From: Oil Prices Impact Metal Recyclers By: Mike Breslin It’s about time U.S. businesses and consumers are getting a price break on something… oil and its cornucopia of derivatives. Most visible are gasoline pump prices falling in many areas in the $2 per gallon range (as of this writing). It’s all because worldwide crude oil
“Too many other buyers. I can tell other buyers were here yesterday,” Johnson Zeng told Bloomberg. “There wasn’t as much scrap as usual.” For Zeng and other Chinese scrap metal buyers who purchase millions of pounds of metal in the U.S., it’s a seller’s market; with increasing competition among buyers, scrap yards can afford to
As we all know by now, the scrap metal market has taken a pounding with a strengthening U.S. dollar and slower than expected economic growth internationally, and this is projected to be the case for throughout 2015. However, on the near horizon there is potential bottom-line relief for some firms as new technologies are being
The scrap metal market has taken a pounding with a strengthening U.S. dollar and slower than expected economic growth internationally, especially with regards to Crushed Auto Bodies. To highlight this, the average price of Crushed Autobodies across the U.S. averaged $178.73 per gross ton as we finished the first quarter of 2015. This is a
Despite the poor outlook for scrap metal pricing and declining profit margins for scrap yards as we progress into the year; some within the industry are trying to shift priorities to shift this into an opportunity for their businesses. Some scrap yards are seeing this as an opportunity to gain a competitive advantage by focusing
Updated through first quarter 2015 Scrap metal market watch graph from first quarter 2011 to first quarter 2015. Over last quarter, scrap metal prices for crushed auto bodies declined 21.15%. Over Q1 2014, scrap metal prices for crushed auto bodies declined 34.96%. Over Q1 2013, scrap metal prices for crushed auto bodies declined 42.81%. Over
Scrap metal market watch graph from January 2012 to March 2015. Over last month, scrap metal prices for crushed auto bodies declined 31.39%. Over last year, scrap metal prices for crushed auto bodies declined 47.82%. Over two years ago, scrap metal prices for crushed auto bodies declined 53.83%.
On a month to month basis ARS monitors the sales performance of vehicles on the lower end of the value spectrum. The values tracked here are pre-loss Average Cash Values (ACVs) less than $3,000. In the above graph, ARS illustrates the monthly performance of our average wholesale auction results by value. This month we saw
Scrap metal market watch graph from January 2012 to February 2015. Over last month, scrap metal prices for crushed auto bodies declined 3.27%. Over last year, scrap metal prices for crushed auto bodies declined 27.65%. Over two years ago, scrap metal prices for crushed auto bodies declined 36.76%.
Scrap metal market watch graph from January 2012 to January 2015. Over last month, scrap metal prices for crushed auto bodies declined 1.81%. Over last year, scrap metal prices for crushed auto bodies declined 29.94%. Over two years ago, scrap metal prices for crushed auto bodies declined 38.76%.