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Steel prices down at my yard

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    newattitude started this thread.
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    Quote Originally Posted by junkfreak View Post
    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....
    yeah but, I can't afford or want to hold on to stuff for a possible year, year and half . Because the last time this happened thats how long it lasted. dont think what I lose now will make up for what I might get a year down the road.

    And I can't afford to lose money now and sit on stuff for later, this gal just ain't gonna do it.
    Scrapper, Scrap Yard Worker, Horse farm worker, Cooler Puller and just plain ''tired''

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