I sold steel ,all grades any grade, for $20/ton all thru the 90's, and told people here when it started slipping in january to look out, all I heard was "i'm going to hold"... I don't
know what to say steel is still slipping, Cu and Al are sluggish at best, Nickel is completely bombed, and will never bounce back. nickels uses are going away and creating a glut, there are so many Stainless steels now with little to no nickel the market is glutted, not to mention the Russians are selling it off like it is free to support their non war wars

really the only people seeing any good from this is the MRF's because people have stopped curb shopping so MRF's are seeing the scrap they should have always seen, of course it is near valueless so "shrug"



V/r HT1