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New Zealand Scrap Metal Recyclers Struggle as Prices Tumble

New Zealand Scrap Metal Recyclers Struggle as Prices Tumble

Layoffs and closures lie ahead for New Zealand's scrap metal recyclers as they are hit by tumbling international prices. 

For at least one, it has already meant closing the doors until prices recover. 

Stephen "Hank" Woolston, owner of Hamilton City Recycling Service, says running his scrap metal pick up business - which serves mostly older clients - is no longer viable.

He closed down last week and says he won't be picking up the old lawnmowers, fridges or other scrap again until he can make money again.

"It's got worse and worse. It's got to the point that it's not even worth going out to pick the stuff up," he says.

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TAGS: Metals
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