[TheForge] Scrap steel prices

[schade at acegroup.cc]

On Oct 27, 2008, at 2:30 PM, Ron Childers wrote:

>
>
>
> I just sent several tons of heavy scrap to the salvage yard- Useless 
> stuff
> like cutting drops and old parts- nothing useable. Prices are way down 
> from
> just a couple of weeks ago. Also took a hit on 660# of aluminum and 
> copper
> was really low. Anybody know why? A few months ago the copper fascia 
> was
> stolen off the building across the alley and all of a friend's welding 
> leads
> were stolen out of his shop. Prices were high enough to take the risk. 
> Maybe
> now is the time to buy rather than sell.
>
> Ron C
>
>
I saw an article a few days ago about scrap dealers that were caught 
sitting on piles of aluminum and copper scrap that is now worth much 
less than they paid for it. What goes up comes down (sometimes anyway). 
I paid $2.29 per gal for gasoline in Rushford Mn this morning.

Bob