fastolds
Hot Rolled
- Joined
- Jan 14, 2004
- Location
- Fulton, IL
I just turned in some scrap and got $9 per pound. I was expecting $6 or $7. Who has the best price?
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You can not expect the price of anything to hold steady over four years. that is how old this thread is.
Bill D.
See here: We recycle carbide scrap, tungsten scrap recycling, grinding sludge recycling. | Carbide Recycling
www.carbiderecycling.com - loacted in Walled Lake Mi.
These are good honest people, but note that this is a legit scrap dealer. Cash in more than $500.00 worth and if the check does not go to a business you will get a personal 1099 and have to pay taxes.
You should get $9.00 to $10.00 right now even if its just 10-20 lbs. Heck, I'll pay ya $8.50 for clean if you cover shipping.
Lots of under the table local dealers out there if you want to play this game. They all pull some percentage off the top to "wash" your money.
Up to you if you want to try to scam the IRS. My volumes are too high to even think about trying this.
Wherever you go shipping can kill ya. Keep this in mind
To get the best price your scrap should be "clean". Wash the parts in a bucket of soapy water, no mixed in steel or screws. If it's dirty real dealers will deduct some weight.
Quoted prices are for carbide, not packages, unpackage any tools before shipping or the dealer will deduct a tare weight (and they always err in their favor).
Carbide with braze attached yields a lower price tag, currently 9.00 per pound.
If you are sitting on very large weights sorted by grade you can negotiate slightly better prices directly with some of the major carbide suppliers but this will vary highly depending on what they need on any given day.
We are at record highs in the market but I'm gonna wait as next year looks very interesting and I'm not sitting on that much.
I've had as much as 40 tons in the back room when I played more in this game.
I've also been burned seeing the price drop from $7.80 to $3.20 in two months. You place your bets and you take your chances, but there is not that kind of volatility right now and nobody the size of the China "big three" to come in and flood the market.
As Curtis said in another thread prepare for some good size increases in carbide prices next year. If you are doing budget forecasting think 10-25%.
Bob
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