Eiffel Trading 101: What is Used Sheet Pile Actually Worth?
We have been in the business of connecting buyers and sellers of used sheet pile for over 4 years now. Throughout the past several years we would get the same questions from different customers wanting to sell used sheet pile - What is my sheet pile worth? Are certain sections worth more than others? Are my short sheets marketable or should I scrap them?
What is my sheet pile worth?
The answer to this question isn't as simple as it seems. There are a range of factors that can impact the value of your sheet pile. Geographical location is one of the biggest factors in valuing used sheet pile, solely due to the cost to transport the material out of remote areas. If you are in one of the coastal regions - you're in luck - your sheets will demand top dollar!
Are certain sections worth more than others?
The short answer to this question is yes. However, it can also depend on the timeline for wanting to move the material. When you have a large section such as an AZ48-700, those aren't as common as a PZC-18 or PZ-27, which will mean you're one of the only guys on the block selling large sheets. By being the only Seller in town, you are able to demand a much higher price for your material. A word of caution - just because you can demand the higher price, doesn't mean you'll find someone needing that exact material right away. Lucky for you, I know a place where you can advertise them to a global audience.
Are short sheets marketable or should I scrap them?
The word scrap always makes me cringe when it comes to any type of used steel. Short sheets are very marketable, however they won't demand the price of a 30'+ sheet pile. You are still better off selling your short sheets at around $0.20/LB than scrapping them for $0.09/LB.
Answer the Damn Question - What can I Sell my Sheets for?!
We are nearing the end of the Q1 of 2018 and current market rates for new sheet pile are in the $0.55/LB range. In this same time frame we have moved millions of pounds of used sheet pile. On average in Q1 2018 our sellers have taken $0.32/LB to the bank.
As mentioned previously, we hate seeing any steel go to the scrap yard. Let us help you sell your used or surplus steel at www.eiffeltrading.com. For any questions please call 1-800-541-7998 or email firstname.lastname@example.org.
Andrew Norman is one of the co-founders of Eiffel Trading. His background is in Heavy-Civil and Marine Construction in Project Management and Procurement. While working in Project Management he liquidated a joint venture selling assets from used sheet pile, access trestle, pipe, vibro hammers, impact hammers and other miscellaneous items. He carried over experience from the joint venture liquidation into co-founding Eiffel Trading.