My threshold on ferrous scrap is $350 a ton. It was slightly higher than that several years ago in eastern MA. It meant that every truck load was worth $1000.
But I agree one should not sell good inventory. It costs too much to replace and it's inconvenient to make the trip to the steel warehouse.
As for selling to the Chinese, it makes no difference and, unless you live on the west coast, you can't be sure it is going to the orient which includes Korea (big shipbuilder) and Japan. East coast scrap mostly goes to Turkey and India. Alot of midwestern scrap goes to U.S. mini-mills. It's a world market and U.S. scrappers can thank the Chinese for the high prices. Most of the exported scrap goes to building the infrastructure in that country. All rebar metal is sourced from scrap.
I suggest that you stop beating your chests about bombs comings back. We owe the Chinese a trillion dollars and they won't destroy their debtors or risk their own destruction. That's bad business.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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