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

Metal Commodities and Recycling Report
Goldsboro Metal Recycling
We Buy Junk Cars For More Cash
801 N. John St.

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, Goldsboro Metal Recycling, the leaders in North Carolina for Scrap Metal, Cardboard, Electronics and Junk Cars.

 

Today is Monday August 10th, 2015.  My name is Greg Brown, President and CEO of the companies.

 

Sadly the story remains the same. There is mostly bad news in the commodities and recycling markets, with only limited positives.

 

Steel Production

While steel production in the U.S. remains on its slow upward trend, production is well below the level of the last two years.

Oil Rig Count

Two of the things that are helping steel production is that the oil rig count is up slightly, despite falling oil prices and car production is strong.

Steel Prices

With the U.S. dollar remaining strong, the story has not changed in that metal prices remain low.  When the attached chart is updated next week, it will show a drop of about $30/GT, making it the lowest price in over 6 years.

 

Related, the utilization rate at steel mills in the U.S. is now about 74%, yet it was 79% a year ago.  The flood of scrap metal into the U.S. from Europe, the manufacturing of low cost DRI, along with low steel production, remain the key reasons steel prices continue to fall.

Copper

Copper hit an important milestone last week.  Copper’s all time high was $4.66 a pound in April 2011.  Last week, it went below $2.33, meaning it is now trading at less than half its high of 2011.  Most believe that copper could go as low as $2.10 or lower, before is stabilizes.

Aluminum

Aluminum also hit a 6 plus year low in the past week.  The slow economy and over production of aluminum in China, is a key factor in low aluminum prices.

 

The U.S. economy continues its slow improvement.  There was a good jobs report last week that had over 200,000 jobs created in July.  Car and truck sales may hit the highest level since 2001 and the oil price decline will help spending around the world, but none of it is enough to help commodity prices.

 

On a bad note, Federal Charges were brought against a major recycler in North Carolina this past week, due to banking issues.  We are aware of yet another North Carolina recycler that is also currently involved with at least one lawsuit that could lead to charges as well.  Recycling is an important industry and markets are worse than bad, but all laws must be respected and followed.  Integrity is key to all we do.

 

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.

    

Old Appliance Recycling and Disposal, Refrigerators, Washers, Dryers, Goldsboro , NC, Cary, Durham, 27530

Goldsboro Metal Recycling

801 N. John St

Goldsboro, NC 27530
919-731-5600

Appliance Recycle

Recycling Appliances
Appliance Disposal

Appliance Recycling Center

Refrigerator Recycling
Washers, Dryers, Refrigerators
1/13/2015

Old refrigerator not working? Is a handyman quoting you at several hundred dollars to simply replace a bad compressor? 

Bring it to us for Cash!  Refrigerators, Washers and Dryers


Protect the wallet and don't waste your money on something that might well break again, especially if we're talkin' about a fridge from the '90s! Instead, haul your load to 801 N. John St, Goldsboro, NC, 27530 and get some money for that dilapidated appliance, whether it be an old refrigerator, microwave, freezer, dishwasher, dryer, washing machine, ice chest, or some other metal appliance, even if there's some plastic or glass on it. A great place to dispose of appliances.  You can get rid of appliances six days a week at Goldsboro Recycling!  We are great at Appliance Recycling.  We'll have you in and out, and our process is designed to make getting paid for doing some scrap metal recycling in the great state of North Carolina more efficient, exhilarating, rewarding, than ever before!  Remember, you can come from Cary, NC, Durham, Clayton and Wayne Forest to drop off your old refrigerator, too! We're not too far away from either of those places!

To get around expensive repair costs, when it comes right down to it, buying a new or slightly used appliance is oftentimes the best choice a consumer can make. Getting an extra $20 or $30 for scrapping that old refrigerator makes a lot of sense in such a case.

All you have to do is haul that old fridge down to 801 N. John St, Goldsboro, NC, 27530 and VOILA! Go around the left corner of the building.


Old Appliance Recycling, Refrigerators, Washers, Goldsboro Metal Recycling 919-731-5600

Old Appliance Recycling, Refrigerators, Washers, Goldsboro Metal Recycling 919-731-5600

You'll see the truck scales right in front of you. Go onto the scale that's closest to the building, and drive up to the second scale booth that will be on your left. One of our scale masters will inform you of all you need to keep in mind upon driving into the yard to do some good 'ole fashioned scrap recycling!  Goldsboro Scrap Metal Recycling.  We have great scrap metal prices!  We are not just a Junk Yard or Salvage Yard, we are Goldsboro Metal Recycling at its Best!

 

AN OLD REFRIGERATOR ISN'T THE ONLY THING YOU CAN BRING US!

And also, perhaps you'd like to bring in some steel, too, since that old refrigerator might be lonesome in the back of the pickup. Pieces of steel make for great items to bring through our truck scales, too. We buy loads of prepared steel, i.e., steel that's less than 3 feet by 2 feet that have no non-metals attached to them, for $0.25 more per hundred pounds than the bigger steel pieces (unprepared steel (3'x2' or greater in size)).
So, though we're certainly an appliance recycler, we help the environment and our customers by processing many other metal objects as well. Examples are aluminum cans and rims, motors, brass doorknobs, sheet copper, even junk cars!
We welcome any questions you might have about our operation; therefore, by all means, put 919-731-5600 into your phone so we can talk recycling sometime!

Greg Brown
919-731-5600
gbrown@Goldsboroscrapmetalrecycling.com
www.Goldsboroscrapmetalrecycling.com