Scrap Metal Prices Stuck in Neutral

It seems like an eternity 5 long years of stagnate base metals prices and just when the economy seemed to be picking up steam, a currency reset and subsequent drop in oil prices took the wind out of the rally in metals prices. I am an optimist, which might just be me whistling past the graveyard, but I continue to believe that economic growth is accelerating in the U.S. and that bodes well for base metals demand. Price is the real indicator of demand though, and if the price is not rising, demand is not rising and that frightens me because central banks around the world are lofting stimulus and ultra-low interest rates out there like 50's something soft ball league pitchers yet no one seems to be swinging at any real investments in infrastructure or revenue generating projects. Instead, the loads of liquidity are pouring into equity markets and corporations are floating bonds at these historically low rates to finance stock buybacks! Until a large scale rebuild of our crumbling water, road, port and airport assets is undertaken, economic growth will remain slow and the risk of another cash-out in U.S. stocks will remain on target for October 2016, in my opinion.