With prices for steel scrap at recent highs, I'm glad to see some of this equipment appears to be going to reuse or at least for parts.
Here is a recent article on scrap demand:
This survey indicated that the U.S. domestic ferrous scrap market will experience a surge in global ferrous scrap demand – during the first quarter of 2021 and beyond.
The Argus report indicated that gradual increases in manufacturing, plus a scarcity of finished steel, has resulted in the U.S. and global steel prices soaring in fourth quarter 2020. The report further indicated that “the trend of finished steel demand outpacing supply has been mirrored in other major steel producing economies throughout Latin America, Europe, Asia and the Middle East and North Africa, simultaneously returning to the seaborne market for containerized and deep-sea bulk scrap.”
The Institute of Scrap Recycling Industries’ (ISRI) chief economist and director of commodities, Joe Pickard said the economy continues to have a tremendous impact on ferrous metal recycling, including scrap generated from construction and demolition.