Hearing some bad things for the steel market coming up. Possible prices will drop another 100/ton......
Hearing some bad things for the steel market coming up. Possible prices will drop another 100/ton......
Last edited by greytruck; 02-01-2021 at 03:16 PM. Reason: spellingks
$8.00 a hundred or 160/ton here in east NC...Highest price for shred in years, Copper went to $3.75 yesterday, starting to see prices climb!
There might be a couple of things. The Chinese started buying again.
Energy prices took another jump this week at the oil company where i work. Home heating oil & kerosene went up. Gasoline went up. Diesel fuel went up twice. We're expecting prices of 4.50 - 5.00$/gallon for regular gasoline within the next few years. (There's a lot going on right now.)
I'm regularly seeing junk cars on flatbed trailers headed for the scrapyard this winter now that steel prices are up.
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