– Think about what they told me today!!! – Instead of growing up, the comrade told me with a malicious smile when we met. – Stas was really stuck on money. For three months I accepted metal at 20, today I went to take it to the base, and there the price tag for receiving wholesale at 19.
Stas is a local huckster who deals in whatever he can to make money. From cheap moonshine to the supply of sand to summer residents from an illegal quarry. Among other things, Stas is engaged in the repurchase of scrap metal. I think 90% of the comrades who earn money by collecting metal know a lot of “Stasiks” like this.
At that moment I smiled, not so much rejoicing at someone else’s grief, although it would be a sin not to rejoice here. Why? Because I warned Stas back in early May, I told him.
– Don’t keep a large stock of metal, rent it out now, the price will not increase. Well, it can definitely fall. Builders are complaining to the Minister of Industry; the Minister instructed the Ministry of Industry and Trade to carry out a number of measures to reduce prices for rolled metal within the country.
Stas waved his hand indifferently in response and, squinting, answered in a sly tone. – We'll see. The metal is not meat and will not dry out.
So I lay there. May God give you back yours.
But for us, ordinary hard workers, the problems of outbids are far away and sometimes indifferent. We want to understand what to do? How much will the price drop? And maybe there is a reason not to hand over scrap metal yet?
And, as abstruse analytical publications on the topic of stock exchange quotations write, the rapid fall in the price of scrap metal in our country has three main factors.
Seasonality. In the summer, scrap metal is sold many times more, so resellers can play to reduce the price.
World prices for rolled metal. Everything here is complicated and connected with the ongoing pandemic. The fact is that the spring increase in metal prices was due to the expectations of investors and builders in Europe. Everyone expected that the pandemic would subside and many countries were preparing to pour a lot of money into the development of their own economies. Among other things, large government contracts were planned for all kinds of construction work. So, in anticipation of these contracts, construction companies began to buy metal in advance. And then everyone sees that they were mistaken. While prices are not falling, growth has stopped.
Increasing customs duties on the export of scrap metal. From June 25, the Ministry of Industry and Trade of the Russian Federation signed an order to increase customs duties on the export of scrap metal from the country from 45 euros per ton to 75 euros per ton. This restriction will come into force only in a month, but already anticipating losses, prices from resellers have gone down. That is, the metal, as it was exported abroad, will continue to be exported, only the costs of the high customs duty rate (the same 30 euros per ton) will be covered by ordinary scrap metal collectors. You understood everything correctly, at our expense.
What can I say? If there is no swearing, then there are no words. And I really want to remember the Soviet ditty about the price of vodka.
it was three, but now it’s five – we’ll take it again anyway!
Even if it’s eight, we still won’t stop drinking!
tell Ilyich – we can handle ten,
Well, if there is more, it will turn out like in Poland!
Well, if it’s twenty-five, we’ll take Winter again!
And now, the main thing. When can we expect a new price increase? Apparently, this will happen no earlier than mid-August. What picture is there? In August, the same Ministry of Industry and Trade is preparing to increase export duties on fittings and semi-finished products by 15%. This will lead to the fact that exporting ferrous metal as scrap metal will become more profitable than finished products, and then we can expect the price to recover to the May level.
But who knows how the same resellers will behave in this situation.
