Scrap A Car For Cash? Get More Money For Your Salvage Car or Junk Car At Goldsboro Metal Recycling, 801 N. John St. Goldsboro, NC, 27530, 919-731-5600

GOLDSBORO METAL RECYCLING

WE BUY JUNK CARS FOR MORE CASH

801 N. JOHN ST. 

GOLDSBORO, NC 27530

Get the Most Cash for Your Junk Cars at Goldsboro Metal Recycling

Cash on the spot for your car! You Tow  or
Drive In!  Any condition, Running or Not!

#1 Buying Junk cars from the Public in Wayne 

and beyond!

Cash on the spot.Running or not.Call 919-422-15197 Days a week, we come to you!YOU DRIVE OR YOU TOW!Cash on the spot.Running or not.Drive, tow right up onto our scales.Open Monday-SaturdayGoldsboro Metal Recycling801 N. John StreetGoldsboro, NC 27530Tel 919-731-5600Come see us or call us from Raleigh, Durham, Apex, Cary, Clayton, Wake Forest and more!
Also see What We Buy, for other things we at Goldsboro Recycling buy.Goldsboro Recycling right here in Wake County, North Carolina is your place for Junk Cars and Salvage Car Removal. Get cash for your junk car!Greg Browngbrown@Goldsboroscrapmetalrecycling.com For today’s prices call our main number at 919-731-5600 and after the Greeting, Press 1, you will hear a recording of "Today's Prices".Goldsboro Metal Recycling

-Great Prices
-Outstanding Service
-Industrial Pick Up and Public Drop off
-11 Digital Scales to get you in and out-FAST!

- Junk Cars
You Drive in OR Tow in

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 Scrap Metal Recycling2310 Garner Rd.Raleigh, NC 27610
Tel 919-828-5426www.raleighscrapmetalrecycling.comWhen in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:Goldsboro Scrap Metal Recycling801 N. John St.Goldsboro, NC 27530
Tel: 919-731-5600www.goldsboroscrapmetalrecycling.com

When in Wilson, NC, Tarboro, NC, Rocky Mount, NC, Greenville, come see us at:
Wilson Scrap Metal Recycling J & G404 Maury Road SWilson, NC, 27892Tel 252-243 3586
www.wilsonncscrapmetalrecyclingjg.comWant to JUNK your CAR FOR CASH??!!!CLICK HERE to check out our Junk and Salvage Car Websitehttp://junkmycarnc.com/

BENLEE Roll Off Trailers For Sale!CLICK HEREwww.benlee.comGreg Browngreg.brown@raleighscrapmetalrecycling.com919-828-5426

Metal Commodities and Recycling Report, Goldsboro Metal Recycling, 801 N John St, Goldsboro, NC, 27530, 919-731-5600

GOLDSBORO METAL RECYCLING

METAL COMMODITIES AND RECYCLING REPORT

APRIL 27TH, 2015

801 N JOHN ST

GOLDSBORO, NC, 27530 

919-731-5600

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, April 27^th, 2015.  My name is Greg Brown, President and CEO of the companies.

Last week while there was some very bad news, we saw some stabilization in the commodities markets which is a clear positive.

As expected, Steel Dynamics released their earnings last week and said that OmniSource, the country’s second largest recycler, lost money in the first quarter.  Related, Nucor Steel released that their recycling division’s profit declined.  Nucor also released that their DRI plant in Louisiana, that makes a scrap steel substitute, was back on line in recent weeks.  This plant back on line is just another factor in keeping scrap steel prices low. 

AMM - Scrap Metal Prices Graph

There has been stabilization of the euro vs. the dollar, but with the euro at about $1.08 to the dollar, this is still a major incentive to have scrap metal and finished goods steel, flow into the U.S. from Europe.

The low euro along with dynamics such as the continuing decline in the oil rig count, continue to put pressure on steel production and prices.  

Last week the oil rig count fell for the 20th week in a row.  At the current 704 rigs, it is 56% below last October’s high of 1,609.  

Baker Hughes - US Oil Rig Count Graph

Oil, though, is now up about 18% from the lows of a few months ago, so this rapid oil rig decline should be slowing soon.  

On the positive side, with auto production strong and with construction in the U.S. getting a bit better, steel production is off its lows.

AMM - Steel Production Graph 

Copper had some highs and lows last week, but remains in a range for the past 6 weeks and is about $2.76 per pound this morning.

CME Group - Copper Prices Graph

Aluminum traded in a similar way last week and is about where it was two months ago.

