August 15, 2022
To our loyal customers of Kimmel Scrap:
Many of you are aware of how world events and commodity prices are intertwined. Since early March everyone’s world has been turned upside down. Things that make sense historically with commodity prices don’t connect. Raw material prices that soared in April and May have come down even faster. After the August markets have settled we are now below Pre-February numbers. What causes these aberrations in the market? Mostly fear. We all have over reacted to some scenarios. Some have outside influences from market speculators but primarily fear. Do we think we are at the bottom of the down turn in commodity prices? My personal guess is yes. No guarantees from me on future prices.
As we are approaching our 73rd year I hope you are able to know that we have weathered these conditions many times and look forward to serving you with personal attention you deserve. If you have any questions or concerns please contact either myself, Ken Schutt or TJ Yarema.
We all wish you and your families a restful Labor Day Holiday.
Thank you for allowing us to serve you for these many years.
T.J. Yarema 103