Metal Commodities and Recycling Report, Raleigh Scrap Metal Recycling, 2310 Garner Rd, Raleigh, NC, 27610, 919-828-5426

RALEIGH METAL RECYCLING
METAL COMMODITIES AND RECYCLING REPORT
2310 GARNER ROAD
RALEIGH, NC 27610

This is the Commodities and Recycling report, brought to you by BENLEE the industry leader in roll off trailers and open top scrap trailers, as well as Raleigh and Goldsboro Metal Recycling, the leaders in North Carolina for Scrap Metal, Cardboard, Electronics and Junk Cars. 

Today is Monday, July 6th, 2015. My name is Greg Brown, President and CEO of the companies.

There was a lot of news last week, but only yesterday and this morning there was major news that led to changes in commodities and recycling. The bad news yesterday and this morning is that the Greek debt issue is far from being resolved, especially with the Greek people turning down an offer from the EU yesterday. It is not clear what effect this will have on the global economy, but things are not good.

Steel Production

On the positive side, steel production came down a bit last week, but overall it has been coming up slowly for months. Schnitzer Steel released lower earnings last week despite slightly higher steel shipments. Lower earnings in their recycling division as well as other all other divisions hurt the company.

Oil Rig Count

Importantly there was a lot of good news last week. The oil rig count rose for the first time in 29 weeks. Oil rigs use major amounts of steel. June auto sales were the highest for any June in 10 years. Pending home sales ending May hit a nine year high and the jobs report had unemployment hit 5.3% which was the lowest in over 9 years. The downside is wage growth remains weak. Together these are some of the reasons we are seeing a slow increase in steel production.

Heavy Melt Price

As for Ferrous pricing, despite increases in steel production we are hearing that multiple steel companies have barges of scrap metal arriving this month from Europe could cause a dampening of scrap metal prices this month. There were some lower priced ferrous sales last week and the rest will be traded in the next few days. There is still a possibility of no decrease in some markets and even a small increase in that especially in the SE there remains a scrap metal shortage.

Importantly, steel mills did not cancel orders in the SE last week, which would have happened if there was a major decrease in prices coming. They did not cancel orders due to steel mills needed scrap metal flowing into their operations, before and after the holiday weekend.

Copper Prices

Copper prices were steady last week for the third week in a row, yet in the past few hours prices dropped to an almost 6+ year low. China’s economy which is a key for copper prices remains in flux with its stock market having fallen over 20% in recent weeks. Due to the major stock market drop, effective today, the Chinese government has authorized a massive buying of stocks by brokers to try and stabilize stock prices.

Aluminum

Aluminum is pretty much the same as copper in that it too has not seen any real change in recent weeks until today.

Overall there while there was some very positive news, mixed with very negative Greek news, prices and volumes in recycling remain very, very depressed. There is word of more scrap metal operations closing in parts of the industry. The SE part of the U.S. continues to see larger volume drop offs vs. other parts of the U.S., due to dramatically lower retail peddler traffic. Only the strong and diversified will make it through this tough time as well as those that have partnered with stronger operations.

For current prices, please call us at 919-828-5426 in Raleigh, 919-731-5600 in Goldsboro.

With that we hope all have a Safe and Profitable week. Tune in next week for the Commodity and Recycling report.

Raleigh, NC, Durham, Recycling, Scrap Metal, Cardboard, Batteries and more! Great Prices Today

Scrap Recycling - What we Buy/do!

 

Scrap Steel Recycling

Scrap Copper Recycling

Junk Cars/Salvage Cars

Scrap Aluminum Recycling

Scrap Stainless Steel Recycling
Appliance Recycling

Scrap Metal all types Recycling

Scrap Computer Recycling

Scrap Cardboard Recycling

Scrap Plastics Recycling

 

 

Scrap Steel Recycling (Iron, Metal, Cast)

We sell Direct to Steel Mills and ship by highly efficient Rail, so we can offer you the best Service, Support and Prices.  Others ship by truck and sell to brokers (middlemen)!
 

