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.
While the world reacts to China’s economic slowdown, the tone among the country’s top government officials remains calm. That’s because the growth rate (previously 10%, predicted to drop to 6.3% in 2016) has been intentionally slowed since 2012. A report published that year by the International Monetary Fund suggested that while China’s capital-to-output ratio was
This week we’re featuring a fun donation to U.S. Fund for UNICEF, a sharp Mercedes-Benz 560SL. These slick convertibles with the detachable hard tops were produced from 1971 through 1989. They are the second longest single series ever produced by the Mercedes after the G-Class. View post on imgur.com The Mercedes-Benz 560 SL is really the
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
The (radical) truth is, attacking waste is the engine that will pull the whole train. If you’re looking for a quick, profitable ascent up Mount Sustainability, going after waste is the natural place to begin.
2015 Metals Around The World: Consumer Vehicle Edition
Scrap metal market watch graph from January 2011 to October 2014. Over last month, scrap metal prices for crushed auto bodies declined 2%. Over last year, scrap metal prices for crushed auto bodies declined 16%. Over two years ago, scrap metal prices for crushed auto bodies decreased 4%.