not fully aware of the situation
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Simon
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| posted on 12/11/08 at 08:10 PM |
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Sounds like they might have to do some work to earn it back, like recycle salvage, rather than buy, store and flog
ATB
Simon
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Syd Bridge
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| posted on 13/11/08 at 12:04 PM |
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Resale market value for scrap is usually about 10 times what the scrappy gives you. At least that's what it seems down here.
Cheers,
Syd.
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DarrenW
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| posted on 13/11/08 at 12:13 PM |
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I cant confirm the 10x bit but i did hear our local merchant was taking scrap direct to the dock earlier this year and getting silly money for it. I
did hear he was paying £200 a ton for heavy and selling it on for over £400 - but i suspect he would be getting more than that.
Some merchants in the west of the country were paying far less than £200 a tonne though cos they had to move it over to the docks on east coast so
were factoring in additional haulage. I know someone who deals with farms who said a farmer he knows cleared his yard (lots of tonnes) and it was
worth his while to transport the scrap 100 to 150 miles (one way) to merchants in North East.
Now though it would seem people will prefer to hold onto it if they have space.
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02GF74
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| posted on 13/11/08 at 03:39 PM |
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quote:
Originally posted by Simon
My bro lives in Oz and runs his own freight logistics business. He was in China a couple of weeks ago and reckoned there was one particular area where
nearly 30,000 business had folded (yes, thirty thousand!!!).
sensationalist statistic perhaps? since there are 10 chinese to every other person on the planet and a business is probably classed as one man and
his grandma making t shirts, the figures are insignificant to the total number of businesses in China. Probably.
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locoboy
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| posted on 14/11/08 at 06:39 PM |
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4 months ago i was getting £240 for a discovery shell with the interoor and a load of junk in it complete with a chassis.
We stopped taking them when we got £34, approx £20 per tonne.
We are now stockpiling it, its not worth our journey (one at a time) to weigh them in.
My old man sells steel and has done for 40 years.
His company has 9000 tonnes of different steel products sat at docks around the UK bought at an average price of £700 per tonne, now worth about £400
per tonne, thats a loss of £2700000
ATB
Locoboy
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Confused but excited.
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| posted on 19/11/08 at 11:56 AM |
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But on the bright side.
Chinese economy goes tits up......means cheaper TIG sets for us.
I think I may wait a while.
Tell them about the bent treacle edges!
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Mark Allanson
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| posted on 19/11/08 at 09:45 PM |
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Does it mean that the price of new stock steel will be coming down? Back to £80 for all the steel needed to build a chassis?
If you can keep you head, whilst all others around you are losing theirs, you are not fully aware of the situation
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DarrenW
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| posted on 19/11/08 at 09:59 PM |
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New steel costs are defo falling. Maybe not back to same levels as a few years ago but a few % off in the last few months.
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