After reading some of the discussions on the thread I have to say that people over estimating the value of any scrap is nothing new. In another thread on this forum someone was claiming that a yard gets three times the price they pay for copper when they sell to a mill. However, buy watching spot prices in the metal market you can tell that isn't true.
Also, the refiners are looking to increase capacity. For example, Echo Environmental just purchases a one million square foot facility in Ohio (
Portsmouth Daily Times - Echo Environmental operation coming to Pike County). This area really needs jobs so I hope they do a booming business.
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