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Farm Business
Agricultural Matters
Steel shortage & scrap price .
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<blockquote data-quote="Ribble" data-source="post: 7530541" data-attributes="member: 148748"><p>I'll hazard a guess.</p><p></p><p>A low scrap price, but a shortage of finished product suggests a bottleneck in the recycling/ processing supply chain. Plenty of scrap available, nit enough being processed. </p><p></p><p>Greensill Capital just went bust, and was a major source of finance for GFG, a major player in the UK steel industry, which has been exposed as having some very creative supply chain accounting in their accounts payable and receivable. </p><p></p><p>If everyone in the Steel sector is very nervous about offering credit to other businesses in the sector because GFG might go pop tomorrow and drag other companies down, maybe that seizes up some parts of the market. </p><p></p><p>Just a guess!</p></blockquote><p></p>
[QUOTE="Ribble, post: 7530541, member: 148748"] I'll hazard a guess. A low scrap price, but a shortage of finished product suggests a bottleneck in the recycling/ processing supply chain. Plenty of scrap available, nit enough being processed. Greensill Capital just went bust, and was a major source of finance for GFG, a major player in the UK steel industry, which has been exposed as having some very creative supply chain accounting in their accounts payable and receivable. If everyone in the Steel sector is very nervous about offering credit to other businesses in the sector because GFG might go pop tomorrow and drag other companies down, maybe that seizes up some parts of the market. Just a guess! [/QUOTE]
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