Nation's Auto Recyclers Remain Optimistic
Jeremy Lincoln, vice president-purchasing for Erie, Pennsylvania based National Recycling Services, Inc. said, “Volume is definitely way up. The material came out of the woodwork with the spring thaw. Like everyone else, we just couldn’t process fast enough to stay on the high side of the market. But we moved ahead with several capital projects at just the right time, before demand went through the roof. Over the next few months, the strength in the market caused us to expand our base of suppliers by more than 50 miles beyond what had previously been normal for us. Since demand has dropped a bit, inventory values fluctuate daily, and the cost of capital has gone up some. Overall, we’re in excellent shape and we’ll be ready when the market heats up again soon,” he added.