Key while i agree with you that the price will go up next month. I don't think more then a few dollars. There are still sellers in this market this month. They might not be selling much tonnage but they are still gonna make there margins on the material sold. Every scrap yard just lost 100 dollars a ton on there material on the ground in the last two months and everyone knows you need to have cash flow to operate a business especially after taking a hit like that. Granted you made a killing when the price was on its way up but that isn't the point. A 100 a ton is just that a 100 a ton loss that is on your books. When the price is up or down you still need to turn over product in order to keep the doors open. You can't keep stock piling or else some yards will run out of cash and borrowing money isn't something that they like to do especially to pay for inbound material. I know they borrow to pay for equipment, trucks, upgrades, etc. in some cases.
I really doubt you would want me as president because the first thing I would do is order bulldozers to start at one end of every Walmart parking lot and don't stop till its finished and flat ground. I just hate that store and the detrimental effect it has on small businesses in the outlying community and the effect its had on american manufacturing as a whole. Yeah!!!!! We want our cheap throw away Chinese junk and we want it now. Bust out the contaminated toothpaste and drywall. We need jobs not throw away crap. Remember back in the day when america made stuff that lasted and people had jobs and could afford to buy quality made items made by Americans. Sam Walton would fire everyone at that company including his own family if he would see they replaced his american made products on the shelves with whoever can produce the product cheaper then someone else. I gotta go throw up now.
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