From a recent Wall Street Journal article, members of the industry have been making some comments on the subject. Joel Litman, of Texas Recycling Inc., said “if China doesn’t take it, you can ship it to other places, but nobody has the capacity that China does. Bruce Keizler, of SA Recycling LLC, would go on to say, ” if you cut out the exports, there’s going to be an abundance of scrap around, and that’s not healthy for prices.”
Aside from a general market concern here there is also a very real concern that recyclable material will end up in landfills if other buyers besides China can’t be found. We will be following the growing trade feud between the U.S. and China and reporting on any effects to the scrap metal market.
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.