Scrap Metal Steel prices and Junk Car Prices down-Wilson, NC Recycling, 404 Maury St. S, 27893, 252-243-3586

Scrap Metal Prices

Wilson Metal Recycling

 

 

Scrap Metal Prices as we unfortunately thought would happen are now down significantly.  Prices for most steel dropped $1.00/Hundred pounds Tuesday.  Yesterday we dropped another $.75/Hundred on most steel and $.50/Hundred on cars and 'shred' (appliances/mixed metals).

 

 

This of course is good news for companies that buy steel, due to finished goods steel is falling in price, but scrap metal is now at lows not seen since late 2008, 7 years ago.

In this tough market we are still Wilson Recycling at its best.  We are not just a Junk Yard or a Salvage yard, we are the best Recycling Center in Wilson County, NC working with our customers to pay the most possible in this very tough market.

 

 

While prices are low, we remain the best service, scrap yard, salvage yard for all you scrap metal recycling.

 

Greg Brown

gbrown@wilsonncscrapmetalrecyclingjg.com

252-243-3586


Old Appliance Disposal, Removal

Wilson Recycling Drop off Center



Video on Scrap Metal Prices- Wilson Metal Recycling

Scrap Metal Prices Update for Steel-PRICES GOING DOWN about $1.75/Hundred Pounds, Wilson, NC, 27893

Scrap Metal Prices

Steel/Junk Cars

Wilson Metal Recycling

9/28/15

 

Based on some last minute market moves, we are now almost sure, prices will be down about $1.75/Hundred pounds for Ferrous/Steel. 

 

We thought this would be effective today Monday, but it now seems like we can hold this off for another day or two.

 

If you have any ferrous material today, Monday, it is the time to get it to us.

 

We are sorry for this action in a day or so, that we have to take, but global markets have deteriorated very significantly, mainly cashed by China's continued slowing.

See our website for our weekly report.  Click below for last week's report.  This week's report will be posted after noon, Monday.

 

Scrap Metal & Commodities Recycling report

Greg Brown

gbrown@wilsonncscrapmetalrecyclingjg.com

252-243-3586

Old Appliances, Refigerator, Stove, Appliances, Recycling, Disposal, Used Salvage

Scrap Old Appliances 

Recycling Appliances

Salvage, Disposal

How to Junk My Appliances

 

Get rid of your old appliances at Wilson Metal Recycling. It is very simple. 

 

Old Appliancesl- Wilson Metal Recycling

If you are wondering, how do I dispose and recycle an old appliance, we make it simple.  Bring any old appliance to us! 

 It is tough to get rid of old stoves, washing machines and more.  We recycle all of them and they get turned into new cars, appliances, steel beams and more!  We are not just a Junk Yard or a Salvage Yard.  We are a Recycling Center for many types of metal.

 

We will pay you over 4 cents a pound for you appliances!

 

Wilson Metal Recycling

404 Maury St. S.

Wilson, NC 27893

 

Come see us!

 

Greg Brown

gbrown@wilsonncscrapmetalrecyclingjg.com

252-243-3586

 

NC Current Scrap Metal Prices at Wilson Metal Recycling-Call 252-243-3586, Copper, Aluminum

NC Scrap Metal Prices in Wilson

 

 

Scrap Metal Prices are now the lowest that have been since 2009.  Copper which  hit a high of $4.66 on COMEX dropped to $2.31 this week, less than half of what it was.

Steel, Cars and Appliances are about a less than a third of what they were.  

There is not an easy answer.  At Wilson Metal Recycling we do our best to pay you the most per pound for your Scrap Metal, Copper, Aluminum, Computers, Old Appliances and more, but the amount we get is now at multi year lows.

The U.S. economy is not what we want it to be, but it is OK.  North Carolina's economy is better than most states.  The problem is China uses more than half the world's metal and their economy has slowed down significantly.  If they are not using a lot of metal, prices come down.

We are not just the average junk yard or salvage yard.  We remain a full service Wilson Recycling Center right here in Wilson County.  We are the Convenience Center that pays you cash for your metal trash when you recycle, even your old aluminum cans.

