| Steel demand from china india encourage high steel prices Original Source Link: (May no longer be active) http://www.kfvs12.com/Global/story.asp?S=1751674&nav=8H3xLwPPhttp://www.kfvs12.com/Global/story.asp?S=1751674&nav=8H3xLwPP
Salvage Yards Benefit from High Steel Prices By: Tony Hensley
Many Heartland salvage yards and recycling centers are busier than ever. Managers say it's becoming difficult to meet the growing demand for scrap metals. According to recycling centers they say it's simple, supply and demand. The demand for scrap metal in the heartland comes from thousands of miles away turning our debris to dollars.
We have all heard the saying "one mans trash is another mans treasure." In this business it rings true. At the Top Metal Recycling Center in Cape Girardeau business has doubled over the past six months. Manager Joel Crutchley says people are bringing in Cooper, Brass, Aluminum and Stainless Steel taking advantage of top dollar returns. Manager Joel Crutchley says, "People are bringing in stuff that they have brought in ten years that they have been holding because the prices are higher than it's been in ten years."
Turning scrap into dollars isn't the only thing going on at Tri-State Industrial Services in Paducah . David Crowell says much of this is going overseas. "With spring cleanup everybody is coming in cleaning up the spring projects and prices are the best they have been probably since we have been in business and those two combinations the flow is really good in here right now." David Crowell said.
Both Crowell and Crutchley say, with countries says like China, Malaysia and India in the middle of industrial booms the demand for Steel, Aluminum and Cooper has doubled scrap prices. Joel Crutchley says, "With our prices being high. It makes the new products high because recycling is reproducing the new products is going to generally make the prices on the new stuff go up." "Right now the demand is so strong on new steel and that seems to... between them and the Chinese it's just really driving the market." David Crowell said.
Joel Crutchley says, you can get ten to twenty cents more per pound if you clean your stuff before taking it to a recycling center or salvage yard.
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