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, June 22, 2015.  My name is Greg Brown, President and CEO of the companies.

There was little good news last week in commodities and recycling and in fact there was bad news.  As we mention continue to mention, the global economy continues to get better slowly, last week Greek debt had people worried and China is going nowhere fast. The only glimmer of good news was that this morning, the Greeks seem to have come up with some concessions that the other European counties view as positive and has helped stock markets around the world.



Steel Production

 

Steel production had a nice little uptick last week and is up for the past few months, but it is still well below last year. 

Oil Rig Count

 

The oil rig count has now declined for 28 weeks in a row and is now close to the rig count of 5 years ago.  This remains a significant drag on steel consumption.  With imports of steel finished goods continuing, there remains a drag on scrap metal production along with steel in oil rigs being down. 

Heavy Metal Price Composite

Even with the small ferrous price increase of a couple of weeks ago, scrap flows remain very, very weak, as do profits, especially with copper and aluminum near 6 years lows, which we will discuss in a minute.  With these low prices, scrap yards in the Southeast which have a higher percentage of retail business, vs industrial business, have been hit hard, as have been the shredders in the SE and last week, yet another shredder shut down.  This one owned by GREER Recycling.


Copper Pricing

Copper prices remain near their 6+ year lows and as we said last week, we see no reason why this will change anytime soon.



Aluminum Prices

Aluminum dropped a bit last week and is also at 6 year lows. 

Aluminum 6 Year Lows

 

We remain in the belief that aluminum prices are near their bottom due to aluminum inventories are also hitting new 6+ year lows. 



Aluminum Stock Levels

As said on the bad news, yet another shredder in the Carolinas shut down.  We were told GREER Recycling is working with its bank on selling its shredder.  The low scrap prices in the market have effected the SE more than the Midwest and NE in that the SE is much more dependent on Retail business, than industrial business.  As for other bad news Trailer sales and sales of Class 8 Trucks—tractor trailer units, were down in May for the first reduction year over year in a long time, which is hurting steel production.

On the positive side, sales of existing homes hit a 5 ½ high last month and car sales may have a record year in the history of the industry.  This should support some stabilization of commodity prices. 

Prices for Aluminum and copper were down last week in Raleigh, Goldsboro and Wilson.

 

Steel and Junk cars we up.  Please call us at 919-828-5426 in Raleigh, 919-731-5600 in Goldsboro and 252-243-3586 in Wilson for prices. 

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

Today's Scrap Metal Prices per Pound in NC, Raleigh, NC, Durham, NC, Copper, Aluminum, 27610, 27703

Today's Scrap Metal Prices

in Raleigh, NC, Durham, NC
Recycling in

North Carolina-11/25/13

 

 

-Great Prices

-Great Service

-Industrial and Public Welcome

-11 Digital Scales to get you in and out-FAST!

-Junk Cars-We TOW, or you Drive in, or Tow in

 

Raleigh, scrap metal in some areas is down a bit this week.  We have to lower of "Appliances, Shreddable" prices due to the lower prices, of metals such as Aluminum that come out of this material.  Copper prices are a bit lower than they have been in recent weeks.  We are not sure when they will go back up yet.

 

We remain hearing things could be stable over the next months, but sorry we do not know, it could even be up!  As we have said many times, for items like copper, you can actually go to websites like www.cmegroup.com and watch the price of copper change every few seconds during the week.  There is word that copper could slowly go down next year.  Steel as many know usually changes once a month, but there is even no certainty to that.

 

At Raleigh Metal Recycling here in North Carolina, NC, our goal remains to do our best to pay you the most for scrap metal every day.  We also try to communicate the price to make it easy for you.  When you call our phone number 919-828-5426 and press 2, you will hear a recording with "Today's prices" where we buy and sell scrap metal at great prices per pound.  This is for:
 

-Steel

-Cast Iron

-Copper

-Yellow Brass

-Red Brass

-Aluminum

-Aluminum Cans

-Appliances

-Computers

-Electronics
-Junk Cars
-Salvage Cars

-Stainless Steel

-Batteries

-and more.

We continue to have a twin focus at Raleigh Recycling
1) Public
2) Industrial/Demolition customers

This means if you are a large Commercial or Industrial company, you should call our Grant Kiser at 919-710-3805 to discuss prices.  He can give you prices for scrap metal, Cardboard, Copper, Computers and more.

Or for just Appliances or Junk Metal removal, just call Kenny at 919-348-0545!

 

An important part of our company is that we have 11 digital, NC State certified scales that we use to service our Industrial and Commercial Customers.  Almost double our closest competitor, meaning we get you in and out fast and with accuracy!  

Importantly, we sell direct to Steel mills or divisions of steel mills, not to middle men who take a commission, so we pass that savings on to you!

JUNK CARS, Salvage Cars

1) WE TOW-JUNK CAR-JUNK CAR REMOVAL
-Get Cash on the spot
-Any condition, running or not running
-Keys or no keys, engine or no engine
-Call 919-758-3764 for JUNK CAR REMOVAL!

2) Drive it in, or you tow it in!
-Get Cash on the spot
-Any condition
-In and out fast!

Come to us at:

 

Raleigh Metal Recycling

2310 Garner Road

Raleigh, NC 27610

When in Raleigh, Durham, Apex, Cary, Clayton, Chapel Hill, Henderson, Oxford, Morrisville, Smithfield, 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, 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 

When in Wilson, NC, Tarboro, NC, Rocky Mount, NC, come see us at:

Wilson Scrap Metal Recycling
404 Maury Road
Wilson, NC, 27892
Tel 252-243 3586

www.wilsonncscrapmetalrecyclingjg.com

 

Greg Brown
gbrown@raleighscrapmetalrecycling.com
Tel 919-828-5426

Scrap metal Raleigh, NC, Durham, NC

Appliance Pick up, Appliance Removal, Junk Metal Pick up

Junk Car for Cash-Junk Car Removal-Towing

Battery Recycling

 

 

Economic News:

Mixed Signals:  The Fed minutes renewed expectations that the central bank could start cutting back easy monetary policy before next year.  The stock market closed above 16,000 for the first time despite that CPI fell .1% and existing home sales dropped 3.2%, higher than the 2.6% forecast.   Gold hit a 4 month low at $1240.20 and copper dipped back below $7000, down 12% for the year.  Part of the drop in copper could be due to China importing copper ore with smelters running inventories of two months of concentrate versus previous levels of 3-4 weeks.

 

Corporate profits were higher overall in Q3 (of course they have been revised down quarter after quarter), but companies cut spending on performance enhancing investments by 16%.  Financial forecasts for Q4 have been lowered by 90% of those providing forecasts. 

 

In following up the Lost Decade, I happened to catch the WSJ interview with Larry Summers, former Treasury Secretary to the Clinton administration.  In 1993, the optimists forecast Japans GDP growth at 4% over the next 23 years and the pessimist’s forecast 3% growth.  Actual GDP growth for Japan was .6% for the next 23 years!  Growth was slow and people and corporations just got used to it.  We are facing a similar “permanent stagnation” with sub 2% GDP growth here in the states.  The other problem is that 1 in 6 men between the age of 25 and 54 are on the sidelines in the labor market.  Until we see systemic change in the US economy to stimulate job and GDP growth, we may be faced with our current economic situation for an extended period of time.