Posts Tagged ‘scrap metal’
2020 Election, What will be the Impact on the Scrap Market?
Well, If we could predict what will happen, I am sure we would be hanging out in Vegas much more! With everything that has transpired over the last four years, this election is more important than ever and everybody is feeling it. On a percentage basis, the voter turnout will likely be one of the…
Read MoreHo-Hum November for Scrap Prices
Scrap dealers got a little good news as the negative price trend for scrap prices ended as November brought a $20 per ton increase for most steel prices. This increase came at a much needed time as many in the scrap industry were questioning if and when the bearish sentiment would change. While this small…
Read MoreSame Old, Same old
As we approach November, any hopes for a big change in market sentiment appears to be out of the question. On the global stage, markets are weak and at home, the continued trade war with China does not appear to have any end in sight. Add a glut of scrap inventory and mill shutdowns, the…
Read MoreScrap Metal Market Continues to Show Weakness
With no real catalyst to drive prices higher, the scrap metal market continues it downward spiral with no clear end in sight. Inventories remain high, uncertainty with regard to the US-China trade war remains and global slowness persists. While there appears to be some movement with regard to trade talks between the US and China,…
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