Posted by Oliver662011 on October 12, 2015 at 23:45:51 from (98.31.59.192):
In Reply to: Scrap steel $30/ton??? posted by fred werring on October 12, 2015 at 18:51:49:
I agree it is best for the vintage equipment market if scrap stays low, lower the better. While it makes getting rid of your junk kinda stink, and it also drives down prices in general in the farm auction market, only stinks if you are selling. On the plus it means lower prices (good for buyer) and it also protect equipment from being scrapped that shouldn't be scrapped just because someone sees a easy couple hundred. Last time I sold some scrap was around Sept 1st. Low quality iron was about 3.5 cents and high quality steel was at 4 I scrapped a crown electric walkbehind Hi-Lo from a K-mart, I bought it at auction. Had already had a lot of what was usable stripped and needed batteries (cost more than machine if it was operating), bought for $5 and scrapped for $130. Not bad ROI also helped offset the cost of my new to me JD 14T baler, and International-Osborne rake I bought. If I remember correctly it weighted around 3500-3800 lbs you do the math. Just my 2 cents
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