Posted: 11/1/2013 3:07:36 PM EDT
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How or what do you do to monitor prices in your AO?
I have a couple hundred pounds of #1 Stainless Steel and another couple hundred pounds of #1 Bare Copper. Im not hard up for money (and the pile continually grows), so I can hold on to it until prices peak, but how do you know when that is? I heard of SS being up to nearly $50/lb at one point, and as low as $0.25 at others. I just brought in a load of light iron and asked the guy there, said right now SS is 38 cents/lb and copper is $2.65, so its not going in right now. 
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| I just google the commodity prices for industrial metals once a week or so looking for trends. When prices are on the rise I watch more closely and start calling the two dealers in my area that I deal with. When I feel good about the price, I load up the truck and drive it down to the dealer with the best quoted price per pound. |
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copper will be roughly 2.75-3.75 depending on bare bright,no.1,no2.
Stainless will between .50 and .80. Prices are per pound. Edit: Try to find different scrap yards, sounds like you deal with a smaller one thats selling to a foundry instead of having their own foundry? |