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

May 26th, 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 Tuesday, May 26th, 2015.  My name is Greg Brown, President and CEO of the companies.

 

The overall economy, continues its slow growth around the world, which while too slow for some, the growth is there.  Wall Street continued to hit new highs this week and even the Chinese Stock market is up over 90% this year.

 

Steel Production - Wilson Metal Recycling

 

 

While ferrous production remains low it picked up a bit last week and is near a multi-month high.  While still low, it is better than it has been.

 

Steel Prices - 404 Maury St. S., NC, 27610

 

 

Ferrous prices remained steady this week in the U.S., but price pressure has been building for overseas shipments.  Many believe there will be a $20 or more per GT price increase in June, but as we have seen before this could change.  A key is that even as warm weather has swept across the country; flows of obsolete material into scrap yards remains very weak. 

 

US Oil Rig Count - (252) 243-3586

 

The oil rig count remains a major drag on steel consumption, but after falling for months, week after week, the rig count only fell by one last week.  Low oil prices have caused this dramatic drop, but as we have all seen, with oil prices having risen in recent months, the number of rigs in the U.S. is stabilizing.

 

Copper Prices - Wilson Metal Copper Prices

 

Copper had a very bad week.  It started the week at about 2.93 per pound on COMEX and as we go to press, we are at $2.81 per pound, down about 12 cents for the week.

 

Aluminum Prices - Wilson Scrap Metal Prices

 

Aluminum has continued its dramatic fall in recent weeks.  It remains not clear as to what is happening, but the only thing we know is that prices continue to fall. Chinese imports and warehouses full of material remain reasons for the drop.

 

Another major publically traded scrap company released poor earnings this week.  With ferrous prices stabilizing and coming back a bit, that has been very positive, but Copper and Aluminum have been down, which is a major negative going forward.

 

Housing Starts - North Carolina Scrap Metal Recycling

 

On a very positive note, housing starts hit a multi year high in April.  Housing creates significant jobs and boosts many aspects of the economy, so it is a very positive sign.

 

Prices for Aluminum have come down in Raleigh and Goldsboro this week.

Steel and Junk cars remained steady. Please call us at 919-828-5426 in Raleigh and 919-731-5600 in Goldsboro for prices. 

 

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

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
May 18th, 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, May18th, 2015.  My name is Greg Brown, President and CEO of the companies.

While commodity prices remain mostly steady, prices remain low across the industry. The S&P 500, the broad index on Wall Street, hit a new all-time high last week.  European stocks remain near their all-time highs as well, meaning things are pretty good, but not for commodities, due to weak manufacturing globally.  Also, the solid U.S economy causing the U.S. dollar to be strong, hurts commodity prices, which are priced in U.S. dollars.

Steel Production - Wilson Scrap Metal Recycling

While Ferrous production remains low and dropped a bit last week, a number of steel mills and scrap yards announced closings.  The low production volumes, which are heavily caused by imports, led to AreclorMittal, announcing the closing of their steel mill in South Carolina.  This low volume brought other major announcements, such as OmniSource closing some operations in the Southeast, ISA shutting their shredder, SMS shutting operations in the Midwest and a small operation in PA announced they were closing.  This is after Schnitzer announced 10 days ago they were closing two operations in the SE. 

When we said last week we thought there would be some upcoming closings, we never thought that in one week we would see so many announcements and we have never seen this many announcements in about a week, ever.

US Oil Rig Count - Wilson Copper Scrap Metal Prices

With oil drilling being a major consumer of steel, the only good news here is has that the dramatic drop in oil rigs, drilling in the U.S. is slowing.  They have been down for 23 weeks in a row.  While oil prices are still well below those of a year ago, they are in fact up about 40% from the low of a few months ago.  This is slowing the reduction in the oil rig count, but at 660 rigs, they are now down about 60% from the high of 1,609 rigs last October.

