HOME >> How Will Trump Affect Scrap Industry

Compared with other politicians, Trump has such a big mouth. He has talk a lot about how to rebuild American economy by bringing back jobs and also building up the country’s infrastructure, so we will see if these measures are put into effect and what Trump brings for scrap industry.

TPP

One he has done is withdrawing from Trans-Pacific Partnership(TTP). What is TTP? In a nutshell, it is a proposed trade agreement that allows the countries involved to practice free trade with each other. Trump administration’s purpose is to boost the economy. If American economy is stronger and has more job opportunities, this will bring positive effect on production of buildings and infrastructure, which can directly affect the need for scrap metal.

Another thing which can be very influential on the scrap metal market and industry is the Dakota Access Pipeline. In 2016, President Obama held off on this construction because of several protests. But President Trump has reinstated the planing of the pipeline construction. This change in the construction of the pipeline can contribute to scrap metal industry with the materials needed.

Of course, other policies like rebuilding military, imposing more tax benefits to smaller business in America will have positive effect on economy. Better economy will help scrap metal industry better.

Of course, there are also some international factors influencing American scrap metal market, so we can’t quite determine where and how far the price will rise with President Trump. Keeping an eye on scrap metal market and preparing for it should be what we do. How to prepare for it? Metal recycling machines like wire granulator separator, wire stripper tool, AC radiator recycling machine,etc. ,will improve our efficiency and scrap quality a lot. When the price is up, you can make profit.

 

 

 

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