Come see us at 
Wilson Metal Recycling
404 Maury St. S

Wilson, NC 27893
Tel 252-243-3586
convenience

Greg Brown
gbrown@wilsonncscrapmetalrecyclingjg.com





Wilson Scrap Metal Copper Prices per pound



Scrap Metal Price per pound in Wilson, NC for Copper, Aluminum and more. Call 252-243-3586

ISRI

Friday Report

As you know we have our weekly report on Mondays that is short and sweet as they say.  With that ISRI has a much more detailed report that I wanted to pass along

So when the week starts out with headlines such as “Commodity prices head for 13-year low” (Financial Times, 7/20) and “Investors Flee Commodities” (Wall Street Journal, 7/20), chances are it’s not going to be a great week in the commodity and scrap markets, and so it was. Continued excess supply (anotherFinancial Times headline this week: “Record BHP iron ore output beats forecasts”) and cooling Chinese demand put additional downward pressure not only on commodity prices but on commodity exporter currencies as well. As one example, the US dollar was briefly buying a remarkable $1.31 Canadian late this week and the greenback appreciated against other commodity-dependent currencies including Australia, Brazil, Mexico and Russia. Reflecting the broad weakness across the commodities spectrum, the Bloomberg Commodity Index lost ground in 3 of the first 4 trading sessions of the week. In New York, crude oil futures dropped below $48/bbl this week – as compared to levels around $95/bbl one year ago. One could reasonably argue that the cheaper oil prices should spur consumer spending, but the sharp drop-off in oil and other commodity prices over the last year is not exactly a vote of confidence in the health of the global economy, and China is still at the top of the list of investor concerns. More on China below but suffice it to say the slowdown in China and deteriorating commodity outlook are weighing heavily on the global scrap marketplace.
This Issue of the Friday Report is Sponsored By...
www.harrisequip.com
In This Issue
Week in Review
On Friday, Markit Economics reported that the Caixin (formerly HSBC) flash China manufacturing PMI dropped from 49.4 in June to 48.2 in July, remaining below the 50-level threshold separating growth from contraction and marking a 15-month low. Commodity markets reacted according with the Bloomberg Commodity Index down more than 1% as energy and metal prices were pressured lower early on. In Shanghai, most actively traded SHFE copper settled 1.6% lower today and copper prices would post early losses in London and New York as well before stabilizing late in the day. COMEX Sep copper traded as low as $2.3505/lb. today before recovering to around $2.38/lb. – small comfort for copper market participants that have seen prices continue to erode from levels around $3.20-$3.25/lb. this time last year. In London, base metals ended the day mixed with LME 3-mo. copper and aluminum last trading around $5,268/mt and $1,645/mt, respectively, while nickel, lead and zinc prices lost ground. After having started the week above $1,815/mt, LME 3-mo. lead traded as low as $1,700/mt before retracing a portion of the day’s losses to climb back above $1,720/mt this afternoon. On Wall Street, the Dow Industrials were down 0.9% this afternoon as stocks headed for their fourth straight loss while the yield on 10-year Treasury notes slipped below 2.26%. At least it’s Friday.
Macro
In the U.S., the economic calendar was pretty light this week (and sorry to our Monday Report readers who got a paragraph in this week’s report that unhelpfully previewed last week’s events, our apologies), but there were some surprisingly positive news. The week’s report on initial unemployment claims showed new claims improbably dropped to the lowest seasonally adjusted level (255,000) since the 1970’s. While we try not to make too much out of one data point, it’s not often that we can report the best reading for an indicator since 1973 (see chart below).
In other U.S. news, existing home sales reportedly improved to a seasonally adjusted annual rate of 5.49 million in June (offsetting a disappointing reading on new home sales, which slipped to 482,000), while the Conference Board reported a healthy 0.6% increase in the U.S. index of leading economic indicators (LEI). According to Ataman Ozyildirim, the Conference Board’s Director of Business Cycles and Growth Research, “The upward trend in the US LEI seems to be gaining more momentum with another large increase in June pointing to continued strength in the economic outlook for the remainder of the year.” Unfortunately, investors today are more concerned that 1) positive U.S. news will encourage the Fed to raise rates sooner rather than later, putting the brakes on equity market gains in particular and 2) Chinese demand is falling faster than output,  contributing to global deflationary pressures and weaker global growth overall. Numbers out this week appear to confirm the slowdown in China’s manufacturing sector with Markit Economics reporting the Caixin flash China manufacturing PMI dropped to a 15-month low of 48.2 in July. At the same time the flash China manufacturing output index fell to a 16-month low of 47.3, also not necessarily good news for commodity prices or scrap demand. As previously reported, the dollar value of U.S. exports of all scrap commodities (including scrap metals, paper, plastic, etc.) to China through May were down 12% as compared to Jan-May 2014, representing a loss in export sales in excess of $350 million.