Steel Prices - 404 Maury St. S., wilson, NC, 27893

Ferrous prices remained pretty steady after ferrous selling week two weeks ago.  With production low at U.S. Mills and volumes into scrap yards incredibly low, we see little chance that ferrous prices will be down next month.  If they rise, it will not by a lot.

Copper Prices - NC Scrap Metal Recycling

Copper after rising almost steadily for a few months, seems to have hit a stabilization point and now has spent its second week at just about $2.92 per pound.  With even more good economic news out of Europe and two weeks ago, China adding some stimulus, it is clearly helping support copper prices.

Aluminum Prices - (252) 243-3586

Aluminum is a very different story.  As said, Steel and Copper have been steady.  Aluminum has dropped significantly.  The reason may be partly what caused the major steel declines.  Imports.  There is word of major imports of aluminum coming in from China, so despite volumes being good; prices are down significantly in recent weeks.

On a positive note, congratulations to our friend Randy Goodman in taking a key role with Greenland America to help them in their U.S. growth.

Copper prices were up last week in our NC operations and Aluminum was down.  Steel and Junk cars remained steady.  Please call us at 919-828-5426 in Raleigh and 919-731-5600 in Goldsboro for prices. 

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

GET MORE CASH FOR YOUR SCRAP METAL AT WILSON METAL RECYCLING, 404 Maury St. S., Wilson, NC, 27893, (252) 243-3586

GET MORE CASH FOR YOUR SCRAP METAL
WILSON METAL RECYCLING
404 MAURY ST. S.
WILSON, NC, 27893
(252) 243-3586

Wilson Scrap Metal Recycling Pays More for Pure, Separated Metals

At Wilson Metal Recycling, our business is buying metals, processing and sorting those metals, and then reselling to companies who make them into new products. 

When you bring your scrap metal to our facility, you are participating in the first stage of our business. Of course, we will buy any scrap metal that you bring into Wilson Metal Recycling- but if you want to make sure you’re getting the most money for your product, you should contribute to the processing stage. What does that mean? The most valuable items contain only one type of metal, and are not coated with plastic or otherwise attached to other materials. For example, you will get the most money for your aluminum screen doors or window frames if you remove the steel screws yourself. That is because we sell aluminum and steel separately and it costs Wilson Metal Recycling money to separate them. You would get more money for both the steel and aluminum than you would if you sold us the items together.

Greg Brown
252-243-3586
gbrown@wilsonncscrapmetalrecyclingjg.com

 
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:

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

Wilson Metal Recycling

Metal Commodities and Recycling Report
May 11th, 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, May11 th, 2015.  My name is Greg Brown, President and CEO of the companies.

Due to scheduling issues, there will not be a full video report this week and a shorter than normal text follows.  We will have a full report next week.

In the big picture the data shows that while things remain severely depressed for the recycling and commodities markets, we have seen the worst of it and things are slightly better.

Steel Prices - Wilson Scrap Metal Recycling

Last week was Ferrous selling week.  The good news is that prices were not down.  The bad news is, that they were up only slightly in some areas.  There have been more announcements of price increase by steel mills in the past week.  This could be followed by upward pressure in scrap prices.

The continued low ferrous prices mean volumes in scrap yards are somewhat better than they were 6+ weeks ago, but they remain severely depressed causing reduced flows of obsolete scrap.  Watch for more scrap yard closings, unless things change.

Steel Production - 404 Maury St. S, Wilson, NC, 27893

Steel production has stabilized, but was actually down a bit last week and is at a much lower level than last year.  There is no help from one of the larger users of steel; the oil industry.  The rig count fell yet again last week and is now at 668 rigs, almost 1,000 less than a recent year high of 1,609 in October 2014.  This is having the effect that the OPEC wanted in that oil has now risen 8 weeks in a row.  As U.S. slows production, prices are rising.  The Obama administration is making few friends with the Middle East in that the U.S. is becoming the new OPEC.  Our enormous production is now effecting global prices and keeping oil prices in line.  The good news is the U.S. is not stopping and has for the first time is going to allow drilling in the Artic.  More drilling, which is more supply, brings lower prices.

