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Scrap Iron?

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Old Feb 21, 2006 | 05:56 PM
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Scrap Iron?

Over time it seems like the pile of junk equipment and scrap iron just gets bigger and bigger my dad and grandpa never throw anything away. I have had many offers by people to take That "want to take all that junk off my hands". I was wondering if it worth my time and energy to cut it up myself and haul it in? Or if I should just let someone else do it and not worry about it. I'm not about to miss an opportunity to make some cash on this deal but is it worth my time and diesel.
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Old Feb 21, 2006 | 06:02 PM
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Scrap's real high right now, I have a friend making over a grand a wk hauling cars to the shredder with a 1ton towtruck. Anybody willing to "take it off your hands" is doing you no favor.
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Old Feb 21, 2006 | 06:11 PM
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you might be able to get a scrap iron dealer to bring a dumpster for you to load up if you have enough. They do this on some construction jobs and fab shops.
It also depends on how much free time you have. Alot to take into consideration. What does it sell for per ton in your area? How far would you have to haul it? Do you have a way to load stuff too heavy to handle by hand? If you have to cut it up, oxygen and acetylene can get expensive.
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Old Feb 21, 2006 | 06:44 PM
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We've been hauling scrap metal for the past couple days $100 a ton. Make some money and get the palce cleaned up.
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Old Feb 21, 2006 | 06:58 PM
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our shops getting $.20/lb for chips.
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Old Feb 21, 2006 | 07:51 PM
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The worst part of it is most of it will have to be cut up it's way to heavy to load it up by hand and to awkward for a bobcat. The cutting part will be the most time consuming any advice on cutting tips for old iron mostly under 1/2 thick. I wonder what some of those old 4 bottomed plows weigh. Thanks for the advice I think you talked me into it.
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Old Feb 21, 2006 | 08:06 PM
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My dad has scrap ironed for the past 8 years. There is very good money in it if you are willing to work.

Prepared scrap is what brings the most money. Prepared is 4'Lx2'w'2'H. Nothing bigger than that. Anything over that is considered to be un prepared, and you lose about $1 to $1.50 a 100# for that.

Right now, scrap iron is bringing $5.50 per 100# that is the prepared price.

cars are bringing $5.55 per 100#

if the drive to deliver the scrap iron is not more than 30mins from you then it is worth the time and effort.

Think about it like this. A couple of loads a week will make enough for you to buy a turbo and a smarty If you have about 5 to 6 loads over 5 tons.

It is worth it, it is worth it. CUt it up and haul it..........
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Old Feb 21, 2006 | 08:24 PM
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What equipment do you have for cutting?
Oxy-Aceteline torch?
Plasma cutter?
Die grinder?
Hack saw?
A good plasma is the best way to go, but they are pricy.
torch is next, but your gonna be feeding it often.
The other two were just rediculous.

Edit: if you know what you have, seperate out the premium metals for some extra cash. a good 41xx will bring a premium, so will aluminums.
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Old Feb 21, 2006 | 08:51 PM
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I have to use an oxy torch there is no power for a plasma. A plasma cutter would be nice but way to pricey for what I need. I will have to call in the morning to find out the iron price, whats a good worth while price?
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Old Feb 21, 2006 | 08:56 PM
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Darn the only premium metals around here are beer cans .
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Old Feb 21, 2006 | 09:17 PM
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what ever you think your time is worth is a good price.
Premium metals also included engine blocks (cast steels)
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Old Feb 21, 2006 | 09:18 PM
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Also watch how you load it you can bury some crappy metal under hte heavy stuff and get the better price for all of it.

Randy
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Old Feb 21, 2006 | 10:28 PM
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most places just weigh the load and pay at the low rate unless you tell them what the metal is (and they will check).
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Old Feb 22, 2006 | 07:36 AM
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[QUOTE=meanfarmer]The worst part of it is most of it will have to be cut up it's way to heavy to load it up by hand and to awkward for a bobcat. The cutting part will be the most time consuming any advice on cutting tips for old iron mostly under 1/2 thick. I wonder what some of those old 4 bottomed plows weigh. Thanks for the advice I think you talked me into it.[/QUOTE1

1/2" and under I would use a #1 tip.
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Old Feb 22, 2006 | 08:38 AM
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Originally Posted by Fronty Owner
most places just weigh the load and pay at the low rate unless you tell them what the metal is (and they will check).
Not around here. They look at the load on the scale and/or a little in the unload. They will hit you if you bury to much crap. And you don't want to take a hit on a large load heavy material.

Randy
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