Recycle your junk at Wilson Metal Recycling, 404 Maury St. S, Wilson, NC 27893

Wilson Metal Recycling

404 Maury St. S

Wilson, NC 27893

252-243-3586

 

PRODUCTS WE BUY FOR RECYCLING:

• Metal: all types of scrap metal, steel, iron and metal, scrap aluminum, aluminum cans, brass, appliances, scrap copper, scrap stainless steel, nickel and even X-ray film.
• Cardboard: For large Industrials we arrange for balers.
• Plastics: Most types we buy.
• Computers, electronics, e-waste-electronic recycling at its best.
• Batteries: Lead acid-auto batteries, fork lift batteries, truck batteries, Li-Ion, Ni MH, Ni-Cad.

 

Get cash for your junk at Wilson Metal Recycling.

 

 

Come see us at:

Wilson Metal Recycling

404 Maury St. S

Wilson, NC, 27893

 

Greg Brown

gbrown@wilsonncscrapmetalrecyclingjg.com

252-243-3586

___________________________________________________________

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

BENLEE Roll Off Trailers For Sale!

CLICK HERE www.benlee.com

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
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.

 

Due to our travel schedule this is a special Friday Commodities report July 17th, 2015 instead of our normal Monday report.  My name is Greg Brown, President and CEO of the companies.

 

There was little good news this week in commodities and recycling.

Steel Production

 U.S. steel production ticked up a bit in the last week, which follows with the slow continued increase in the U.S. economy.  As has been reported here, parts of the economy such as home sales and car sales are at 9 to 10 year highs.


Oil Rig Count

The oil rig count that had stabilized and was up for two weeks came down a bit last week.  This follows with oil prices coming down to new multi month lows and means less steel is being used in drilling.

Heavy Melt Price

As for scrap steel prices, as we all know they came down this month and some say they could come down again in August.  With the U.S. dollar strong, scrap metal continues to come in to the U.S. from other parts of the world.  It also means that major importers of scrap steel like China are buying more from Europe and less from the U.S.

Copper Prices

Copper prices which hit new 6+ year lows two weeks ago and then rose a bit, came steadily down last week.

Copper Stocks Level

In another bad sign, copper inventories have been rising for weeks and are near multi month highs.  Bloomberg reported last week that some think copper could drop another 13% this year.  There is no good news for copper.

Aluminum

Aluminum, which also hit new lows two weeks ago, stayed pretty flat at a level just above those new recent lows.

 

As for general news, the U.S. stock market hit new highs last week, and oil hit new multi month lows.  This could help spending and help create demand, which could mean that the bottom for commodities could be close.

 

Permits for new home building rose to the highest level in June since July 2007 and the home building sentiment index, hit a new 10 year high, both very positive signs for good things to come in the economy, but not for recycling, unless China and Europe start growing at a healthy rate.

 

Lastly for those members if ISRI-the scrap recycling organization that have joined the Circle of Safety, you should review joining it to share and improve your safety operational issues with others.

 

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.

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
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, July 6th, 2015.  My name is Greg Brown, President and CEO of the companies.

There was a lot of news last week, but only yesterday and this morning there was major news that led to changes in commodities and recycling.  The bad news yesterday and this morning is that the Greek debt issue is far from being resolved, especially with the Greek people turning down an offer from the EU yesterday.  It is not clear what effect this will have on the global economy, but things are not good.

 

Steel Production

On the positive side, steel production came down a bit last week, but overall it has been coming up slowly for months.  Schnitzer Steel released lower earnings last week despite slightly higher steel shipments.  Lower earnings in their recycling division as well as other all other divisions hurt the company.

Oil Rig Count

Importantly there was a lot of good news last week.  The oil rig count rose for the first time in 29 weeks.  Oil rigs use major amounts of steel.  June auto sales were the highest for any June in 10 years.  Pending home sales ending May hit a nine year high and the jobs report had unemployment hit 5.3% which was the lowest in over 9 years.  The downside is wage growth remains weak.  Together these are some of the reasons we are seeing a slow increase in steel production.

