thorn726
Member
so i am curious guys- i do a lot of scrapping of metals, and here's the deal=
in the mid 90s, steel was about $40 per ton.
then late 90s/early 00s we had the asian economic crisis, which CRushed many industries.
it used to be almost all scrap went to Japan for cars, and everyone was funded through Japanese banks.
when they crashed, scrap crashed= for a few years it hovered around $11 per ton, a real bummer for me.
then China emerged, began huge public works projects, and genreally mobilized= result- the highest scrap prices ever= over the winter i was getting $75 a ton for steel and copper was hitting 99 cents a pound ! woo hoo!!!
now it's summer so the price is a little lower, but still generally high.
other metals are rocketing in price, and i have read how this is affecting world markets greatly.
so i assume ammo companies did Not give anyone a break during the time metal prices were at the bottom, but now that they have risen so so much, maybe over the last year or two, have ammo prices shot up???
i know lead is heavily traded, and has a pretty high scrap value also, as well as other metals used in ammo
in the mid 90s, steel was about $40 per ton.
then late 90s/early 00s we had the asian economic crisis, which CRushed many industries.
it used to be almost all scrap went to Japan for cars, and everyone was funded through Japanese banks.
when they crashed, scrap crashed= for a few years it hovered around $11 per ton, a real bummer for me.
then China emerged, began huge public works projects, and genreally mobilized= result- the highest scrap prices ever= over the winter i was getting $75 a ton for steel and copper was hitting 99 cents a pound ! woo hoo!!!
now it's summer so the price is a little lower, but still generally high.
other metals are rocketing in price, and i have read how this is affecting world markets greatly.
so i assume ammo companies did Not give anyone a break during the time metal prices were at the bottom, but now that they have risen so so much, maybe over the last year or two, have ammo prices shot up???
i know lead is heavily traded, and has a pretty high scrap value also, as well as other metals used in ammo