This is really a follow on from the last blog - metal prices have collapsed to an all time low of just £20 per tonne. I discussed this point with a local metal dealer the other day and he stated that it is the first time prices have dropped to this level in over 20 years of trading
What does this means in the wider perspective - well it does effect jobs as the economy shrinks in its requirement for metal production. Suppliers run out of space if the price drops as it cannot be sold on for a profit
Manufacturing can also be effected because of supply and demand. Exporters are effected because cargos become un- economical to ship. Transport industries suffer because the market in this sector slows down to a halt
Unfortunately the legal waste carriers have to begin to adjust prices as it becomes un-economical to take away metal for FREE - it now costs to dispose of metal that once was worth much more than filling up with diesel.
At the present price of £20 per tonne it is no longer viable to pick up for FREE as it costs £7 in diesel locally to collect, plus labour costs and maintenance costs.
Continue to be aware FLYTIPPING IS ILLEGAL and if caught you may be fined and gain a criminal record - Don't do it