Steel and Copper Scrap Price Update for September are out.
For the third month in a row, the HMS number has come out flat. For the third time in four months, the price of busheling has went down!
The bush premium for this month is down to $70 a ton.
Export and automotive are key factors in this. Despite the dollar being high, the exports have actually been up!
The US dollar is on an eight-game winning street, which we all know is terrible news for copper.
Oil being around $80 a barrel usually signals a commodity buy.
The Chinese Yuan plays a key factor in this as we said before, as its been higher that it has ever been since 2007!
With all this we still have high hopes for the future, we hope you guys enjoy the video!!