Since SIMS has stopped buying at door trade (ie pay customers...

Since SIMS has stopped buying at door trade (ie pay customers but they will take it for free), CMA is still buying but at a rock bottom prices. CMA was paying $1/kg for Al cans just several mth ago, now paying only $0.30 and scrap steel of <1T, they won't pay anything.

I find all these developments as an amazing signs for the rapidly changing market and that metal trading companies still findings unique ways to make decent profits, even though at a much smaller scale (but remembering that Southern Ro grew from buying cans into a muti-million dollars private company.

Several traders are starting to predicting metal price stabilization, and Al to start going up in 2009