Quote:
Originally Posted by lamboguy
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That article about Cleveland Cliff has statements that make no sense to me.
Their website is full of a bunch of fluff and lacks information a person with a technical mind is interested in. The article and some of the buzz words on their website had me thinking they recycled scrap which a lot of milling operations do. In their Wiki article it claims all their raw materials are mined
at company owned mines.
Also why does your linked article mention scrap prices? They are neither making scrap or buying and finished metal stock prices drive scrap prices, not the other way around.
Also what is up with those posted scrap prices? $490 a ton claimed in Cleveland? It is $120 a ton here for what they described and I have a customer who says scrap prices are so low in the Cleveland area he just throws his out. Busheling is a scrap term I never heard, we just call it clean magnetic steel. You will get for it about the same price as a junk car. To get $490 a ton you would have to have clean non magnetic stainless
and the price of that has dropped over the years not went up. Right now the local yard is paying $400 a ton, about a dozen years ago it was at $900 a ton.
I am aware of the market because I recycle my own scrap. I probably only generate a half ton a year. Copper and brass are worth decent money $6K a ton for copper and $3.7k a ton currently for brass.