ASK AN EXPERT: Where Will Prices Go From Here?
October 2015 was the last time prices were very low. The following year, there was a significant drop in steel prices, especially in March 2016. This March is already looking better. Most economists say another drop is very unlikely as you will see in our 2017 forecast below. Some steel is made from a mixture of pig iron, scrap iron and scrap steel. Ferrous scrap metal (renewables) prices will be lower for the public then what you see on this chart. I got one caller that read the blog and wanted more money for his car. It doesn’t work that way. These prices are after the scrap metal after the car is processed. Scrapping your car is the first step. Add labour costs and the manufacturing costs and you get shredded scrap metal ready for the final stages of new car parts, part of a bridge or a stainless steel refrigerator.
SPRING BLOOMS For Scrap Cars
According to the experts, we will see a modest rise in scrap prices from March all the way to July, 2017. Prices may start leveling off or may experience a slight drop after August, 2017. I will keep you posted. October has been the deciding month for scrap price futures. It’s like the ground-hog. October dictates scrap metal prices for the next 6 months. The weather also has a bearing on scrap prices. This winter (2016-2017) we experienced a milder climate than last year. Although snow storms in places like Kansas and other spotty locations felt winter’s blast, the isolated snow storms were short-lived.
SCRAP CARS in Motion
People still ask, “What is the process in scrapping my car?” I can only speak for myself and my drivers. Our one hour services means that we will be at your place in one hour; covering Mississauga, Brampton and Oakville. The one hour services also applies to Etobicoke, Streetsville, Milton and surrounding areas. The towing is complimentary ~ no extra charge for towing. We will take off your plates. If you have a flat tire, we can pump it up. All 4 flat tires takes more work and time and we add a small charge for the added service.
The main idea is that your car will be off your property to make more room and to free up the driveway or garage. The ownership is given to the driver in exchanged for a pre-agreed upon cash value for your vehicle when you first book the appointment. If the car does not have any wheels on it, we need to send out a different tow truck – a flat-bed. Sometimes the owners forget to tell us when they book the appointment for the pick-up. The profit margin on scrap cars is low. We make an average of $20 per tow after all our expenses are deducted. It’s not high finance and people shouldn’t quibble about the prices so much.
Spring is 4 days away!!! No more snow! DRIVE SAFE!
PAUL’S Scrap Car-Removal and Disposal has been providing quality service since 1992. Call us now or send a text to (416) 822-3253 to solve any of your scrap car disposal needs. My website is http://www.paulscrap.ca in Ontario, Canada.
How to prolong the life of your vehicle?
**secrets only mechanics know** – find out from Paul, Scrap Car removal in Mississauga, Brampton and Oakville.
Thank you! We appreciate your business very much!
Scrap Car Removal in Mississauga, Brampton, Bramalea, Oakville, Etobicoke. Milton, Malton, Streetsville, Rexdale, Port Credit, North York, Vaughan, Maple, Orangeville, Erin Mills and Port Credit.