steel prices?

[Drillbit]

Have those of you who work with steel and other metals seen a hard core drop in your prices? They have gone from paying me 205 a ton for car bodies to 30. Copper and catalytic converters also heavily down. I am wondering if the consumers are seeing this dip or if I should buy stock in US steel.

 

[DiscoJen]

Dammit, I guess I'll have to stop stealing catalytic converters, just not worth my time and money in hacksaw blades anymore!

 

[Drillbit]

Dammit, I guess I'll have to stop stealing catalytic converters, just not worth my time and money in hacksaw blades anymore!

You and me both, plus looting the copper wire and plumbing out of forclosed houses now just isn't worth kicking the back door in and working all night.

 

[MarkP]

My sister works at a steel supplier. Earlier this year they had 200+ calls a day and the sales people were busy.

Spoke with her a couple of days ago and business is dead. Very few calls per day, people standing around and the sales people have zero leads. Demand has dried up, both residential and commercial.

 

[road1will]

Yeah, same here. our local scrap yard went from paying .10 a pound for steel to .02 a pound

 

[landrovered]

So if the free markets are working here then would there be a corresponding reduction in the price of meth as well?

 

[61rover]

Many metals and other commodities are way down. It was just announced this morning that the planned reopening of the Climax Mine here in Colorado isn't going to happen. It used to produce molybdenum.

 

[SGaynor]

Just read an article on commodities, copper, steel, aluminum are all down ~50% over the last few months. It'll be a while before we see it at the retail level, however.

 

[Tims95Disco]

Seems to me the retail price is still up there.

 

[jhmover]

Paper and cardboard are in the tank, too.

 

[JBailey]

I priced 1.75x .120 DOM tube around 1st of Oct. it was $5.70 per foot. 1 week later $4 per foot and sales man at BMG said it would most likely keep edging down due to lack of demand.

I doen't by much so this was just a cold call to BMG and only for 100' I expect large quantities would be cheaper.

 

[barefoot]

well, now is the time to buy any planned project materials.

is gold down as well?

 

[robertf]

here it costs the same to buy, but the scrap payments have gone down

 

[captwyo]

Well you'd think prices would be coming down. The world's largest producer just cut production by 35%, and others have followed. Of course that could make supply short and prices may or may not go down as a result.

 

[ChrismonDA]

well, now is the time to buy any planned project materials.

is gold down as well?

Yeah down 16.60 at 729.90 according to NYMEX at this time

 

[maxyedor]

I priced 1.75x .120 DOM tube around 1st of Oct. it was $5.70 per foot. 1 week later $4 per foot and sales man at BMG said it would most likely keep edging down due to lack of demand.

I doen't by much so this was just a cold call to BMG and only for 100' I expect large quantities would be cheaper.

Glad I don't live back east, the most I've ever paid was $3.50ft, right now it's down to $2.75.

Scrap metal is worth roughly nothing, got rid of a VW Rabbit shell a few months ago, they came and picked it up, and still gave me $250. Now you get to drag a shell to the scrap-yard and they'll trade you a sandwich for it, not even one with bacon on it either.

 

[barefoot]

no bacon?

 

[Ataraxia]

Seems to me the retail price is still up there.

Fucking right they are. they aren't gonna drop retail prices for nobody

 

[RoverRideAlong]

Yeah the scrap yard up in lexington bottomed out also. It is all steel. Hell over the summer I was going to old farms around here and cleaning all the metal off and making a pretty penny because the market was so high.

 

[jhk07]

since 04/08/08 copper has came down bout 36% (still too high)

steel prices (sheet metal) have increased 25% ish
I expect a price decrease in the near future 2-3 months.

I have heard locally to forget about going to the scrap yard. either closed or aint paying much.

I dont want anything to come down too much too fast....

we wholesale plumbing/ hvac etc