Fair market value for scrap

[DELurker]

Originally Posted by mman1506

We are considering CNC milling wheels to save money if we have the time. The stock to make a wheel would be worth around 50-70$ per if you use McMaster pricing. We might also make some pocketed mechanism structure. They gave us a few 5/8" to 3" thick 44" *16" sheets.

OK, then the best idea that I have is get a copy of the purchase specification. That will list out the alloy (7075) and the temper and any extra treatments and tolerances. If it's T6 or T651, then you're pretty well set using McMaster-Carr pricing. If it's T7351, try Ryerson for general pricing. Once you have that information, you can (probably) successfully explain your BOM pricing to an inspector.