Originally Posted by
newattitude
I was working at the other yard today and that boss told me he heard steel is going to drop another $30.00 ton next month. Now, I don't know if it will happen or not but I think I'm going to turn in anything I've stockpiled just in case!
Its kind of a catch 22 situation with steel. I was on the fence about hold or selling.
But circumstances ended up dictating that I hold on to it. But I have a place for it, everyone has their own unique situation. I don't pay for steel so its not like I have to keep it moving.
But totally understand the panic with prices dropping.
One lesson I learned in school about the "Great Depression", the smart ones were buying not selling.
I believe opportunity is knocking for those that are in a position to take advantage of these low prices.
Just one mans opinion....
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