Kitco - Aluminum Prices Graph

There were some mixed signals in the economy last week with the government releasing that orders for durable goods were up a nice 4%, but it was mostly due to orders for commercial aircraft.  Behind these numbers was that last month was the 7th month in a row of declines in business investment.  Michael Montgomery of IHS Global Insight said, "The report was yet another false positive that looks good in the headline but is eroding away underneath.

New home sales were released last week and fell more than 11 percent, to 481,000, which was off its recent 7 year high.  Importantly, new home sales are still running less than half its high of over 1 million units in 2006.  Tight lending by banks and enormous student debt are major drags on this market.

Wall Street while somewhat being fueled by leverage of people buying on margin, continues to do very well.  As noted above, while fuel prices are rising, they are still below last year, so we hope the wealth effect of Wall Street, combined with lower fuel prices, will get the economy through some of its soft spots.

It was great to see so many friends, customers and suppliers at the ISRI meeting last week.

There were no changes to our copper prices in North Carolina last week, with our Raleigh prices of #1 copper being purchased for $2.36 per pound.  Prepared Steel is still being purchased for $6.25 per hundred pounds.

With that we hope all have a safe and profitable week. Tune in next week for the Commodities and Recycling Report.

BATTERY RECYCLING! We buy SMALL LEAD ACID, NICKEL-CADMIUM, LITHIUM ION, CAR and TRUCK BATTERIES, AND MORE at Goldsboro Metal Recycling! 801 N John St, Goldsboro, NC, 27530, (919) 731-5600

Goldsboro Metal Recycling

Battery Recycling

801 N. John Street

Goldsboro, NC, 27530

(919) 731 - 5600

Lead Acid Battery for Recycling at Goldsboro Metal Recycling

Recycle your batteries at GOLDSBORO METAL RECYCLING! Batteries should be handled with caution, as they contain toxic, poisonous materials.

BRING IN THESE TYPES OF BATTERIES TO ENSURE THEIR SAFE, ENVIRONMENTALLY CONSCIOUS DISPOSAL!!!  

Lead Acid Batteries (Pb) - From Cars, Trucks, Lawn equipment and Power Pack ups.

Lead Acid Industrial (Pb) - From Forklifts or other heavy equipment, can be 800 lbs.+

Li-Ion Batteries - Lithium Ion-Typically from Laptop computers and power tools

Ni-MH Batteries - Nickel Metal Hydride-Typically from Power tools and toys

UPS-Uninterrupted Power Supply (Lead Acid) - From Computer installations and other

*Alkaline Batteries - SORRY WE DO NOT ACCEPT - Flashlights and toys

For today’s prices call our main number at 919-731-5600 and after the Greeting, Press 1, you will hear a recording of "Today's Prices".

Goldsboro Metal Recycling

-Great Prices

-Outstanding Service

-Industrial Pick Up and Public Drop off

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

- Junk Cars

You Drive in OR Tow in

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

Tel: 919-731-5600

www.goldsboroscrapmetalrecycling.com


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

Wilson Scrap Metal Recycling J & G
404 Maury Road S
Wilson, NC, 27892
Tel 252-243 3586

www.wilsonncscrapmetalrecyclingjg.com

Want to JUNK your CAR FOR CASH??!!!

CLICK HERE to check out our Junk and Salvage Car Website

http://junkmycarnc.com/

BENLEE Roll Off Trailers For Sale!

CLICK HEREwww.benlee.com

Greg Brown
greg.brown@raleighscrapmetalrecycling.com
919-828-5426

Metal Commodities and Recycling Report, Goldsboro Metal Recycling, 801 N John St, Goldsboro, NC, 27530, 919-731-5600

GOLDSBORO METAL RECYCLING

METAL COMMODITIES AND RECYCLING REPORT

APRIL 20TH, 2015

801 N JOHN ST

GOLDSBORO, NC, 27530 

919-731-5600

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, April 20^th, 2015.  My name is Greg Brown, President and CEO of the companies.

 

Last week was a very tough week in the recycling business, but there are signs of relief.  Two large publically traded companies released that their outside accountants have issued what is called a “Going Concern” statement.  This was due to both companies were in violation of their banking agreements, as of December 31, 2014.  As you may remember, a few weeks ago, Steel Dynamics released that their OmniSource division would lose money in Q1 and Nucor released that their recycling division would have declining profits.  Put together, this means that the companies that were in trouble at the end of 2014, were probably in worse trouble as the quarter ended a few weeks ago.