Heavy Melt Price

 As for Ferrous pricing, despite increases in steel production we are hearing that multiple steel companies have barges of scrap metal arriving this month from Europe could cause a dampening of scrap metal prices this month.  There were some lower priced ferrous sales last week and the rest will be traded in the next few days.  There is still a possibility of no decrease in some markets and even a small increase in that especially in the SE there remains a scrap metal shortage. 

Importantly, steel mills did not cancel orders in the SE last week, which would have happened if there was a major decrease in prices coming. They did not cancel orders due to steel mills needed scrap metal flowing into their operations, before and after the holiday weekend.

Copper Prices

Copper prices were steady last week for the third week in a row, yet in the past few hours prices dropped to an almost 6+ year low.  China’s economy which is a key for copper prices remains in flux with its stock market having fallen over 20% in recent weeks. Due to the major stock market drop, effective today, the Chinese government has authorized a massive buying of stocks by brokers to try and stabilize stock prices.

Aluminum

Aluminum is pretty much the same as copper in that it too has not seen any real change in recent weeks until today.

Overall there while there was some very positive news, mixed with very negative Greek news, prices and volumes in recycling remain very, very depressed.  There is word of more scrap metal operations closing in parts of the industry.  The SE part of the U.S. continues to see larger volume drop offs vs. other parts of the U.S., due to dramatically lower retail peddler traffic.  Only the strong and diversified will make it through this tough time as well as those that have partnered with stronger operations. 

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.

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
June 15, 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, June 22, 2015.  My name is Greg Brown, President and CEO of the companies.

There was little good news last week in commodities and recycling and in fact there was bad news.  As we mention continue to mention, the global economy continues to get better slowly, last week Greek debt had people worried and China is going nowhere fast. The only glimmer of good news was that this morning, the Greeks seem to have come up with some concessions that the other European counties view as positive and has helped stock markets around the world.



Steel Production

 

Steel production had a nice little uptick last week and is up for the past few months, but it is still well below last year. 

Oil Rig Count

 

The oil rig count has now declined for 28 weeks in a row and is now close to the rig count of 5 years ago.  This remains a significant drag on steel consumption.  With imports of steel finished goods continuing, there remains a drag on scrap metal production along with steel in oil rigs being down. 

Heavy Metal Price Composite

Even with the small ferrous price increase of a couple of weeks ago, scrap flows remain very, very weak, as do profits, especially with copper and aluminum near 6 years lows, which we will discuss in a minute.  With these low prices, scrap yards in the Southeast which have a higher percentage of retail business, vs industrial business, have been hit hard, as have been the shredders in the SE and last week, yet another shredder shut down.  This one owned by GREER Recycling.


Copper Pricing

Copper prices remain near their 6+ year lows and as we said last week, we see no reason why this will change anytime soon.



Aluminum Prices

Aluminum dropped a bit last week and is also at 6 year lows. 

Aluminum 6 Year Lows

 

We remain in the belief that aluminum prices are near their bottom due to aluminum inventories are also hitting new 6+ year lows. 



Aluminum Stock Levels

As said on the bad news, yet another shredder in the Carolinas shut down.  We were told GREER Recycling is working with its bank on selling its shredder.  The low scrap prices in the market have effected the SE more than the Midwest and NE in that the SE is much more dependent on Retail business, than industrial business.  As for other bad news Trailer sales and sales of Class 8 Trucks—tractor trailer units, were down in May for the first reduction year over year in a long time, which is hurting steel production.

On the positive side, sales of existing homes hit a 5 ½ high last month and car sales may have a record year in the history of the industry.  This should support some stabilization of commodity prices. 

Prices for Aluminum and copper were down last week in Raleigh, Goldsboro and Wilson.

 

Steel and Junk cars we up.  Please call us at 919-828-5426 in Raleigh, 919-731-5600 in Goldsboro and 252-243-3586 in Wilson for prices. 

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