Like they say....... "Supply & Demand" Of course I can't speak for all area's, but as far as the upper Mid-West, the fluctuations in scrap market pay-out prices is fairly normal this time of year. The Market trends for the past 5- years show the same up's and down's, at least very closely.
It's always a great feeling when you expect 180.00 per ton and then find out at the window it's up 20. or 40.00 per ton.
You know another thing that can effect your local market is the local Hvy Industry, ie; if you have a Foundry near by (like I do) and they suddenly need more shred / sheet, iron, that will bump up my price instantly. We have been steady with sheet at 260.00 ton for two months because of the local foundry, but it was just lowered on monday down to 240. ton ( LG Quantity)
I have to get back out there to work, Everybody Have a good Safe day out there!!
Hey one more thing: Seat Belts saves lives, in auto's as well as in Equipment.
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