Scrap Market Remains Steady

Mixed Scrap MetalsDemand for scrap metals from Asian buyers remains steady.

Transportation, fuel and labor costs continue to hamper some in-land dealer efforts to get materials to the best paying markets.

Some domestic scrap metal dealers continue to stockpile goods in hopes that the high scrap metal prices of Spring 2008 will return.  The odds of this happening any time soon are very speculative.

Lack of US foundries and lower foreign wages continues to drive scrap iron, copper and aluminum to overseas markets.

Some scrap metal collectors are beginning to adjust to the 'so-called new economic reality' of cautious buying and selling of metal commodities.