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.

 

Due to our travel schedule this is a special Friday Commodities report July 17th, 2015 instead of our normal Monday report.  My name is Greg Brown, President and CEO of the companies.

 

There was little good news this week in commodities and recycling.

Steel Production

 U.S. steel production ticked up a bit in the last week, which follows with the slow continued increase in the U.S. economy.  As has been reported here, parts of the economy such as home sales and car sales are at 9 to 10 year highs.


Oil Rig Count

The oil rig count that had stabilized and was up for two weeks came down a bit last week.  This follows with oil prices coming down to new multi month lows and means less steel is being used in drilling.

Heavy Melt Price

As for scrap steel prices, as we all know they came down this month and some say they could come down again in August.  With the U.S. dollar strong, scrap metal continues to come in to the U.S. from other parts of the world.  It also means that major importers of scrap steel like China are buying more from Europe and less from the U.S.

Copper Prices

Copper prices which hit new 6+ year lows two weeks ago and then rose a bit, came steadily down last week.

Copper Stocks Level

In another bad sign, copper inventories have been rising for weeks and are near multi month highs.  Bloomberg reported last week that some think copper could drop another 13% this year.  There is no good news for copper.

Aluminum

Aluminum, which also hit new lows two weeks ago, stayed pretty flat at a level just above those new recent lows.

 

As for general news, the U.S. stock market hit new highs last week, and oil hit new multi month lows.  This could help spending and help create demand, which could mean that the bottom for commodities could be close.

 

Permits for new home building rose to the highest level in June since July 2007 and the home building sentiment index, hit a new 10 year high, both very positive signs for good things to come in the economy, but not for recycling, unless China and Europe start growing at a healthy rate.

 

Lastly for those members if ISRI-the scrap recycling organization that have joined the Circle of Safety, you should review joining it to share and improve your safety operational issues with others.

 

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.

Aluminum Recycling We Love at Raleigh Metal Recycling

Aluminum recycling is one of our most robust processes at Raleigh Metal Recycling. We literally process tons of aluminum materials such as aluminum can scrap, 6063 aluminum, aluminum wire, engine parts and other pieces of aluminum every week of the year. Our friendly representatives continuously go above and beyond expectations for our customers. They time after time make scrapping aluminum a fun and exciting adventure for first-time aluminum sellers. Believe it or not, you can even do Aluminum Can Recycling. We take soda cans, pop cans, beer cans, even the pull tabs on them. 

 

And speaking of first-timers

Yes, speaking of the newbies to aluminum recycling, you can bring in your aluminum metals via two methods. First, for loads of less than 100 pounds, park in the parking lot at our facility and grab one of the wheeled carts at the center of the building. At your vehicle, then place all your aluminum (along with the other types of metal you might have) on the cart and bring it through the entranceway just to the left of the corridor where your cart first was. One of our scale masters will take a look at your materials, assessing it all so you get the best deal for the items you bring.

The second option for delivering materials weighing 100 pounds or more to Raleigh Metal Recycling results in a quite different experience. Drive your vehicle around the left side of the building where our truck scales are. Drive onto the far-right truck scale stop at the second booth on your left. Our truck scale master will put you into our system, weighing your vehicle and telling you where to go after that. Upon dropping off your aluminum, you’ll drive onto the middle scale, which is where you’ll get weighed out. There you’ll also receive a receipt that you’ll take to the ATM machine, which is the far-left door if you’re at the front of the building. Could aluminum recycling get any better?!

Give us a call if you have any questions about our process. 919-828-5426.

Aluminum Recycling