June was when it was time to sell, Prices started to fall in july. My game plan is to flip the steel and alum ( they take up too much space ) and hold on the copper, brass and Ins. wire. Here is the current situation around my parts...
Shred steel was at 190/ ton in June and now at 165/ton
Copper1 was at $2.72, now 2.23. #2 was at 2.55, now at 2.03
Yellow Brass was 1.85, now 1.30. Brass breakage was .65 now .30
#2 ins wire was at $1.20 and now .93 (still not to bad)
Alum prices all dropped between .10-.05 a lb depending on catagory
Sealed units dropped from .12 down .08
Electric motors down from .13 to .10
Lead dropped .05 a lb
I love higher prices as much as everyone else, but now is when the competition drops and you get to make new contacts. Still not as bad as the last drop a few years ago.... Yet? ? ? ?
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