My view of pricing was always much more simplistic. Scrap prices and fuel prices are tied at the hip. When diesel hit nearly 5 bucks a gallon I was getting 14 a hundred for scrap cars. As fuel crept down so did scrap. The higher fuel costs are, the more it costs to mine and refine new ore, so the more the foundries will pay for scrap. There are of course all kinds of economic factors that determine the prices you'll receive, but the one that anybody can monitor with little effort is fuel. This is course merely my subjective opinion.
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