Scrap You Later

What Would You Change About Your Scrap Yard's Prices?

July 19, 2021 iScrap App Episode 50
Scrap You Later
What Would You Change About Your Scrap Yard's Prices?
Chapters
Scrap You Later
What Would You Change About Your Scrap Yard's Prices?
Jul 19, 2021 Episode 50
iScrap App

"We want higher prices!" is of course the answer to this question we all want, but this is a question we always like to ask scrappers and get feedback on. In this episode, Tom discusses various things to consider before you start asking for higher prices and maybe finding various scrap yards too.

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Show Notes Transcript

"We want higher prices!" is of course the answer to this question we all want, but this is a question we always like to ask scrappers and get feedback on. In this episode, Tom discusses various things to consider before you start asking for higher prices and maybe finding various scrap yards too.

📲Download The App

✌️
Become A Patron

Support the show (https://www.patreon.com/iscrapapp)

Tom Buechel:

Welcome to this episode of Scrap You Later, a podcast made by scrappers for scrappers to answer your scrap metal related questions. Every week we'll be talking about things from prices to scrap metal stories, and we'll have metal guides and updates on the markets. We want to hear from you, so if you have questions that you want us to discuss, things you want to learn about, Scrap You Later is here to teach you more about scrap. Hey, scrappers, Tom from the iScrap App. And today in this episode of Scrap You Later, we wanted to answer a question from another scrapper talking about what they would want changed or what you would want changed at your scrap yard and their prices. Now, please don't try to come up with the answer of "we want higher prices". Of course, we want higher prices. But one of the things that we've really heard from scrappers over the years, is the lack of transparency, as well as the lack of pricing for mixed grades of material. And I know that at my scrap yard, we've been posting prices for the customers to see, since we opened up back in 1977. And as we've grown, we've expanded the price list. And of course, we've talked about this before, you know, the iScrap App and Rockway Recycling, you know, has made pricing for scrap metal so much more transparent than it used to be. But what we've seen at scrap yards, they've really had great resilience, of not posting prices, even if they're for basic grades and material. And if they do post prices, they're generally in a spot that you can't see them, you don't know if the prices are up to date. And what we have seen by you know, using Rockway Recycling as the guinea pig, basically, at Rockaway Recycling, we update the prices every single morning. So this way, when you log on to the price page, you can see that the prices were updated that day. And then we actually put a TV in at the our yard at the doors, having those same prices with the date up for the customers to see. And in addition to that we have three different whiteboards with 50 different prices that are listed on them all the time. So when you go to your scrap yard before you sell things, it's your right, and to know what you're going to get paid. You know how many times have you gone to the back, you throw the steel into the pile, you go up front, and they pay you half of what you thought or, you know, they change the grading or things like that. It's always good, especially when you're dealing with steel. Or there's light iron prepared cast iron, to ask before you dump, once the material is out of your truck. Once it's off of your trailer, think about it. How many times have you thrown things into a pile and immediately seen a grapple pull it up and throw it into their pile or machine, move it around. And now it's mixed. And while they have the weight of your truck from going on the scale before and after. That doesn't mean that they're going to give you your material back. And it creates a little bit of a tough scenario where now you're yelling at them, they're yelling at you, we're all it took was you being a little more proactive, asking questions ahead of time, learning what the prices are before you sell. And when we deal with customers on the non-ferrous side of things, and they put all these different items on our scale, we always tell them, hey, our weights are right here. So you can track the weights. Our prices are right here so you can see the prices. And before we paid them, we asked them if they have any questions. And this doesn't seem like it's something that should be that complicated. Because it isn't, it really should be very basic information. And if you can ask your scrap yards, why they don't do that, or why they don't do things as much as I'm talking about? Well, maybe you give them an idea because not all scrap yards are doing it to hide the prices, some scrap yards just do things the way they've always done things and it's impossible for them to change unless someone gives them that idea. So here's the idea. And now it gives you the opportunity to help improve your scrap yard which will help improve your user experience you'll get to make more money because everything will be changed a little bit. And these are the positive pieces of news that you can use to help yourself make more money with your scrap. So scrappers, this is Tom from the iScrap App. We hope that you've liked this podcast if you have any reactions ideas or for their podcasts or topics that you'd like us to talk about, let us know. But until next time, I'll scrap you later. Thanks for listening to this week's episode. If you're looking for more scrap metal news, you can always go to iScrapApp.com or download the iScrap App today. With push notifications giving you free price alerts, you'll always know what's going on with the scrap metal market. If you're looking to get deeper into the scrap world you can become a Patreon supporter, but you'll have more information pushed you every day and throughout the week. Have a good day. Scrap You Later.