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Recycling Goes From Boom To Bust As Economy Stalls

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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 08:36 AM
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Recycling Goes From Boom To Bust As Economy Stalls
P.J. DICKERSCHEID | December 7, 2008 08:24 PM EST

CHARLESTON, W.Va. Norm Steenstra's budgeting worries mount with each new load of cardboard, aluminum cans and plastics jugs dumped at West Virginia's largest county recycling center.

Faced with a dramatic slump in the recycling market, the director of the Kanawha County Solid Waste Authority has cut 20 of his 24 employees' work week to four days from five, shuttered six of the authority's drop-off stations and is urging residents to hoard their recyclables after informing municipalities with curbside recycling programs that the center will accept only paper until further notice.

"The market is just not there anymore," Steenstra said.

Just months after riding an incredible high, the recycling market has tanked almost in lockstep with the global economic meltdown. As consumer demand for autos, appliances and new homes dropped, so did the steel and pulp mills' demand for scrap, paper and other recyclables.

Cardboard that sold for about $135 a ton in September is now going for $35 a ton. Plastic bottles have fallen from 25 cents to 2 cents a pound. Aluminum cans dropped nearly half to about 40 cents a pound, and scrap metal tumbled from $525 a gross ton to about $100.

http://www.huffingtonpost.com/2008/12/07/recycling-goes...

See also:
http://www.nytimes.com/2008/12/08/business/08recycle.ht...
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Citizen Number 9 Donating Member (878 posts) Send PM | Profile | Ignore Mon Dec-08-08 09:22 AM
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1. That really bites.
I hope that our motivation to recycle (put things into the pipeline) is not as dependent on profit as is recycling centers' payrolls. Eventually, I suppose the demand (and prices) will go up again, but I hope there isn't any lasting damage to the industry in the meantime.
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