 



AMM - Scrap Metal Prices Graph

 

 

As for scrap steel prices, they were up a couple of dollars last week based on small increases in exports.  Also on the positive side, Clarkson Capital released buy ratings on Nucor Steel, Arcelor Mittal and AK Steel, due to their exposure to the U.S. automotive and construction industry.  They also wrote as we have mentioned, that the U.S. steel companies may file anti-dumping charges by foreign steel companies, to try and reduce the flood of imports.

AMM - Steel Production Graph

While steel production bumped up a bit last week, it remains near its multi-year lows, again due to the flood of imports and some weak end markets like Oil and Gas drilling.

Baker Hughes - US Oil Rig Count

 

The oil rig count hit yet another new multi-year low last week and is now back to where it was in November of 2010.  The combined oil and gas rig count is now at the lowest level since July 2009.  With the oil rig count at 734 rigs, that is now an enormous 55% drop from the recent October 2014 high of 1,609 rigs.

 



CME Group - Copper Prices Graph

Copper had a volatile week, having declined a bit and as of last night, Sunday, was $2.82, but is about 2.74 this morning. A couple of weeks ago, copper went to $2.89 for a number of hours, but excluding that, copper hit a new one month high last night.

Kitco - Aluminum Prices Graph

 

 

Aluminum had a great week and is now at a multi month high.  We remain feeling good about aluminum pricing as it takes even higher market share in cars and trucks and as the commercial jet market continues to hit new production records.

Kitco - Lead Prices Graph

 

Lead also had a great week and is near a 6 month high, which is good news for those that recycle lead and car batteries.

 

As for more positive news, this morning, the Chinese central bank made some moves to stimulate their economy, which will help all as well.

 

In summary, many commodities have stabilized from their free fall and some are hitting multi month highs.  Major damage has been done to the recycling industry, but it looks like the worst may be over.  Importantly, no one it talking like there will be a major recovery like we saw in 2009 and 2010.  Prices and profits are due to stay low.

For those of you that are still on the fence and thinking of coming to the ISRI meeting in Vancouver this week, it will be a great meeting to talk to suppliers, see friends and attend the Metal and Money theft from scrap yards session that I will be speaking at.

 

There were no changes to our copper prices in North Carolina last week, with our Raleigh prices of #1 copper being purchased for $2.36 per pound.  Prepared Steel is still being purchased for $6.25 per hundred pounds.

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

Scrap A Car For Cash? Get More Money For Your Salvage Car or Junk Car At Goldsboro Metal Recycling, 801 N. John St. Goldsboro, NC, 27530, 919-731-5600

GOLDSBORO METAL RECYCLING

WE BUY JUNK CARS FOR MORE CASH

801 N. JOHN ST. 

GOLDSBORO, NC 27530

Cash on the spot for your car! You Tow  or
Drive In!  Any condition, Running or Not!

Get the Most Cash for Your Junk Cars at Goldsboro Metal Recycling

#1 Buying Junk cars from the Public in Wayne and beyond!

Cash on the spot.
Running or not.
Call 919-422-1519
7 Days a week, we come to you!

YOU DRIVE OR YOU TOW!

Cash on the spot.
Running or not.
Drive, tow right up onto our scales.
Open Monday-Saturday

Goldsboro Metal Recycling
801 N. John Street
Goldsboro, NC 27530
Tel 919-731-5600

Come see us or call us from Raleigh, Durham, Apex, Cary, Clayton, Wake Forest and more!

Also see What We Buy, for other things we at Goldsboro Recycling buy.
Goldsboro Recycling right here in Wake County, North Carolina is your place for Junk Cars and Salvage Car Removal. Get cash for your junk car!

Greg Brown
gbrown@Goldsboroscrapmetalrecycling.com

 
For today’s prices call our main number at 919-731-5600 and after the Greeting, Press 1, you will hear a recording of "Today's Prices".

Goldsboro Metal Recycling

-Great Prices

-Outstanding Service

-Industrial Pick Up and Public Drop off

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

- Junk Cars

You Drive in OR Tow in

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

Tel: 919-731-5600

www.goldsboroscrapmetalrecycling.com


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

Wilson Scrap Metal Recycling J & G
404 Maury Road S
Wilson, NC, 27892
Tel 252-243 3586

www.wilsonncscrapmetalrecyclingjg.com

Want to JUNK your CAR FOR CASH??!!!

CLICK HERE to check out our Junk and Salvage Car Website

http://junkmycarnc.com/

BENLEE Roll Off Trailers For Sale!

CLICK HEREwww.benlee.com

Greg Brown
greg.brown@raleighscrapmetalrecycling.com
919-828-5426