Copper Prices - (252) 243-3586

Copper, which is also known as Dr. Metal; the price of copper is an indicator of the health of the economy, is now at a 5 month high.  A very positive sign.  Of course at $2.93 on COMEX, it is much lower than the April 2011 high of $4.66, but it sure is better than $2.39 of some months ago.

The positive jobs report last week that drove the U.S. stock market to new highs is part of this positive news.  Last week there was also more good news in Europe about their economy and the Chinese have cut interest rates to boost their economy.  Silver linings in many places.

Aluminum Prices - www.wilsonscrapmetalrecycling.com

Aluminum, came down a bit, but is still near a multi month high and is higher than it was a year ago.

Copper prices were up last week in our North Carolina operations.  Please call us at 919-828-5426 in Raleigh and 919-731-5600 in Goldsboro for prices.  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.

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!

Industrial Manufacturing Waste at Wilson Scrap Metal Recycling

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!

Greg Brown
252-243-3586
gbrown@wilsonncscrapmetalrecyclingjg.com

 
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:

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

Wilson Metal RecyclingMetal Commodities and Recycling Report
April 27th, 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, May 4 th, 2015.  My name is Greg Brown, President and CEO of the companies.

While volumes coming in to recycling operations remain severely depressed, there was some positive news in the commodities markets last week.

AMM - Steel Production Graph - Wilson Metal Recycling

Steel production in the United States hit a two month high and at least two steel mills announced $20 per ton price increases. 

AMM - Scrap Metal Prices Graph - Wilson Metal Recycling

This is leading many to believe that the stabilization in scrap steel prices in recent months will lead to increases this week as we enter ferrous trading week.  In fact there was word of at least one up market last Friday.  On the negative side, despite oil prices now near 4 month highs, the oil rig count, hit a new multi-year low last week.  

With the rig count at 679 rigs that is a staggering 58% below last October’s high of 1,609.  Of course this is important due to drilling rigs use enormous mounts of steel. 

 

WTRG Economics - Saudi Arabian Oil Rig Count - Wilson Metal Recycling

Interestingly, Saudi Arabia is doing all it can to keep prices low and to have the U.S. reduce our drilling.  Their rig count has been hitting historic highs in recent months.  Also, last week the large publically traded company, Waste Management released their earnings. 

While they were up, they said that recycling commodities, which were forecasted to be a drag on earnings of 3-5 cents per share, was now going to be worse, and would be a drag of about 10 cents per share.  This is just another sign that while we see some green shoots in the recycling, things are far from great.

CME Group - Copper Price Graph - Wilson Metal Recycling

As for positive news, last week’s good economic news in Europe, caused the Euro to strengthen to a two month high of 1.12 to the dollar, up from $1.05 of a few weeks ago.  The weakened dollar was a key reason, that copper hit multi month high last week.

Kitco - Aluminum Metal Prices - Wilson Metal Recycling

Aluminum, while not back to where it was about 6 months ago, hit at multi month high and is now actually higher than it was a year ago.

tradingeconomics.com - US Personal Savings Rate - Wilson Metal Recycling

There has yet to be a major translation to consumers spending money saved on gas at the pump, but when that happens, steel consumption should rise.  At this point, consumers are choosing to save this extra money.  We remain optimistic that consumer spending will soon rise and will help recycling volumes, prices and steel production.

There was bad news for a number of scrap yards and demolition customers last week in that they received letters from the bankruptcy court for Hayes Iron and Metal, demanding a “Claw Back”. 

A claw back is when a company goes bankrupt if the court can prove preferential treatment of suppliers, the court can demand money back that was paid out 90 days, before the bankrupt filing. 

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.