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Anonymous Poster

how can i find out what scrap metal is doing on the stock market?

07/25/2009 4:44 PM

i can't seem to find out where everyone is getting there pricing

they always say just depends on the stock market whay is the symbol for scrap steel? or what do i need to look up to find this? any help would be great

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#1

Re: how can i find out what scrap metal is doing on the stock market?

07/25/2009 7:34 PM

Here's a link. Do you live close to London?

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Guru

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#2

Re: how can i find out what scrap metal is doing on the stock market?

07/25/2009 10:37 PM

God help you. He looks after lost souls. And you are one.

"whay is the symbol for scrap steel" says it all.

Google: scrap steel prices

What part of the earth do you darken?

Never mind.

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#3

Re: how can i find out what scrap metal is doing on the stock market?

07/25/2009 11:23 PM

Scrap prices very a lot.

Is the metal an alloy?

Is it painted or coated?

how thick is it? and so on.

oily?

any trace metal contamination?

because the metal has to be remelted and purified they pay more for metal that is pure already. Copper wire, bare and shiny is number 1 copper = top price.

and so it goes.

most scrap price sites the dealers use are members only. They do not want to educate the public.

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#4

Re: how can i find out what scrap metal is doing on the stock market?

07/25/2009 11:37 PM
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#5

Re: how can i find out what scrap metal is doing on the stock market?

07/25/2009 11:39 PM

Check "spot metals prices". It helps if you can spec the material - SS prices vary surprisingly, #1 v #2 copper can be very different, aluminum cans sell at a different price from aluminum engine blocks. You'll never find it as a stock quote because it's a commodity. Check "spot" prices - that's today's price. If you're looking at scrap metal as an investment, or as an economic indicator, then the futures market is worth looking into, but is traditionally considered one of the most risky areas of the financial markets. Fortunes have been won and lost there, but mostly lost.

Without more information on your reason for interest I cannot advise you further, but best of luck to you anyway.

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#6

Re: how can i find out what scrap metal is doing on the stock market?

07/26/2009 12:23 AM

This is what you learn from business as you involve your self in it.if you are in this business for significant length of time then you are the first person who should know the answer,

As you are connected to internet it should be very easy for you to access all these information even if you are new to this field.

There are garbage and scarp picker who keeps track of everyday prices on hourly basis. not only metals but everything they pick,

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#7

Re: how can i find out what scrap metal is doing on the stock market?

07/26/2009 2:00 AM

Scrap spot prices are bases on 50% the exchange rate of what ever commodity your looking for that day or week.

Cheers

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#9
In reply to #7

Re: how can i find out what scrap metal is doing on the stock market?

07/26/2009 8:23 AM

May be this law is right for some of the metals but I doubt it can fit in for precious metals like gold and even for expensive metals like nickel.

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#8

Re: how can i find out what scrap metal is doing on the stock market?

07/26/2009 8:11 AM

Try Googling, " metalprices.com ", it shows scrap prices, takes a little cyphering to figure out quantities listed. Packrat

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#10

Re: how can i find out what scrap metal is doing on the stock market?

07/26/2009 9:26 AM

London Metal Exchange is the global leader in pricing:

lne.co.uk

You can also search for scrap prices for <metal>

Prices also listed in all the major financial papers of the world.

regards

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#11

Re: how can i find out what scrap metal is doing on the stock market?

07/26/2009 10:10 AM

You have some really good answers here. If you think you can get a handle on any segment of the market, you will need to know much more than spot prices. After trading for 8 years, I still do not feel confident in the commodities market. The amount of information you will need is staggering.

A good teaching vehicle is 'Investors Business Daily' , but forget their advice on market movements. You'll lose your shorts. Just follow their rules, particularly on sell timing. I have tripled my money in a year when I could afford to gamble.

And just like Poker, don't bet more than you can afford to lose, "know when to hold 'em, know when to fold 'em, know when to walk, know when to run."

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#12
In reply to #11

Re: how can i find out what scrap metal is doing on the stock market?

07/26/2009 9:41 PM

ok sorry just got in what i have is 1/2 inch thick and twenty foot long plate steel that has been painted

i live in the us and will be selling it in knoxville tn wondering if it is projected to go up or down in august also i have 1\2 inch thick pipe that is 8 ft going around it and is 30 inches straight through it and would make great driveway pipe if anyone here needs any just let me know can be cut 40 ft or less and i have a straight 30 steel ladder that is in great shape and 3 big lights that is in a alum. box and is made to ome on when it gets dark

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#13

Re: how can i find out what scrap metal is doing on the stock market?

07/27/2009 4:07 AM

........and the reason local scrap merchants cannot be contacted directly is what, please?

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Anonymous Poster
#14
In reply to #13

Re: how can i find out what scrap metal is doing on the stock market?

07/27/2009 10:27 AM

I'M TRYING TO GET A OUTLOOK ON WHAT IT WILL BE AND DON'T WANT TO KEEP CALLING EVERYDAY TO FIND OUT

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#15
In reply to #14

Re: how can i find out what scrap metal is doing on the stock market?

07/27/2009 3:13 PM

OK one more time. 50% of the price, from the stock exchange, for that day!!!

OK one more time. 50% of the price, from the stock exchange, for that day!!!

OK one more time. 50% of the price, from the stock exchange, for that day!!!

Does not matter what type of metal it is, be it Au, Al, Pt, Pb, Cu or Fe. Tests can be done on site to determine what additives are present in the steel.

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