Scrap Metal’s Domestic Economic Impact

The Institute of Scrap Recycling Industries recently completed an exhaustive economic impact report. The report shows that overall, when measuring the direct impact, and indirect impact of the scrap recycling industry: the industry generates over $105 billion annually in the U.S. and helps support more than 471,000 jobs nationwide currently. Among this, the export of

WSJ: U.S. Is Awash in Glut of Scrap Materials

From: U.S. Is Awash in Glut of Scrap Materials (WSJ) By James R. Hagerty American companies have complained for the past year that the headwinds of a strong dollar and a slowing Chinese economy are hurting their earnings. For sellers of scrap metal, used cardboard boxes, and other waste, those headwinds are more like a hurricane.

Scrap Metal Prices – Market Watch

Latest scrap metal prices news. Scrap metal prices – above is our market watch graph from January 2012 to April 2015. Over last month, scrap metal prices for crushed auto bodies increased 2.89%. Over last year, scrap metal prices for crushed auto bodies declined 46.99%. Over two years ago, scrap metal prices for crushed auto

Groundhog Day for China’s Scrap Metal Buyers

“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

U.S. Non-Ferrous Scrap Metal Price Outlook for 2012, 2013

by Taras Berezowsky on June 14, 2012 Most all steel market watchers, buyers, sellers and traders have seen and heard about the US ferrous scrap price free-falls over the past week or two — price falls of between $60 and $70 per long ton, depending on the particular scrap metal product, according to Platts. So

Wreckonomics: Q1 2021 Pandemic Edition

[avatar user="jhearn" size="thumbnail" align="left" /] updated May 3, 2021 As the world economy continues to adjust to the economic forces brought on by the Global Pandemic, vaccine availability is bringing a wave of optimism.  The first quarter of 2021 saw a surprising bounce back for the U.S. Economy and Americans are hopeful this momentum can

Turning a Negative into a Positive

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 Emerging International Opportunity from Crushed Autobodies

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

Wreckonomics© 2023 Year in Review

As we steam through 2024 at breakneck speed we wanted to close the book on 2023 with one final look back at the topsy turvy markets of last year.  Wreckonomics© is our set of insights into the sustained and specific appetite for low value and end of life vehicles and we saw a ton of

Environmental Impact of Auto Recycling

Facts About Auto Recycling [avatar user="zlasky" size="thumbnail" align="left" /] Did you know that according to statistics on auto recycling the car you drive is actually the most recycled item in the United States?  Every year over 12 million cars reach the end of their roads and enter the car recycling stream.  With Earth Day coming