http://blog.pacific-recycling.com/2009/12/16/more-on-the-price-of-scrap/ Wed, 24 Mar 2010 03:27:57 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://blog.pacific-recycling.com/2009/12/16/more-on-the-price-of-scrap/comment-page-1/#comment-9784 mikew Wed, 16 Dec 2009 23:42:14 +0000 http://blog.pacific-recycling.com/?p=334#comment-9784 If I understand this correctly: On the surface you would think the reduced scrap production due to reduced steel use would be directly proportional, self adjusting and therefore would have null effect on pricing over the long run. This apparently only applies to the local situation. If we step out of the box and look globally at the whole "bathtub" less scrap means less steel available for anyone looking for it anywhere and therefore has the potential to raise prices. If I understand this correctly:
On the surface you would think the reduced scrap production due to reduced steel use would be directly proportional, self adjusting and therefore would have null effect on pricing over the long run. This apparently only applies to the local situation. If we step out of the box and look globally at the whole “bathtub” less scrap means less steel available for anyone looking for it anywhere and therefore has the potential to raise prices.

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