What to do with 330Tons of Scrap Steel?

alrite so i know this is off topic, but i have a project for school right now and it is a real problem a business is having. They manufacture parts for bulldozers and heavy duty equipment, and they are left with 330 tons of scrap steel every year, currently they sell it to a guy at about .09 cents a lb. but are still losing 250k on the offer.

any ideas on what they can do?

keep it for the next year. Melt and re-use haha idk shit bout steel btw

They could do this with it. . .

http://video.aol.ca/video-detail/ground-zero-steel-boat-in-nyc/144115230365883033/?icid=VIDURVNWS03

alas if only it was 331 tons I know someone who knows someone who met someone once who would pay millions! Still c'est la vie!

<EDIT> Re-read post... never mind.

How about making some sort of steely product with it that would naturally sell for more?
No idea what though...

Interesting, yet odd.
How would you lose 250k on scrap (junk) when you are offered 9 cents a lb.?
Seems $.09/lb is an extremely generous offer...

AffiliateNinja said:

alrite so i know this is off topic, but i have a project for school right now and it is a real problem a business is having. They manufacture parts for bulldozers and heavy duty equipment, and they are left with 330 tons of scrap steel every year, currently they sell it to a guy at about .09 cents a lb. but are still losing 250k on the offer.

any ideas on what they can do?

Click to expand...

They should structure a deal w/ their steel provider to rebuy the scrap on an ongoing basis. As the steel provider delivers steel, have them ship back scrap, thus saving on transportation costs. In addition, the business would save on storage costs. I would imagine the steel provider could recycle the scrap.

In such a competitive market, I'm sure the business could structure a competitive deal.

sell it direct to china thats where most of the recycled scrap is sold from the usa

In the usa cash 4 clunkers just flooded the scap steel market so i am sure the price is down right now.

best bet is to find someone that can use it as is, and not have to go through all the shredding needed to export/transport

Make "art" or "furniture" out of it. There are many construction companies looking for alternative "green" ways to make things.

Advertise on Cl that you have the best junk steel available and send them to affiliate offers to qualify them.

Seriously, this is not the forum to get that answer.

it's not worth much more than that if it's sold as scrap :-/

look for ways to reduce the scrap if at all possible (optimizing cuts, etc)

My $0.02....

First off, you'll need to know as much about this 'scrap steel' that you can find, including:

A. The LOWEST cost the current business is willing to accept for it.
B. If they're willing to 'ship it' overseas possibly.

Once you have that, do this:

1. Head over to triple "w" <dot> alibaba <dot> com
2. Click on the BUYERS tab.
3. In the search box, type in SCRAP STEEL
4. Go through the results and see if you can find a buyer for the type of scrap steel that is available.
5. If there's any good candidates, create an account <fast & easy> and then contact them and let them know that you've got what they need.

If you are able to find a potential buyer, keep the email to the point and just let them know that you saw their posting and that you might have exactly what they're looking for. Depending on where the potential buyer is located (USA, India, China, etc., etc,.) I would expect a response w/in about 2, maybe three days at the most.

That being said though, you might want to contact as many potential buyers as possible, in order to increase your chances of finding the right buyer.

Excess inventory management is much like affiliate marketing...you find what someone NEEDS/WANTS and give it to them!

Once you've found a buyer, simply negotiate the 'deal' so the business w/the scrap metal gets a fair price, the buyer gets the steel for whatever price they're willing to pay and you make a few $1,000+/- in the process!

Don't forget...someone's garbage is someone else's treasure!


Hope this helps?

H2oBoy