The scrap yard where I have bought some, you guessed it, scrap metal charges me .30 cents a pound for the stuff I bought there. How does this price square with what others pay for scrap? Is this a fair deal, a lousy one, mediocre, or what? What are most people paying for scrap angle iron or sheet metal and the like?
"Grant Erwin" wrote: (clip)How does this price square with what others pay for scrap? (clip) ^^^^^^^^^^^^^^^^^ It's an OK price, provided you are able to pull clean, usable, straight pieces in sizes that you can use. If you're getting junk, rather than cut-offs, it should be cheaper.
As of this week at the local scrap yard I paid .15 cents a lb for good scrap. I go at noon when the crane is not running, scored a 2-7/16" x 5' shaft for $11 and change. Nice stuff better than cold rolled.
I don't buy a lot of steel scrap, but that seems about right. Mostly I'm buying aircraft surplus/scrap and we do it by desirability. The one place where I do buy scrap / surplus by weight charges "pound per pound" ($1.5/lb) for everything which is OK for his stainless and bronze, but a bit much for his cast iron! I did buy some steel anvil tooling from him, but that's about all of the steel I'll have at those prices.
I have a friend who has a big (maybe 3 ft dia x 4.5 ft high) stainless steel tank he wants to sell. It was part of a custom swimming pool water system. I figure he should set a bottom price at the value of the scrap metal.
What is stainless scrap going for? $/lb
Hope people are still reading this thread. Thanks for any replies.
At the local yard two weeks ago I picked up some stainless sheet and was charged 70 cents a pound. I didn't inquire what they were paying for stainless but on the regular scrap they only pay a couple of cents/lb and sell for 15cents. One of the yard rats said cardboard is hot now they are getting $140 a ton, lots more that steel/iron.
A big stainless tank might make a heck of a fermenter for some home brewer......
At our local scrap yard, steel is 15 cents/lb, aluminum is $1.05/lb, stainless is 85 cents/lb, and copper is $2.30/lb. With a number of machine/fab shops in the area we get a lot of drops and scrapped fabs.
Simms metals in San Jose CA charges $0.40 a pound for 'usable steel', and about $0.60-0.70 for new stock. Copper and aluminum goes for $2.00 to $3.00. They buy scrap steel at from $60.00 to $75.00 a short ton.