As I watch prices drop on paper , I have an emotional response - Is the game over ? Is that secure feeling over ? Will prices rebound ?
Do I even want them to rebound ? I like putting $5 in my truck and driving further .
Then I sell off a load & I am paid $92 bucks and I think thats not bad , sure 6 - 8 months ago that would of been $150 but $92 is fine .
So the emotional response is not factual for me . See I always paced my self in the scrap biz . I never pushed it's full potential . I dare say
I save more scrap then sell or keep equal stock . more or less .
Since each week $200 $300 or $400 is my goal . Price fluctuation is conquerable . If It keeps dropping eventually I'll see a bottom line
for me . .2 for mix is about it & naturally how long it takes to retrieve it to truck .
Lets say future prices go
Mix @ .2
AL @ .30
CU @ 1.00
A trip in a normal size pickup or van could still make $100 .
Scrappers that dismantle will be able to ride out the low tide cause we pull the most from what we have .
Scrappers who sell tons of scrap at a time will manage also
But particular the scrapper who sells just mix for .10 or .08 and no desire to dismantle ,those types will disappear
& more scrap will be there for the bulk scrapper and dismantle type .
Brace your self readjustment is on it's way.
Best of all the so so scrapper will laugh when they see us pick up a fridge & say I used to do that ,why bother dude .
I'll say yep your smart to get out of the game , as I drive to the Bank .
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