A recent article from The American Recycler support this stating that stainless steel and aluminum prices have shown slight increases in both the U.S. and Canada. In reference to the competitive recycled metal’s marketplace we are in, the author describes how companies are dealing with hit.
As companies decrease profit margins in the hopes of grabbing a piece of this ever-shrinking pie, many have also tried to expand and become more of a “one stop shop” to handle as many commodities as possible. – “Recycled Metals Market: Making a Comeback,” Maura Heller
Recycled Metals Market: Making a Comeback, Maura Heller http://americanrecycler.com/8568759/index.php/news/metal-recycling/2248-recycled-metals-market-making-a-comeback
NOTE: All figures are believed to be reliable and represent approximate pricing based on information obtained prior to publication. Data is sourced from American Recycler, London Metal Exchange, iScrap App, and Scrap Monster. Advanced Remarketing Services is not responsible for the accuracy or completeness of the information provided, or for the use or application of information herein.