Scrap steel in central CA has gone from $275/ton to $5.
I know. The scrap business is pretty bad right now. One of my sons buys wrecks, strips them and hauls the scrap to a local recycling smelter as a side business. Now it's not worth the time and gas hauling that stuff around.
It was making him good money for a while there. Now it' s just piling up and he's really choosy at the auction yards, buying cars that he can actually fix instead of wreck.
. The used car business has really picked up now. There's a silver lining in every cloud.