Possible Future of Scrap Metal Prices Not So Good

Originally Posted by CMHN

I think the biggest thing right now that will impact scrap prices is the end of the war. At my company we noticed the price of metal drop a little and were not sure why.

On another note, I hope the price does drop again, you will see these new vultures go back into their caves and let the scrapping to the truley dedicated recycler. Back when the price was $20 a ton I was the only scrapper on Craigslist list and I would have a full load of scrap every day of the week. Now that the price is high there are hundreds of ads on Craigslist along with a flagging war and I can barely get a load a month because of the vultures. When the price goes back down and the vultures actually have to work for the money they will be nowhere to be found and back collecting wellfare.

Ok rant over, you can now enjoy the rest if your program.

I think you are right about the end of the war. I too have done a lot of scrapping at $20 ton iron, 25 cent brass, 60 cent copper... I didn't end up scrapping a lot of the iron because I could sell it as useable but then the economy was better back then too. If I tore down an old warehouse, I'd have all the corrugated tin sold before I ever took it down. Same with water tanks and towers... It's tougher to sell for reuse now, but I think essentials will increase as economy continues to decline though I may end up trading a lot more than selling for cash - barter works too!

Look at any restaurant or mall parking lot on a Friday night. Parking lots full of new cars. Recession my a@&.<<

lets first look at all of the closed malls and restaurants. they are no longer in operation. ergo, their are fewer over all customers. then we will look at the % of the total population that the remaining business' represent. is their current customer rate simply a result of of gaining new customers from the business' that have closed? and then we can look at their seating ratios vs gross and net during the rest of their business hours. is friday the only night that is profitable? what is the net rate comparison. how does that compare to the last 15 years.


Parking lots full of new cars. Recession my a@&<<

i am curious. do you think the economy is thriving and healthy?

Originally Posted by rbrooks715

i am curious. do you think the economy is thriving and healthy?

My glass is half full.