Financial crisis and scrap value

[Keith Webb]

Just reading a post from Salesman Bob in the McGrath trailer thread which I thought was particularly significant:

Originally Posted by Bob Moseley

Re. scrap value, I was talking to a scrappie today and he said he is now only getting about $130/ton as opposed to $300 not that long ago.

Just goes to show something good can come from the financial meltdown. This would have to slow the rate at which the scrappies are outbidding collectors at clearing sales.