First question are you Jewish? second question what scrap market are you planning on buying into? Third question what do you know about buying, processing, shipping scrap metal? How can u accurately assess the current inventory in a market that's in a free fall. You could buy the entire company and the price of commodities could fall out on u the first day you own it. Nothing like buying a business (huge expense) then getting slaughtered by falling prices. Yards are closing left and right inventory levels are at all time lows in some yards and the mills in America are only melting at 60 percent capacity with no signs of an uptick in the next 6 to 12 maybe 2 years. It's a tough business people either respect you or walk all over you. Your competitors are constantly knifing you in the back(margin compression) trying to steal your customers and offering a few bucks more then you for the scrap. Processing is key in the business if you can't move material fast you are gonna lose your ass. I contract for huge scrapyards some process material faster then others and have preferred status at certain mills from shipping A+ material. They can pay more then you process it faster and crush your margins because you can't do it like them and they get a few bucks more from the mill and deal in huge volumes. It's really scary times in the scrap industry right now and once it's over and the prices start to rise lots of smaller yards are gonna be left in the dust and closed down. Do what you want I am just giving you a heads up that's someone's always looking to eat your lunch and they don't care if you starve it's the most cutthroat business out there.
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