Raleigh, NC
Today's Scrap Metal Prices
Cary, NC, Durham, NC
Recycling -2/24/14
-Great Prices
-Outstanding Service
-Industrial Pick Up and Public Drop off
-11 Digital Scales to get you in and out-FAST!
-Junk Cars-We TOW, or you Drive in, or Tow in
Scrap metal prices are sadly down this week for steel! The weather has been terrible and actually had steel mills shut, so they are buying less, as is China, so prices are down.
Also, see below, an article on how steel prices are hurting still companies. Too much supply, lower prices.
Raleigh Metal Recycling here in Raleigh, NC, is where always do our best to pay you the most for scrap metal every day. We communicate 24/7 with you, our prices 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 Recycling
-Cast Iron Recycling
-Copper Recycling
-Yellow Brass Recycling
-Red Brass Recycling
-Aluminum Recycling
-Aluminum Can Recycling
-Appliance Recycling
-Computer Recycling
-Electronics Recycling
-Junk Cars
-Salvage Cars
-Junk Cars
-Salvage Cars
-Stainless Steel Recycling
-Battery Recycling
-and more.
We continue to have a three part focus at Raleigh Recycling
1) Public (Drop off)-or we pick up Junk Cars
2) Industrial/Commercial customers
3) Demolition Customers1) Public (Drop off)-or we pick up Junk Cars
2) Industrial/Commercial customers
If you are a large Commercial, Industrial or Demolition company, you should call our Grant Kiser at 919-710-3805 to discuss prices or call me, Greg at 734-740-9514. We can give you prices for scrap metal, Cardboard, Copper, Electronics, Computers and more.
Or for just Appliances Disposal, Appliance Pick Up 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! We are not just a Junk Yard or a Salvage Yard, or even a Scrap Yard. We are a major Raleigh NC, Recycling Center.
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! We even ship our steel out mostly by rail car (not trucks) to save money in shipping, which we pass on to you
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! We even ship our steel out mostly by rail car (not trucks) to save money in shipping, which we pass on to you
JUNK CARS, Salvage Cars
1) WE TOW-JUNK CAR-JUNK CAR REMOVAL
-Junk Car Pick Up!
-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, Junk Car Towing
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
Telephone- 919-828-5426
When in Raleigh, Durham, Apex, Butner, Cary, Chapel Hill, Clayton, Dunn, Garner, Henderson, Knightdale, Lumberton, Oxford, Mebane, Morrisville, Roxboro, Sanford, Smithfield, Wake Forest, Burlington, Fayetteville, Fuquay-Varina, 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
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 J & G
404 Maury Road S
Wilson, NC, 27892
Tel 252-243 3586
www.wilsonncscrapmetalrecyclingjg.com
When in Wilson, NC, Tarboro, NC, Rocky Mount, NC, come see us at:
Wilson Scrap Metal Recycling J & G
404 Maury Road S
Wilson, NC, 27892
Tel 252-243 3586
www.wilsonncscrapmetalrecyclingjg.com
Greg Brown
gbrown@raleighscrapmetalrecycling.com
Tel 919-828-5426
Links
Scrap Metal Recycling
Junk Car Sell for cash, Junk Car Removal
Appliance Pick Up, Appliance recycling
Read more: http://www.post-gazette.com/business/2014/02/23/Falling-prices-may-negate-U-S-Steel-cost-cutting-plan/stories/201402230118#ixzz2uI2bC01H
gbrown@raleighscrapmetalrecycling.com
Tel 919-828-5426
Links
Scrap Metal Recycling
Junk Car Sell for cash, Junk Car Removal
Appliance Pick Up, Appliance recycling
Falling prices may negate U.S. Steel cost-cutting plan
February 22, 2014 9:59 PMShare with others:
U.S. Steel's Carnegie Way efficiency initiative has inspired hope that new president and CEO Mario Longhi will be able to reverse the Pittsburgh steel producer's string of five consecutive losing years. But some analysts are concerned that falling steel prices could wipe out whatever savings the campaign will generate.
U.S. Steel "appears stronger with new management removing costs, but this may not be enough in a falling price environment," Citi Research analyst Brian Yu wrote in a memo to clients this month.
Gordon Johnson of Axiom Capital Management agrees. He told clients Feb. 5 that domestic steel prices "are likely in the beginning innings of a major correction lower." In a phone interview, Mr. Johnson said U.S. hot roll prices, which stood at $680 per ton a month ago, are now $640 and are probably headed below $600.
Every $30 drop in the price of hot rolled coil -- a widely used commodity sheet product -- translates into $465 million in lost profits for U.S. Steel, Mr. Johnson said.
"I don't think their cost savings are going to be in excess of $465 million," he said.
Much to analysts' chagrin, Mr. Longhi steadfastly has refused to identify how much in savings his disciplined look at operations and strategy will generate.
During a January conference call discussing U.S. Steel's $2.1 billion loss last year, Mr. Longhi said the company expects to generate $150 million in new cost savings this year. He said the company also will benefit from lower coal, pension and retirement benefit expenses.
Mr. Yu wrote that U.S. Steel's coal, pension and retirement benefit costs dropped by nearly $100 a ton last year, but that the savings were eliminated by a $29-per-ton drop in hot roll prices. He expects hot roll prices to average $630 a ton during the second half of this year.
Analysts say there are plenty of reasons to forecast lower prices, including a nearly 600 million ton global surplus of steel making capacity. Most of the excess capacity is in China, which accounts for about half of the global industry.
"I'm predicting a bad 2014 and, for the ones that survive, a good 2015," said IHS economist John Anton. "As long as the world has too much steel, price increases won't stick."
He said U.S. producers have been very disciplined in controlling output and "have done everything they could to mitigate the damage."
