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Scrap
metal processors expect another demanding year
Prices may drop slightly this year in the scrap metals market. But industry insiders at family-owned processors across the country expect demand to remain strong. Eric Verman, president at Consolidated Scrap Resources in Central Pennsylvania said that the past year brought record highs to sell copper and stainless steel. “The steel market has had a tremendous two-year run,” Verman said. He said he is concerned that scrap metal prices will start to fall. “I do believe that prices will decline,” he said. “The biggest worry is the sudden drop that may occur that leaves dealers with high priced inventory that may significantly decrease in value,” Verman said. “But as long as there are foundries and mills to buy the scrap domestically on a consistent basis there should be no problems with opportunities to sell scrap.” CSR processes both ferrous scrap (iron and steel) and non-ferrous scrap (copper, brass, aluminum, stainless steel) and employs around 100 people. Customers include steel mills, foundries, refineries and smelters, which re-melt the CSR supplied scrap metal. |
Scrap
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