Scrap Aluminum Prices Vs. Aluminum Soffit Prices

Jer

One of my guys just got back from the scrap yard and handed me the reciept for a 458 lb. load.
When I saw that the scrap yard per lb. price was 20 cents I couldnt believe it.
We have been doing so much hardi plank in the last six months that we had'nt cashed in a load of scrap aluminum since August.
Just out of curiosity I dug up the receipt for that load and it was 58 cents per lb.
Is'nt it funny that my prices for a panel of aluminum soffit have not gone down a penny since August?
Time to start beating on our suppliers guys!

Patrick

Aluminum siding and soffit products, arent a huge seller. Chances are most of the aluminum siding and soffit that your suppliers have is old stock bought when the price of aluminum was on the rise.

Common aluminum items like coil stock and gutter stock have already come down since they buy lots of that stuff and have high turnover.

Suppliers stay pretty competitive, if any one of them could drop the price they would simply to get an edge on the competition.

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Originally Posted by Celtic
Like I said...I'm sure you are very good at what you do ~ whatever that is and where ever it happens.

Jer

Yeah Patrick I see your point but aluminum soffit and fascia is still very widely used in my neck of the woods.
I called my Alside rep this morning and vented a little.
He says he is going to re-work my pricing right away and says he will lower my per panel soffit price by about seventy cents which will help.
I'll be talking to my other aluminum suppliers this week!

thesidingpro

I don't recycle but my guys take it up there and get a little extra cash.

They have a bunch but like you said it was .63 here a year ago. Now it's low 20's. Who wants to take that big of a hit.

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bwalley

Aluminum and Copper vary from time to time in what they bring in scrap prices, but it takes awhile for the prices to go up on materials and it also takes awhile for them to come back down.

We were getting $3.40 a lb for #1 copper about a year ago, yet when you go buy wire, it didn't have a huge price increase, now that copper is back down in price, I doubt it is much cheaper.

Copper pipe has gone up and down some, but not as drastically as one would think.

The biggest problem with copper and aluminum when prices are up, people steal it and it makes getting a job roughed in difficult.

FlashingMaster5

We have the same effect. The price of oil is way down from last winter, gas is no longer $5.00 per gallon. But our shingle prices have not droped one penny in over a year.

Tom Struble

i think they use a different type of crude for shingles,sour crude i think its called

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Tom

ABKY

Go back for about 2 years and you can see that scrap aluminum moves with gas prices. When gas was 4 bucks aluminum was 75 cents here, As soon as gas goes down, aluminum follows. I have no idea why but thats the trend around here. Hope aluminum stays down!

FlashingMaster5

If that is the case, I hope alminum prices hit rock bottom.

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