China’s Steel Exports Fall in November
The latest news out of the steel industry is that China’s steel exports drop for the 4th straight month. In November, Chinese exports of steel dropped 16% compared to a year ago to 8.12 million tons.¹ According to Bloomberg, there is little chance that exports catch last years 12 month record. If this plays out
Scrap Metal Market: December 2016
The metal market was able to stop the skid for the time being as scrap prices for crushed auto bodies increased nationally 4.1% since last month. The average price per gross ton is now up to about $136. The end of the year increase is encouraging after three straight months of steady decline. An article
Scrap Metal Market: November 2016
Scrap metal prices continue to dip. Scrap metal prices for crushed auto bodies declined 7.9% nationally since last month. Compared to this time last year scrap prices have increased 13.7%. The average price per gross ton is now roughly $131. See Scrap Metal Market: October 2016 to compare trends for crushed auto bodies. In the month
Wavering Market Leads to Blurry Future for Automotive Recyclers
A new article entitled “Automotive recycling market volatile” (linked to here) from the American Recycler highlights the worrisome trend and cautious approach that companies and investors are taking with the automotive recycling market. Currently experiencing one of the worst economic periods in decades, industry experts believe 2017 will be better though still unlikely to be
Steel Tariffs a Double-Edged Sword?
A double-edged metal sword As domestic prices rise from a tariff on Chinese steel, some worry the lack of cheap metal will weaken the ability for U.S. manufacturers to compete in the global marketplace. Now the greatest fear we have is that China keeps the cheap steel for itself and makes products that undercut other
Scrap Metal Market: June 2016
Scrap Metal Market Trends Scrap metal prices for crushed autobodies continue to increase 22.52% over the past month (see May 2016 Scrap Metal Market Watch), and have grown 19.51% over the past year. In May, government incentives for steel manufacturers in China were met with a strong response by the U.S. Commerce Department, which imposed
2016 Metals Around The World
2016 Metals Around The World: Consumer Vehicle Edition
Virginia Car Buyers: A Friendly Hello
This month, Advanced Remarketing Services will enhance our online marketplace and low fee services with a large volume of newly repossessed vehicles in Virginia. Many are drivable and have original titles! No matter your interest, these vehicles will fit every market appetite. We offer salvage, charity, and consumer vehicles. We have large, consistent volume of
Scrap Metal Market: April 2016
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