Vander Posted September 18, 2008 Report Share Posted September 18, 2008 I read a post earlier that said scrap has gone down quite a bit, and that led me to think...............What in the economy in the automotive market determines the value of scrap? What are the indicators that scrap will go up or down in the near future? etc........ Quote Link to comment Share on other sites More sharing options...
Kevin R. Posted September 18, 2008 Report Share Posted September 18, 2008 Nothing really in the automotive market determines scrap value...it is the metals. I gotta go to class someone else can explain. Quote Link to comment Share on other sites More sharing options...
Science Abuse Posted September 18, 2008 Report Share Posted September 18, 2008 Depends on what the scrappers are getting for their metals.... ...which is determined by who is using their metals... ...and no one in the slumping US industrial sector is buying alot of scrap metals. If you want prices to go up, go out and buy something made of recycled metal. Quote Link to comment Share on other sites More sharing options...
medium fast Posted September 18, 2008 Report Share Posted September 18, 2008 The olympics slowed Chinas production quite a bit, that is where a lot of our scrap metal is being shipped to. When that slowed there was an abundance of scrap metal, and not enough demand. Once they get over the surplus the price will go back up. I think we all knew that this price would not last forever, I just wish I would have known it was going to go up like it did. I remember scrapping steel for $35 a ton... Quote Link to comment Share on other sites More sharing options...
,,,,,,comma,,,,,, Posted September 18, 2008 Report Share Posted September 18, 2008 Preston nailed it, right before the olympics started there was a claimed 200 miles of ships going from here to china, now all these scrap yards that were paying 600 a car are stuck with hundreds of them and they cant do anything, btw Preston get me those tire sizes!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
Vander Posted September 18, 2008 Author Report Share Posted September 18, 2008 So how long should it take for the surplus to go back down, and the price to go back up? And what is the current price per ton at the auto shredder. Last I knew was $295 ton Quote Link to comment Share on other sites More sharing options...
medium fast Posted September 18, 2008 Report Share Posted September 18, 2008 Around 180 a ton. Andrew, I am not near the trailers, and grandpa has been too busy to do anything besides work. I am trying to get this all taken care of. I have Firday off, and am going on a mission to get these trailers sold and make a large profit. If you can sell them for me oobviously you will make some cash. Quote Link to comment Share on other sites More sharing options...
bagsan20s Posted September 18, 2008 Report Share Posted September 18, 2008 I will have them sold get me the damn tire sizess this is andrew Quote Link to comment Share on other sites More sharing options...
Vander Posted September 21, 2008 Author Report Share Posted September 21, 2008 So how does the price of platinum (catalytic converters) correlate with the price of steel (junk cars & cores)? When steel goes down the platinum go down? What....... Quote Link to comment Share on other sites More sharing options...
,,,,,,comma,,,,,, Posted September 21, 2008 Report Share Posted September 21, 2008 yup Quote Link to comment Share on other sites More sharing options...
XChris1632X Posted September 22, 2008 Report Share Posted September 22, 2008 yup Do you have alternate personalities or can you just not ever decide which name to post from? Quote Link to comment Share on other sites More sharing options...
Tractor Posted September 22, 2008 Report Share Posted September 22, 2008 Its probably all the SUV's and larger trucks that I see going to the crusher. Its very hard to find a truck for sale under $1k now and its even harder to get something nice like a 1 ton axle set. Other than that the market probably just corrected from all the rednecks hauling their old cars/trucks to the crusher to get beer money. Evan Quote Link to comment Share on other sites More sharing options...
Guest Removed Posted September 22, 2008 Report Share Posted September 22, 2008 alot of people where hauling in junk cars.(tow companys etc) and they where making great money at it. (at 240plus a ton) but now the bottom has fell out(back to 140 a ton or so) in times of war, scrap goes up! like it has. but now election time is here, and talk of pulling out of war....well you see whats happens. the past few months scrap was been way up! but converters, aluminum etc, stile seems up from where it was last year! last year scrap was at 180 at about this time. personaly, i like the fact that junk cars are going where they belong. explaining why its up and down so much i dont really know! Quote Link to comment Share on other sites More sharing options...
,,,,,,comma,,,,,, Posted September 22, 2008 Report Share Posted September 22, 2008 Why the market dropped has already been posted. There is a giant dam being built in China, like the worlds biggest or something it has just been shut down do to the Olympics Quote Link to comment Share on other sites More sharing options...
,,,,,,comma,,,,,, Posted September 22, 2008 Report Share Posted September 22, 2008 Do you have alternate personalities or can you just not ever decide which name to post from? Lol my brother randomly signs in all the time and I end up posting on his name and not knowing it. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.