Originally Posted by
newattitude
In regards to PSC;
Its because PSC is trying to run the smaller businesses out of business (in one regard in my area). They pay higher for steel than anyone else (around here), even higher than they can sell it for. They are sitting on their steel until the market goes back up. Can they afford to do this? I don't know. Its expensive to run a shredder.
My boss at our main yard sent out a rolloff of AL cans to be bailed elsewhere and they were then shipped back bailed, ready to sell. he must still be making money on this deal because he has a can bailer there which is run every day.
As for the two big competitors in your area, IDK what the deal is but they must be saving money or making money somehow by doing this. Gotta be some strategic maneuvering going on lol.
You got that right NA. Power money @ play in this business. Steel/metals have always been major players in world economy. There's a select few that know exactly what is going on. And they manipulate the economy to suit their greedy wants. It's always been that way.
Trick is figuring how we the independent, can capitalize on them.lol
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