Steel prices fall out of the sky. Bronze at all time high.

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viacin

Well-known member
Joined
Sep 30, 2008
Messages
344
Location
Alabama, USA
For those of you that collect steel scrap. The price per 100 lbs droped 62% today at my local scrap yard. It went from $14/100lbs to $5/100lbs (a 10 year low) in one days time. I do not know if this is local or national, but I do know that (new) steel prices droped severly as well. It would seem the market is saturated.

On a plus side for the PM scrappers, Bronze and Alu. are at a all time high at my local yard. Keep on truckin' PM!
 
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