Oil has dropped a bit (barrel ) If you watch once it hits $60 $61 all sorts of optimism
Yet I notice as ISIS takes over territory Barrel price drops . My feeling is,they are not a part of OPEC and once they have new land . They sell lower then OPEC . You hear all these concepts But once ISIS took over new areas with access to sell oil
prices did go down from the start
Over all the worlds markets are twisted,
much is going on .
Now we sell scrap from our hard work and resources for less
the buyers over seas are now getting resources for less . If there is a way to keep it that way to those who benefit will keep it as such .
The yards adapt & have there product purchased at lower price to sell same as always.
Us scrappers are at the loss. In the past Steel paid well so selling CU was a casual deciding factor. Stockpiling CU is not the same for me now . CU AL is needed each week to compensate steels low selling price.
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