Quote:
Originally Posted by Minte
I don't understand then. No one is ever going to retire on stainless steel recycling unless you are selling ship loads of it to China. The cost to store and move a ton of stainless scrap exceeds any value it will ever be worth.
We have roll-offs of scrap metal that we sell back to dealers and I have been watching non-ferrous like a hawk for many years. There are some parts we stamp from brass and copper where the scrap is the profit on the job.
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I'm not recycling or scrapping. I buy out failed restaurants which just happen to have lots of stainless and resell the equipment. Hence the reuse. The particular load I was referring to cost me $205 which should easily bring me $4k. This was a low return load. The one the week before cost me $33 and some change. I've already made about $2k off it and as long as the buyer agrees to the shipping quote another $2k tonight and still have around $6k worth of equipment from just that round.
I think I've seen you mention you owned a restaurant or two in the past so you should know the costs. My primary focus is hood systems. If you have any idea of the cost of those then you get the idea. The $33 deal was 4 hood systems 2 9ft, 1 7ft and 1 4ft complete with ansul systems exhaust fans and heated return air units. I sold 1 of the heated returns for $1500 last week. Tonight the other will likely go for $2k.
Grant it there are other costs involved but as you can see scrapping isn't the objective. In fact if a scrapper comes in one a deal I;m doing I'll usually buy whatever it is he's there for and/or trade him off some scrap and toss him some cash because I hate seeing good usable equipment get scrapped.