Good question. The lumber shortage is mostly a shortage of finished product. Supplies of timber, especially in the southern US forests, are plentiful. There *are* some issues in Canada from what I've read.
It's the finished lumber that is in short supply. Many sawmills shut down expecting vast drop-offs in demand due to COVID and lockdowns. The opposite happened, and they haven't caught up yet. If it's the same with steel, and the problem is that the mills are not running, then they probably aren't buying scrap either so scrap prices could conceivably be low even if demand for finished steel is high. Allan OK Don via Mercedes <mercedes@okiebenz.com> writes: > https://www.cnn.com/2021/05/06/investing/steel-shortage-stocks-bubble/index.html > > I wonder if scrap steel prices are going up as well? Time to sell those > scrap cars? > > -- > OK Don > > "Whenever you find yourself on the side of the majority, it is time to > pause and reflect." Mark Twain > > “Basic research is what I’m doing when I don’t know what I am doing.” Wernher > Von Braun > 2013 F150, 18 mpg > 2017 Subaru Legacy, 30 mpg > 1957 C182A, 12 mpg - but at 150 mph! _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
