Steel prices are going up, but are scrap prices going up as well?
I took a trailer load of stuff to the dump near the inlaws home. It was mostly steel - two exercise machines, a metal garage cabinet, lawn furniture etc. maybe 250 lbs of steel content in odd shapes. I was surprised the dump didn't want it dumped in a recycle pile. I was directed to the landfill and the stuff was covered by earth immediately. I asked the attendant why don't they recycle the steel and he just shrugged, not his problem.
Are scrap steel prices that low?