Ferrous
According to figures released from the World Steel Association this week, Chinese crude steel production during Jan-Jun 2015 declined 1.3% as compared to the first half of 2014 to around 410 million metric tons, contributing to the 2.0% decrease in world steel output so far this year. More worrying is that Chinese steel demand will contract faster than output, with officials from the China Iron and Steel Association quoted as saying earlier in the year that Chinese steel demand could decrease 6% in 2015, leaving more material available for export. Other important markets for ferrous scrap exporters have witnessed even sharper contractions in crude steel output this year including Turkey (-4.3%), Taiwan (-4.6%) and South Korea (-4.9%), while steel output in the U.S. was down 8.6% in the first half of 2015 according to the worldsteel figures. The slowdown in Asian steel production and ferrous scrap demand has reportedly taken a heavy toll on West Coast export prices, with The Steel Index reporting West coast shredded prices have plunged by around $60 per gross ton since June, although a recent uptick in Turkish buying activity helped to support East coast export tags, TSI reports. Looking into August, lackluster domestic steel production and uneven overseas scrap demand are expected to feature prominently with Scrap Trends Outlook’s August indicator signaling bearish at 45.7 and especially so for frag grades (30.0), cut grades (31.6) and foundry grades (32.1). SDI’s president and CEO Mark Millet would seem to agree with the bearish short-term scrap outlook and was quoted as saying inAMM this week that “we don’t see any significant drivers for a scrap price increase in the near future,” adding the difficult market conditions could lead to further consolidation.
Nonferrous
As with other commodities, China remains the focus of attention for nonferrous metals. One of our favorite analysts, Ed Meir of INTL FC Stone, was quoted this week as saying "certainly in the base metals space, the culprit behind the recent selloff has to be the fact that China's voracious appetite for metals seems to be moderating or even declining in many cases,” which is pretty much all you need to know. According to figures released from the International Copper Study Group earlier this week, Chinese apparent demand for refined copper during Jan-Apr 2015 declined 5% (-165,000 mt) year-on-year “…based on a 14% decrease in net imports of refined copper” and contributing to a 4% decrease in world apparent copper usage through April. Even with this year’s supply disruptions, the Study Group estimates world refined copper production exceeded demand by around 62,000 metric tons during Jan-Apr 2015, as compared to a 436,000 mt copper supply deficit during Jan-Apr 2014. Slowing Chinese growth and excess production are not limited to copper, of course, and the latest primary aluminum production figures from the International Aluminum Institute show that reported Chinese aluminum output increased from 13.2 million tons in the first half of 2014 to more than 15.6 million tons in the first half of 2015 (not including unreported Chinese production). As China keeps pumping out excess aluminum and as LME aluminum warehouse stocks have dropped from more than 4.9 million metrics tons this time last year to around 3.48 million tons currently, it’s not surprising that aluminum prices in particular have come under pressure lately. As of this morning, the LME official 3-mo. asking price for aluminum was down to $1,639/mt (or about 74 cents/lb.), a decrease of nearly 12% since the end of 2014. And whileFastmarkets reports that despite the summer lull, the US Midwest aluminum premium has stabilized around 8.25-8.75 cents as “premiums {are} underpinned by high freight costs,” AMM reports aluminum scrap prices are tracking primary prices lower, with secondary prices listed at 54-56 cents for old sheet, 55-57 cents for painted siding, 57-59 cents for MLC and 58-60 cents for old cast.
ISRI Eye on Equities
This Week's Quote

Old Appliance Recycling and Disposal, Refrigerators, Washers, Dryers, Wilson , NC, Cary, Durham, 27893

Wilson Metal Recycling

404 Maury Street S

Wilson, NC 27893
252-243-3586

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 404 Maury Street S, Wilson, NC, 27893 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 Wilson 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 Wilson 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 404 Maury Street S, Wilson, NC, 27893 and VOILA! Go around the left corner of the building.


 

Old Appliance Recycling, Refrigerators, Washers, Wilson Metal Recycling 252-243-3586

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!  Wilson Scrap Metal Recycling.  We have great scrap metal prices!  We are not just a Junk Yard or Salvage Yard, we are Wilson 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 252-243-3586 into your phone so we can talk recycling sometime!

Greg Brown
252-243-3586
gbrown@Wilsonncscrapmetalrecyclingjg.com
www.Wilsonscrapmetalrecycling.com