Top 20 Scrap Processors
Wednesday, May 6th, 2009Well, we didn’t make this list – yet. But, if we did, we would be the only one with a blog. Maybe next year we’ll be on the list.
Well, we didn’t make this list – yet. But, if we did, we would be the only one with a blog. Maybe next year we’ll be on the list.
While this news isn’t very heartening, let’s try to look on the bright side. At least when the automakers go to purchase steel to make cars, the steel will be at a greatly reduced rate so they should be able to cut their losses to the point they may actually make money. And, according to our good President Obama, this would bode well for the US population because if GM and Chrysler can be turned around and make money, our investment of however many billions of dollars will pay off and we’ll all get additional tax breaks. So, there you have the silver lining to the dark cloud of the depressed steel market outlook. It’s ok, no need for a standing ovation, just send me money so I can buy one of those new cars.