Wednesday, July 6, 2016

metal scavangers' hard times

It's not easy, living on scraps:
Two years ago, Erica, who declined to give her last name, would have earned about $30 for a cart full of scrap. Now she makes about $15 due to the plummeting prices....
Prices have fallen mainly because of a downturn in global demand from manufacturers, especially in China, pressure on supplies, and the increased use of substitutes, said Joe Pickard, chief economist and director of commodities at the Institute of Scrap Recycling Industries.
Of course, those well-heeled enough to read this blog needn't be too concerned ... yet.

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