Scrap Prices Rise – When Will It Stop?

All across the country, we continue to see stories like this one. Scrap prices are up and the availability of scrap is low. With manufacturing having taken such a blow during the recession, the inflow of scrap iron has dropped off dramatically from a couple of years ago. The question is, then, how long will this shortage last? The easy answer is to say “until manufacturing picks back up.” The tougher answer is trying to predict when that will be. What do you think? How soon will we see higher levels of manufacturing and thus a larger supply of scrap?

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