Metal Commodities and Recycling Report, Wilson Metal Recycling, 404 Maury St S, Wilson, NC, 27893, 252-243-3586

Wilson Metal Recycling Metal Commodities and Recycling ReportApril 27th, 2015404 Maury St SWilson, NC, 27893
252-243-3586

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 27th, 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. 
commodities recycling report
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.
 
 

commodities recycling report
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. 
 

commodities recycling report
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.
 

commodities recycling report
CME Group – Copper Prices Graph



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

commodities recycling report
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 Wilson Metal Recycling! 404 Maury St S, Wilson, NC, 27893, (252) 243-3586

WILSON METAL RECYCLING404 MAURY ST. S,WILSON, NC 27893(252) 243-3586


wilson scrap metal recycling
Lead Acid Battery Ready to be Recycled at Wilson Metal Recycling


Recycle your batteries at WILSON 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 a list of product specifications CLICK HERE
For a list of What We Buy – CLICK HERE
For Fair Weights, Best Prices, and Great Service – Come to Wilson SCRAP METAL RECYCLING Today!
 
For today’s prices call our main number at 252-243-3586 and after the Greeting, Press 2, you will hear a recording of “Today’s Prices“.
Wilson Metal Recycling
-Great Prices
-Outstanding Service
-Industrial Pick Up and Public Drop off
-11 Digital Scales to get you in and out-FAST!

 
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:



When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:


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


BENLEE Roll Off Trailers For Sale!


Metal Commodities and Recycling Report, Wilson Metal Recycling, 404 Maury St S, Wilson, NC, 27893, 252-243-3586

Wilson Metal Recycling Metal Commodities and Recycling Report

April 20th, 2015
404 Maury St S
Wilson, NC, 27893
252-243-3586


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 20th, 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.
wilson metal recycling
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.
wilson metal recycling
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.
wilson metal recycling
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.
wilson metal recycling
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.
wilson metal recycling
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.
wilson metal recycling
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.

Appliance Disposal at Wilson Scrap Metal Recycling, 404 Maury St S, Wilson, NC, 27893

Wilson Metal Recycling

Appliance Recycling

404 Maury Street South

Wilson, NC, 27893
Appliance Recycling and Appliance Disposal is a major part of our business at Goldsboro Metal Recycling. Why go to the ‘dump’ when you can come to us and get cash for your old appliances, broken or not.

wilson scrap metal recycling
Appliances Ready to be Recycled at Wilson Scrap Metal Recycling

RECYCLE YOUR APPLIANCES and other big items from our drive-thru, truck scale entrance! Now you don’t have to get out of your car to dispose of your old appliances and other scrap metals.
DO YOU KNOW WHAT APPLIANCES WEIGH ON AVERAGE?
REFRIGERATORS: 200-300lbs

OVENS: 130-250lbs

WASHERS & DRYERS: 100-200lbs

SMALL APLLIANCES (lawn mowers, microwaves, vacuums): 16-65lbs
We are buyers from around the Triangle and beyond. Raleigh, Durham, Tarboro, Rocky Mount, Greenville and MORE! Come see us or call us if you are a commercial or industrial company.

For a list of product specifications CLICK HERE
For a list of What We Buy – CLICK HERE
For Fair Weights, Best Prices, and Great Service – Come to Wilson SCRAP METAL RECYCLING Today!
 
For today’s prices call our main number at 252-243-3586 and after the Greeting, Press 2, you will hear a recording of “Today’s Prices“.
Wilson Metal Recycling
-Great Prices
-Outstanding Service
-Industrial Pick Up and Public Drop off
-11 Digital Scales to get you in and out-FAST!

 
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:



When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:


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


BENLEE Roll Off Trailers For Sale!