-Plate and Structural
(P&S)-As the name says, this is steel that is made up of plates and structures.  Plates being flat pieces and structures being beams.  the material has to be at least 1/4 inch think.  It can be any size, but to get the best prices, in some cases it can be 18" x 2', with most other sized being 18" x 3' or 18" x 5'.  Of course we can buy them up to any size as in we should took delivery of 46' beams.  We own 53' trailers, so we can save you money by buying these very large beams, to save you from cutting them u.  Just another service that we at Raleigh Metal Recycling, in North Carolina offer.  Under 18" x 5', if is call Prepared.  Over that, unprepared.

-Heavy Melting Steel (HMS)
-This is the most common steel out there.  Again we by it in the similar sizes as above, with the 18" x 3' being the most popular, so we by Prepared and unprepared for Recycling.

Junk Cars/Salvage Cars
We are the #1 Buyer of cars in Raleigh.  Yes others say that, but they are not even in Raleigh and when it comes to buying cars from the Public, we are #1 in the Triangle.  We are #1, due to great service, great service and great prices.  WE TOW, or you can drive in, or tow in to us.  For junk car removal call Dave at 919-758-3764.  To sell you car for cash, call us today!

Scrap Aluminum Recycling
There are many kinds of aluminum.  We of course love Aluminum can recycling.  If you want to know what is today's price for Aluminum Cans, call us at 919-828-5426 and press 2.  As for other aluminum the cost common we buy is called Old Sheet, which is Aluminum with about 1-5% other material  This could be small steel screws, insulation, gaskets, etc.  If you remove 100% of that 'other material it we pay more!  We also buy extruded aluminum, cast aluminum and more. 

Copper Recycling
Copper recycling is one of our biggest products.  The main types are:
Bare Bright Copper-New shinny wire
#1 Copper-Clean (no attachments-solder, insulation, etc.) and it can be pipe or wire.  For wire each strand has to be at least the thickness of the lead of a lead pencil!
#2 Copper-Can be pipe or wire, but have tin coating, solder, or burnt insulation
#1 Insulated-Insulated wire that has a wide range of thickness of insulation
#2 Insulated-Insulated wire that has tin coating, or each strand is the thickness of a hair
Sheet Copper-Thin copper from roofs or other applications

Stainless Steel Recycling
304 (18/8)
This is the most common type of Stainless steel.  We buy it either clean (no attachments), or dirty (steel screws, some insulation, etc). Note this is not magnetic

400
A very low grade of Stainless that we buy for about the price of steel. It is magnetic

316
The good stuff.  A high grade of stainless that we pay top dollar for

Appliance Recycling
-We buy appliances from commercial companies and the public.  When it comes to Appliance Disposal or for you to know who to dispose of my appliance, come see us.  We buy them

Computer Recycling, Dispose of my computer
We make it easy at Raleigh Metal Recycling in NC, we by them.  Sorry, not the monitors.  Yes we are leaders in computer laptop recycling as well as just computer recycling.  This makes us the larges company buying computers from the public in the Triangle

Battery Recycling, Battery Disposal
We do it all
-Lead Acid Batteries-Car, Auto, lawn mower, UPS (computer back up)
-Li-Ion Batteries-Computers, Cell phones, tools
-Ni-Mh Batteries-Tools and more
-Ni-Cad-Tools, flashlights

Cardboard Recycling and Paper Recycling
Cardboard recycling is a growing part of what we do.  We buy, by the bale (about 1,000 each) and support your efforts by picking them up.  Of course we buy Paper as well.

Plastics Recycling
Plastics have been growing for decades in what we use.  We now buy many types of plastics, with a focus on HDPE and PP. 

When in Raleigh, Durham, Clayton, NC, Henderson, Wake Forest, Burlington, Fayetteville, come see us at:

Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610

Tel 919-828-5426
www.raleighscrapmetalrecycling.com


When in Goldsboro, LaGrange, Wilson, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:

Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530

Tel: 919-731-5600
www.goldsboroscrapmetalrecycling.com

Thanks for reading,
Greg Brown
gbrown@raleighscrapmetalrecycling.com

Raleigh, NC, North Carolina Recycling, Durham, NC