So today starts my adventures into the world of blogging. Let me first start off by saying that I am not a great writer, nor am I particularly funny. I will have spelling errors and some things I will say will most likely offend someone.
Ok now that that's out of the way let's get started! The scrap world is in upheaval right now, with pricing lower than we have seen since 2009. What does this mean? Well, the obvious answer is less money for your items, more frustration as yards clamp down on extraneous materials that have no real value or are too hard to clean up. The flip side is that our yards are hungry for material and will probably treat you better than we ever have before. Well, not RZR Recycling since our level of service is constantly top notch ( shameless plug I know).
Seriously though, steel is as close to actual garbage as possible. If it continues its downtrend there may be no payment or outright refusal of steel to the yards. The forecast is bleak and value is expected to stay low for some time.
Copper continues its dance, going up and down by the day. With winter coming we may see some larger drops and of course, angry clients as a result. So how do you avoid the devaluation of your materials? By bringing them in now while prices are relatively decent! Don't be the guy who who waits and waits only to find out he missed the boat. Always better to sell and lock in profit rather than hold and pray.
Anyway, I know it sounds like doom and gloom but just remember everything that goes down must come up. Well, except for crashed planes and my wife's patience level, but that's a blog for another day.
Enjoy your day and get scrapping, our children's futures depend on it!
"Life is not about how you survive the storm, it's about how you dance in the rain."