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The guy I get my info from usually has a pretty good read on the scrap market but at this time all bets are off. He told me it was going down before it happened but he had no idea it would be this much. Scrap is traded as a commodity and is tied to the stock market and everybody know where it's...
Scrap here was at a high of $320 a ton in July. Right now it's at $40 a ton :shock: . If you're not in bad need of cash I'd hold on to it a while and see what prices do.
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