Was talking to a kid yesterday that works full time scrapping/car hauling with their family. They said the west coast port shutdown stopped exports of scrap off the west coast and now ports are opened back up and they are shipping again this might have caused a shortage in the supply chain. Went to the yard today 3 cents shred since I had to move some appliances and don't have space.
"With falling commodity prices, recyclers are already having a tough enough time," Horne said. "The ports slowdown is now an additional obstacle to markets that do exist. Scrap is the top export by volume out of the ports of Los Angeles and Long Beach, and roughly $9.4 billion in scrap passes out of West Coast ports every year. A complete shutdown would have a crippling effect on the industry and cost American jobs."
Bookmarks