Metal Commodities and Recycling Report, Wilson Metal Recycling, 404 Maury St S, Wilson, NC, 27893, 252-243-3586

Wilson Metal Recycling Metal Commodities and Recycling Report
April 13th, 2015
404 Maury St S
Wilson, NC, 27893
252-243-3586


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 13th, 2015.  My name is Greg Brown, President and CEO of the companies.
commodities recycling report
AMM – Scrap Metal Prices Graph
Last week was ferrous trading week.  It was uneventful in that there was little change anywhere.  In talking to people, most prices were sideways, with a few people saying prices were slightly up and others said slightly down.  We heard in the Midwest, there were some people struggling to sell all their material. 
commodities recycling report
AMM – Steel Production Graph
Steel production in the U.S. remains terribly depressed as it has been for the past two months and hit a new multi-year low last week.  With the U.S. dollar continuing to be very strong vs. the Euro and with little growth in the European economy, there is little to reduce the flow of European scrap and European steel finished goods from coming to the U.S.  Also, if last week’s announcement of a political deal with Iran turns into a real deal, it means Iran will be able to bring more oil to the market which will keep pressure on oil prices.  That will further hurt U.S. drilling rates, which will hurt steel production, and therefore hurt scrap steel prices.
commodities recycling report
Baker Hughes – US Oil Rig Count Prices
As for steel used in oil drilling rigs, oil prices remained low last week.  U.S. crude inventories reported their largest weekly increase in 14 years, making this the 13th week in a row of increases.  U.S. gasoline stock levels hit their highest seasonally adjusted level since record keeping began.  This will help consumer spending with lower oil prices, but is hurting steel prices with lack of demand for drilling. The lower prices continue to cause the oil drilling rig count to decline, which is now down a huge 53% since hitting its high in October of 2014. 
commodities recycling report
CME Group  – Copper Prices Graph
Copper held its own last week and had little change, with no global economic news to make anything happen. 
commodities recycling report
Kitco – Aluminum Prices Graph
Aluminum prices declined slightly for the week and are near multi-year lows.  On the positive side, Alcoa released their earnings and said that aluminum for commercial trucks was a major growth market for aluminum.  Related, last week there were also reports of Chrysler and GM following Ford with adding major amounts of aluminum to their vehicles to get more weight out of their vehicles to get higher gas mileage.
There were no changes in 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.
Lastly, if you are still on the fence and have not decided to go to Vancouver Canada next week for the annual ISRI meeting, book your flights and come.  It is the only place where in one day you can meet executives from every equipment and service company for the industry.  It is also a great place to network.  Related, we will be on a panel discussing metal theft from scrap yards, which remains a major problem in the industry.
With that we hope all have a Safe and Profitable week.   Tune in next week for the Commodity and Recycling report.

INDUSTRIAL, CONSTRUCTION, FACTORY, and MANUFACTURING RECYCLING! We buy REBAR, ELECTRICAL WIRING, BROKEN FORKLIFTS AND TRUCKS, METAL SIDING and MORE at Wilson Metal Recycling! 404 Maury St S, Wilson, NC, 27893, (252) 243-3586

Industrial, construction, factory, and manufacturing scrap metal recycling

WILSON METAL RECYCLING

404 MAURY ST. S, WILSON, NC, 27893



Wilson Metal Recycling is prepared and ready to help you recycle your residential, commercial or industrial demolition project or manufacturing waste! Bring us your REBAR, COPPER, ALUMINUM, ELECTRICAL WIRING, METAL SIDING, GUTTERS, AIR CONDITIONERS, and MORE!

wilson scrap metal recycling
FACTORY WASTE – MANUFACTURING SCRAP METAL READY FOR RECYCLING


We provide professional and dependable hauling services to industrial plants, demolition contractors, auto-wrecking yards, fabricators, stamping operations, electrical contractors, farms, and anyone who generates scrap metals in volume. We keep our costs low, so we can offer you the best Scrap Metal Prices in the industry.
Want the most money for your broken equipment? We recycle everything from BROKEN LADDERS to OLD TRUCKS and FORKLIFTS!
Be sure to use our convenient Truck Scale Entrance with 3 Truck Scales when recycling Demolition and Construction waste!

For a list of product specifications CLICK HERE
For a list of What We Buy – CLICK HERE
For Fair Weights, Best Prices, and Great Service – Come to Wilson SCRAP METAL RECYCLING Today!
 
For today’s prices call our main number at 252-243-3586 and after the Greeting, Press 2, you will hear a recording of “Today’s Prices“.
Wilson Metal Recycling
-Great Prices
-Outstanding Service
-Industrial Pick Up and Public Drop off
-11 Digital Scales to get you in and out-FAST!

 
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:



When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:


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


BENLEE Roll Off Trailers For Sale!

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