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I have been scraping some machines here lately. First it was $410 a long ton in may. Then he droped it to $365 then today $350...now on my 4th he says $325 ?
This sounds very backwards as what the market is trending ?
It does sound a little backwards, but the whole scrap market is a little squirrelly lately. I am working in a steel mill now and one of the steel guys told me that the price of scrap today is greater than the price of finished steel 3 years ago.
Steve, good to have you! As a former scrappie (I grew up around shredders and burning yards) I'll throw in my two cents. Most likely he is buffereing his profit margin, but it may be that the successive machines you bring in may have different levels of heavy iron, so he may be cutting that price. One machine may have more high grade scrap thatn the other. What kind of machines are you scrapping?
I scraped a Hitachi EX300 excavator because the motor was on it's way out and it blew the pumps, machine made me about 100 times over what I paid for it and made me some good cash money scraping it.
awesome. sad to see old iron like that bite the dust, but it sounds like you made money hand over fist from that hoe. good for you, man. what kind of demo did you do with it when it was working OK for you?
awesome. sad to see old iron like that bite the dust, but it sounds like you made money hand over fist from that hoe. good for you, man. what kind of demo did you do with it when it was working OK for you?
I was using it for industrial demolition, nothing major old factories. I have a Komatsu PC600, 2 PC400s, 2 PC300s, PC95 , Cat 345, Cat 235 with shear, Cat M322C, Cat 320, Cat 315, Cat 302.5, John Deere 270DLC and a John Deere 180Cw. I mainly do water and sewer main, but with the scare amount of work you have to be willing to take on whatever job you get.
Used equipment for scrap?
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