Good Day Everyone,
The stagnant markets for all scrap metal continue to stumble along. It doesn’t matter what level of employee, operator, management or owner you fulfill in this industry you can help but be bombarded by rumors. The rumor mill runs especially strong when things are great for this or any other industry. The latest and most consistent rumor is that ferrous scrap metal is poised to move down once again in the next several weeks. If you read the available news and talk to scrap metal insiders what you will take away is that prices – volumes and sales will definitely go up and down or remain the same. I should apologize if anyone reads this to learn something but even the calmest most reasonable people get frustrated when there is no guidance that can be counted on. Stay tuned and try to make some sense of this next week.
Wayne