22 MAY 2015www.waow.com
Scrap yards enduring falling aluminum prices
Edited by : AL CIRCLE
1 min read
Central Wisconsin scrap yards are seeing a dramatic drop in aluminum prices.
An oversupply in the market is forcing them to lower the amount they can pay people recycling cans.
Yaeger Auto Salvage in Weston is now offering 41 cents a pound, down from its usual 50 or 55 cents.
The owner Jeff Yaeger says there's not much he can do because there's no arguing with supply and demand.
"One day you buy at a lower price and the next day you sell at a higher price, or it works the other way where you're buying at a higher price and all of a sudden the bottom drops out of it, and you got material that you cannot sell for what you bought it for," he said.
Yaeger says the company buys and sells about 1,000 pounds of aluminum cans each week.
An oversupply in the market is forcing them to lower the amount they can pay people recycling cans.
Yaeger Auto Salvage in Weston is now offering 41 cents a pound, down from its usual 50 or 55 cents.
The owner Jeff Yaeger says there's not much he can do because there's no arguing with supply and demand.
"One day you buy at a lower price and the next day you sell at a higher price, or it works the other way where you're buying at a higher price and all of a sudden the bottom drops out of it, and you got material that you cannot sell for what you bought it for," he said.
Yaeger says the company buys and sells about 1,000 pounds of aluminum cans each week.
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