LOCAL BUSINESS SEES BEGINNING OF RECOVERY FOR SCRAP METAL MARKET

  

A local scrap metal business says they are hopeful looking to the future as the presidential election seems to have inspired a revival of commodities.

Blake Brannon, the President of Premiere Metal Buyers, says it has been a rough few years in the scrap metal industry. China’s steel industry created an oversupply so severe that it depressed prices to as low of $166 per ton in 2015.  A sustained drop in the values of steel, nickel, copper, and tin made it difficult to pay people enough to make scrapping metal worthwhile.

Brannon said they were able to cut down on extra expenses to avoid layoffs:

There are finally signs of recovery for the market. The price of steel has gone up in the second half of this year and Chinese steel production has tapered off. While the oil market shows signs of rebound, the real jump in the industry came after Donald Trump was elected president.

Brannon says they felt the effects immediately:

 

It seems that the promise of President-elect Donald Trump to spend $1 trillion on roads, bridges, and other infrastructure projects has breathed a new life into the market. It’s a promise that businesses nationwide, including Brenham’s Premiere Metal Buyers, hopes comes to fruition.

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2 Comments

  1. If scrap metal is worth less, meth heads will be less likely to steal it. It’s been a long time since KWHI has reported someone arrested for stealing metal. Good.

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