Selling Scrap Carbide
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  1. #1
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    Default Selling Scrap Carbide

    The scrap metal dealer in my area does not buy scrap carbide. Is now a good time to sell? I don't really have a lot, maybe 15-20 lbs. Is the price up or down right now? Should I find someone local or should I send it UPS to someone reliable?

  2. #2
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    Doesn't "CarbideBob" buy it?

  3. #3
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    Quote Originally Posted by David Carlisi View Post
    Should I find someone local or should I send it UPS to someone reliable?
    I wouldn't send it UPS unless you have a commercial account with really good discounts it will be far cheaper to send in a USPS flat rate box.

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    I mostly deal in big volume users where we sort and grade tons.
    Strange to think, who the heck is scraping 2 to 5 tons of carbide in a batch?

    Two places I highly recommend for smaller batches:
    Member Tom Waltz, a good trustable, honest guy and company:
    We Buy Scrap Carbide
    and a long time source here local to me:
    Recycle Carbide - Tungsten Carbide Scrap - Carbide Recycling

    Both will not rip you off and are the good guys in this rather shady field.
    Down quite a bit for a while prices are up a reasonable amount now, not the levels they were during the shortage but decent.
    I see nothing on the horizon to expect a big jump soon as raw and virgin stock is available to feed the market demand at this point but I have "bet" this wrong in the past.

    Anything sold needs to be "clean", free of screws, allen wrenches, chips, etc. as there will be a deduction for that estimated weight and you might not like that surprise. Do not mix in cermet inserts which should be trashed.

    If over a certain dollar remember that you may get a 1099 and have to pay income taxes on your sale even if you are not a business.
    The IRS likes to watch scrap dealers and their customers as they should.
    Bob

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