Prices being paid by the mill are at or under 200 bucks a ton. It's really not hard to figure out why some people in the middle of nowhere aren't getting paid anything for ferrous metal at all. The price really has no bottom right now. More mills are considering idling equipment due to the flood and by flood I mean ship after ship dumping coils from China on our soil. President could care less and only a few congressmen in heavily industrialized areas have a clue as to what's being done but get nowhere trying to do something about it. The dumping of foreign steel has got to stop. It's killing everyone from the mill to the scrapyards to the peddlers. Everyone is losing in the food chain and it can't go on for much longer or else everything is gonna close up.
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