Three simple words supply and demand. 2001 44 steel mill in bancrupty Americas production hovering at 25 percent capacity or lower. Many mills mothballed or idled. Fast forward 2011 zero mills in bancruptcy and capacity at 85 percent or more. 1500 industrial plants in manufacturing are closed each year less scrap more mills fighting over less supply. The price of scrap isn't going lower anytime soon. I got news for you at the rate we are closing manufacturing plants we have thirty years left of manufacturing get ready for the price to go higher in the future. Its a 90 billion a year industry. I remember when I couldn't get more then a hundred for prepared per ton and the market moved up or down five or ten dollars a month.