scrap prices

This was posted on other threads, but will be shared here as well. The international market demand is down. This forces our metals to be refined in our country. As this happens more metal moves to the middle of the country reducing the price on the coasts and flooding the market. Two major foundries in the Midwest are shut down for remodeling. Expect prices to be weak through the end of the year and then a big rebound at the early part of next year when the refineries are back on line. They will be hungry for metal. This is my gamble and as such I am preparing metal and sitting tight with hopes of hauling a lot of metal in January.