The problem, he said, is the Chinese.
"The only thing that will get me to come off this dire outlook is a voluntary cut in Chinese production," Mr. Anton said.
Overseas, steel prices are $75 or more a ton lower than U.S. prices. That has prompted foreign producers to send their metal here. Applications for import permits jumped 19 percent in January and are expected to jump again in February, Mr. Johnson said.
Then there's the fact that steel prices move in tandem with prices for iron ore and other raw materials, which also are falling. Morningstar analyst Andrew Lane said that's why he believes steel prices will fall through the end of 2015.
Last week, the U.S. Department of Commerce issued an adverse ruling in a trade complaint brought by U.S. steel makers last year over imports of tubular goods used in the energy industry. The agency declined to impose penalties on shipments from South Korea, the largest producer, and placed lower-than-anticipated duties on imports from eight other countries.
U.S. Steel's tubular business accounted for nearly half of the company's operating income last year. The trade case ruling will pressure the company's profit margins, JPMorgan analysts told clients last week.
Analyst John Tumazos said domestic producers also will be dented by the stronger U.S. dollar, which makes imports more competitively priced compared to domestically produced steel.
"It's difficult to pass price hikes when the dollar strengthens," the Holmdel, N.J., analyst said.
Despite that, Mr. Tumazos is expecting an improved performance from the Pittsburgh company this year.
"I think U.S. Steel's costs will fall more than prices might. And there's a good chance they won't lose money in 2014," he said.
Despite the concern about lower prices, U.S. Steel shares topped $30 in January, nearly 70 percent higher than they were when Mr. Longhi took over Sept. 1.
Their ascent reflected investor confidence that the former Alcoa executive will be able to right the ship, optimism Mr. Tumazos jokingly referred to as "the Super Mario bubble."
The shares dropped 7 percent Wednesday on the trade ruling and closed Friday at $25, off $2.23 for the week.
U.S. Steel "appears stronger with new management removing costs, but this may not be enough in a falling price environment," Citi Research analyst Brian Yu wrote in a memo to clients this month.
Gordon Johnson of Axiom Capital Management agrees. He told clients Feb. 5 that domestic steel prices "are likely in the beginning innings of a major correction lower." In a phone interview, Mr. Johnson said U.S. hot roll prices, which stood at $680 per ton a month ago, are now $640 and are probably headed below $600.
Every $30 drop in the price of hot rolled coil -- a widely used commodity sheet product -- translates into $465 million in lost profits for U.S. Steel, Mr. Johnson said.
"I don't think their cost savings are going to be in excess of $465 million," he said.
Much to analysts' chagrin, Mr. Longhi steadfastly has refused to identify how much in savings his disciplined look at operations and strategy will generate.
During a January conference call discussing U.S. Steel's $2.1 billion loss last year, Mr. Longhi said the company expects to generate $150 million in new cost savings this year. He said the company also will benefit from lower coal, pension and retirement benefit expenses.
Mr. Yu wrote that U.S. Steel's coal, pension and retirement benefit costs dropped by nearly $100 a ton last year, but that the savings were eliminated by a $29-per-ton drop in hot roll prices. He expects hot roll prices to average $630 a ton during the second half of this year.
Analysts say there are plenty of reasons to forecast lower prices, including a nearly 600 million ton global surplus of steel making capacity. Most of the excess capacity is in China, which accounts for about half of the global industry.
"I'm predicting a bad 2014 and, for the ones that survive, a good 2015," said IHS economist John Anton. "As long as the world has too much steel, price increases won't stick."
He said U.S. producers have been very disciplined in controlling output and "have done everything they could to mitigate the damage."
The problem, he said, is the Chinese.
"The only thing that will get me to come off this dire outlook is a voluntary cut in Chinese production," Mr. Anton said.
Overseas, steel prices are $75 or more a ton lower than U.S. prices. That has prompted foreign producers to send their metal here. Applications for import permits jumped 19 percent in January and are expected to jump again in February, Mr. Johnson said.
Then there's the fact that steel prices move in tandem with prices for iron ore and other raw materials, which also are falling. Morningstar analyst Andrew Lane said that's why he believes steel prices will fall through the end of 2015.
Last week, the U.S. Department of Commerce issued an adverse ruling in a trade complaint brought by U.S. steel makers last year over imports of tubular goods used in the energy industry. The agency declined to impose penalties on shipments from South Korea, the largest producer, and placed lower-than-anticipated duties on imports from eight other countries.
U.S. Steel's tubular business accounted for nearly half of the company's operating income last year. The trade case ruling will pressure the company's profit margins, JPMorgan analysts told clients last week.
Analyst John Tumazos said domestic producers also will be dented by the stronger U.S. dollar, which makes imports more competitively priced compared to domestically produced steel.
"It's difficult to pass price hikes when the dollar strengthens," the Holmdel, N.J., analyst said.
Despite that, Mr. Tumazos is expecting an improved performance from the Pittsburgh company this year.
"I think U.S. Steel's costs will fall more than prices might. And there's a good chance they won't lose money in 2014," he said.
Despite the concern about lower prices, U.S. Steel shares topped $30 in January, nearly 70 percent higher than they were when Mr. Longhi took over Sept. 1.
Their ascent reflected investor confidence that the former Alcoa executive will be able to right the ship, optimism Mr. Tumazos jokingly referred to as "the Super Mario bubble."
The shares dropped 7 percent Wednesday on the trade ruling and closed Friday at $25, off $2.23 for the week.
Read more: http://www.post-gazette.com/business/2014/02/23/Falling-prices-may-negate-U-S-Steel-cost-cutting-plan/stories/201402230118#ixzz2uI2bC01H
