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Friday, December 05, 2008

Five metal things

1. When we took our aluminum cans for recycling at the end of July, the reclycler was paying 75 cents a pound. We went again today and he was giving 40 cents a pound. Also, back in July he was paying $2.90 a pound for #1 brite copper, which I think is the stuff that's always being stolen from homes and businesses. Today he was paying 79 cents a pound.

2. Speaking of copper, New Mexico is undergoing massive layoffs by the copper mining industry.

3. And, in Illinois, U.S. Steel is temporarily shutting down its steel mill in Granite City, together with two others:

As of mid-November, the Granite City plant employed more than 2,100 hourly workers and salaried employees. U.S. Steel would not say Tuesday how many of the area workers would be laid off but said about 3,500 workers across the three plants would be affected. (U.S. Steel to idle Granite City Works steel mill)

4. I wonder what is going on with the steel situation in China where my oldest nephew is living and working for a steel company.

5. I feel like smelting something.

Posted by Marie at December 5, 2008 4:39 PM

Comments

All of the above are indicators of the economic downturn and how serious and widespread it is.

As to the recycling situation specifically, the prices paid for waste paper crashed suddenly, and now those who broker the stuff for sale overseas -- waste paper is one of our leading exports by weight; it comes back to the States as packaging -- can't get rid of it. Out here in California, recycling centers are sitting on mountains of recycling and in some cases are having to rent land to store the stuff or just send it to landfills.

Posted by: Dan at December 6, 2008 12:58 PM

All of the above, except your sudden urge to smelt something. That may be a leading indicator of economic recovery ;>

Posted by: Dan at December 6, 2008 12:59 PM

That is very interesting. Unable to ship overseas so they can repurpose the stuff to ship it back to us so we can trash it again... And now it just sits there. Something is breaking - literally.

Posted by: Marie at December 6, 2008 4:26 PM

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