Aluminum Use on the Rise To convert vehicles to aluminum, Ford is estimated to spend $1 billion retooling its facilities in Dearborn, Michigan, and Kansas City, Missouri, said Vince Pavlak, a partner advisory at KPMG, who also spoke during the Wednesday session. Later this year, Ford is coming out with the all-aluminum Super Duty truck.1
Our General Manager Kelly and Marlayna are at the 2016 United Recyclers Group Conference in San Antonio, Texas. URG is a well known and established company. It was founded by three auto recyclers in 1995. Our mission is to lead the industry in providing superior products and services tailored to the operational needs of automotive
Analysis Shows Continued Decline Scrap metal prices have fallen by 50 percent in four years, forcing scrap yards to find ways to navigate a tough market. Demand from overseas markets like Turkey and China, which were big customers of scrap metal in boom times, has slowed. Industry watchers say 2015 was an exceptionally awful year
Scrap Metal Market Trends Scrap metal prices for crushed autobodies have slightly increased 8.57% over the past month (see March 2016 Scrap Metal Market Watch), but an overall 9.66% decline over the past year. Over the past month, the automotive industry has shown continued signs of devaluation. The Wall Street Journal reported the scrap metal
From: WSJ: In Scrap-Metal Market, Buyers Have to Tell Darth From Vader By: John W. Miller When Randy Goodman calls a customer in China, the 51-year-old scrap trader sometimes asks: Do you want Elmo, Shelmo or Zorba? The world’s $100 billion trade in junked cars, refrigerators and other metallic goods hinges on 100 or so short,
From: Scrap-metal sector is latest victim of commodities bust By: John W. Miller PITTSBURGH—Cars are piling up at junkyards across the U.S., as the commodities bust that has already bruised mining and metals companies from Ohio to Australia ripples through another sector: scrap. As prices for steel, iron ore and other commodities have dropped because of a demand
Scrap Metal Market Trends Scrap metal prices for crushed auto bodies have increased. We’ve seen an increase of 2.94% over the past month, a decline of 46.14% over the past year, and a decline of 62.69% over the past two years. This trend may be observed below: Chart | Scrap Metal Market Trends
From: Anglo’s CEO Predicts Deepening Metals Slump (WSJ) By: Scott Patterson & Alex MacDonald Anglo American PLC Chief Executive Mark Cutifani doesn’t think so, saying Monday that 2016 is set to be even more difficult for mining companies and commodity markets than 2015. To put that in perspective, copper and iron-ore prices fell 25% and
Scrap Metal Market Trends Scrap metal prices for crushed auto bodies have declined. We’ve seen a decrease of 2.86% over the past month, a decline of 46.14% over the past year, and a decline of 61.09% over the past two years. This trend may be observed below: Chart | Scrap Metal Market Trends
From: Saudi Arabia Hurries to Reinvent Itself for an Era of Low Oil By: Ben Holland Saudi Arabia, one of the most tradition-bound societies on the planet, where family structure and tribal patriarchy differ little from a century ago, is suddenly in a hurry. It has done more in the past week than in most years.