So does his win help scrap prices down the line in the long run? Was curious if prices will rise considering he wants to rebuild so many things and rebuild our military. Companies might start rebuilding again in the US. (Any thoughts)
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So does his win help scrap prices down the line in the long run? Was curious if prices will rise considering he wants to rebuild so many things and rebuild our military. Companies might start rebuilding again in the US. (Any thoughts)
I would hope so, but it depends on what and when he rebuilds.
If what he says he wants to do comes to fruition, then hopefully demand will start to rise, which will carry over to other countries in which their demand will also rise. Somewhat a bit of a dampener is that demand for fuel will also rise. This will be a two edged sword. A rise in fuel prices means a rise in scrap prices, but it also means more we will have to pay out of our pockets for anywhere we want to go, scrap related or not.
I think I saw something about the DOW freaking out last night. Not sure if that's stabilized or not.
Make America great again first and foremost. I think Mr. Trump is going to turn this country around and create more jobs and manufacturing. Plus bring back manufacturing that was outscourced. In turn more demand for domestic raw materials. More demand for scrap. He is just the guy to eliminate the Federal roadblocks that stand in the way of progress that has been stagnated the past 8 years. I think scrap prices will begin to go back up now. Like gas is slow to come down scrap will be slow to go up.Quote:
Originally Posted by NinjaGal
It's likely that scrap metal prices will go up during his time in office. We will be exporting quite a bit of metal to other parts of the world.
Uncertinty (sp?) on what Trump will do as President is a big factor on copper prices. Manufacturing companies, foreign countries, and others will stock up on certain metals while the price is low, hedging their bet on a spike and sustained price on these metals. Buy while the price is low.
Although a spike in copper may not be sustained one...
This is a little off topic but it relates:
People are people and we're all just human. We've got some pretty good analysts at the CIA and what they do is gather information on all of the different world leaders in order to get a fairly good idea of what kind of people they are. What it all boils down to is that people are pretty predictable in how they will react when you put them in different situations. That's especially so with older folks because they become pretty set in their ways.
If you know what to look for Mr. Trump is an open page.
Take it from an old scrappah .... that man loves a good fight. ;)
Don't hold your breath waiting for the return of manufacturing plants here. It will be tough to compete with the low wages overseas. Don't get me wrong, I would love to see manufacturing make a comeback. But I just don't see it happening in the next four years.
It's hard to compete because China manipulates the value of its currency. Trump has said this and hopefully he can fight back somehow. Anything is better than nothing.
Quote:
Originally Posted by APA
Trump says he will alter the free trade, add tariffs to imports, which will cost more to import products. It should encourage domestic production. He also says he will lower the corporate tax rate to 15%, so also It should encourage domestic production.
First to answer the question, I believe scrap prices will increase but not to the artificial level they were a couple of years ago. Part of this will be caused by supply and demand and some based on rebuilding the infrastructure. Conflict in the Middle East may also have an impact. I think Trump has some lofty goals, but the reality of politics will slow down his timeline. Future foreign policy may cripple both China and India and put the brakes on global demand for scrap. Therefore I believe the increase in prices will be natural and not the result of leadership in the Oval Office. The demand will come from within the U.S. Just an opinion.
If you look at our history .... we tend to pull ourselves out of economic recession with war. That ramps up domestic production and gets things moving again. Our military industrial complex is still largely intact.
It's probably fair to say that Mr.Trump is what's called a shark in the business world. They thrive on creating chaos and shaking up the status quo because that creates certain opportunities that they can use to consolidate their power & control over a situation. My personal opinion is that he would have no problem with getting us into a war that would seize vital resources or territory from another nation. Sharks by their very nature are predatory creatures.
That's why i was saying before that we would likely be exporting large amounts of metal to other parts of the globe. ;)
Sheesh .... all of those big guns, battleships, deuce and a half's, APC's, Humvees, and tanks weigh a ton and then some !
EPA is all I can say... we go to war we will have to import metals in order to have enough. And if we could re start all our steel mills and other factories, every day there is less and less people who knew how to run the equipment to get them running. Out here we have a air force bone yard filled with planes that could be ready to fly if needed but same thing not enough people who still know how to run them!
I think Trump will help the markets. If the economy improves under him, the other thing nobody's addressed is E-Waste. If businesses are doing better, they'll have more money, and will use some of that to purchase more computers, and they won't keep old ones as long. That will help all E-waste people on here, and for those who do more than scrap value resale to a buyer like me should do better too, since you'll be seeing more parts, and they'll be newer
i hope im wrong but i believe Mr Trump is just another puppet, like all those before him.
the puppets may change but the puppet masters remain the same
so it will just be new faces doing the same old things.
There's a viewpoint that says the game is rigged. What it comes down to is that a smart puppet master will always find a way to turn the situation to his/her advantage. It makes no difference whether it's the Democrats or the Republicans that are in power. They just play the game a little differently depending upon who is in office. It's even better if the two sides are busy fighting with each other. That way they are no threat to the power of the one that's pulling the strings.
It's like the old song from "The Who" that was released back in 1971. It was titled " Won't Get Fooled Again " and the lyrics go " Meet the new boss ...Same as the old boss.
It doesn't seem that far fetched but it's hard to prove.
Truth be told, it would be pretty hard to assemble a global conspiracy of the ruling wealthy elite and have it last for any amount of time. There's too much backstabbing with that class of ruthless people. They're all out for themselves.
There's a really good article on Neoliberalism & Mr. Trump that i ran across yesterday.
https://www.theguardian.com/commenti...george-monbiot
One would think that something with liberal in the name wouldn't apply to him in the least .... but this is something that's more about the law of the jungle where the strong and powerful take the weak. It fits pretty well with how a shark in the business world operates.
I'm wondering what it would look like if we got into a conflict with the Chinese.Quote:
Originally Posted by Patriot76
Maybe a proxy war like Korea where China was backing the North Korean communists and we were backing the Democratic South Koreans ? Vietnam was another one of our proxy wars with the Chinese.
I would really look into what's been going on in the South China Sea. It's a complicated situation that hasn't getting very much news coverage here in the states.
Trump Expected to Take Tough but Brief Action in South China Sea
Can you imagine ? We get into some kind of war with the Chinese. That cuts off all of the Chinese manufactured goods being imported into the U.S. That cuts off all of our exports to China.
That would be a real game changer for our scrap market.
I cannot disagree with any of your points. I am in favor of confronting the Chinese and a trade war would be right up Trump's comfort level. To get to the trade war I think flexing our muscles will force the Chinese to back off. Although they have the advantage in numbers, the US has the military strength and equipment to force a retreat. Then starts the trade war. The Chinese have much more to loose if trade is suspended. The best thing about Trump is that he is unpredictable and that makes other world leaders hesitate. It will be an interesting four years, so buckle up and enjoy the ride.Quote:
Originally Posted by Scrappah
https://www.thebalance.com/u-s-china...utions-3306277
World Military Strength Comparison
I hope this is not considered an attempt to hijack a thread, I think this confrontation will have a huge impact on scrap prices.
The Chinese do not want war with the US. Yet. They know they would lose. They want to build their military on par with the US and control the entire South China Sea for economic and strategic purposes. And I am parroting a top chinese official.
If you or we go to war, prices will rise. We are a war nation. In the last eight years, we have decreased our infostructure and military. Trump is big on infustructure; this is how his businesses have been successful. So I believe he will do the same for the country. Raising the price of metal because it will be needed here in the US. We WILL not have enough to cover those needs on the ground and might even need to import some.
If we finally put troops on the ground, then we will need even more metal for the war effort.