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Saving For a Space Ship

Recycling - Ferrous Scrap Prices " Collapsed " By 25%

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More deflation ?

I've just visited the local scrap yard to be told by the manager that iron scrap prices have " Collapsed " by 25%

Stainless steel prices have also dropped significantly, Aluminium is so-so.

Metal Price Guide in previous months

http://www.letsrecycle.com/prices/metals/ferrous-metal-prices/ferrous-metal-prices-2014/

Edited by Saving For a Space Ship

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Look at the share prices of the big iron ore producers like BHP Billiton and Rio Tinto, way way down.

I hope they keep falling; ultra low cost producers, solid balance sheets, cost cutting opportunities, reliable dividend streams, M&A potential,,,just a bit lower and they'll both be an attractive buy opportunity.

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More deflation ?

I've just visited the local scrap yard to be told by the manager that iron scrap prices have " Collapsed " by 25%

Stainless steel prices have also dropped significantly, Aluminium is so-so.

Metal Price Guide in previous months

http://www.letsrecycle.com/prices/metals/ferrous-metal-prices/ferrous-metal-prices-2014/

Can go a lot lower

scrap.gif

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I'm not stealing boilers anymore!

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