Cars and trucks are often the topic of conversation when it comes to world pollution. However, the automotive recycling industry is one of the most efficient programs running. Consequently, in the U.S. and Canada alone there are over 11 million vehicles recycled every year.¹ The automotive recycling industry is continuously developing creative ways to reuse
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
As leaves continue to fall and temperatures drop the used car industry wholesale prices follows suit. According to the NADA Used Car Guide’s October Update, in the month of September the price of used vehicles up to eight years in age fell 3.6%. This decline would mark the largest yet in 2016 for the used
In October 2016 scrap metal prices for crushed autobodies saw a decline of 22.4%. See September 2016 Scrap Metal Market Watch, and a 18.73% growth over the past year.
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
Scrap metal prices for crushed autobodies saw a 2.45% decrease over the past month (see August 2016 Scrap Metal Market Watch) and have grown 47.82% over the past year. However, this still represents the 35% decrease since January of 2014.
Moderate Growth Scrap metal prices for crushed autobodies saw moderate growth, 4.8% over the past month (see July 2016 Scrap Metal Market Watch), and have grown 51.53% over the past year.
Schnitzer Steel Industries, Inc. reported positive financial gains this week, with $0.41 earnings per share, compared to losses in the second quarter of 2016. Ferrous sales volumes also increased 13% in the third quarter of 2015. Total domestic volume remains low, as scrap products are exported to international buyers (including India, Turkey, and South Korea).
End of Life Vehicle (ELV) sales make up a $20 billion industry for automotive dismantlers and recyclers who handle scrap steel, aluminum, copper, plastic, and glass. Traditional transactions for these vehicles are impacted by online sales and auctions, in which international buyers leverage attractive offers – their domestic counterparts cannot always compete. Exporting Policies “They
Scrap Metal Market Holds Steady Scrap metal prices for crushed autobodies held steady with 2.17% growth over the past month (see June 2016 Scrap Metal Market Watch), and have grown 31.62% over the past year. Across the Atlantic, the Brexit vote sent a shockwave through the base metal market, temporarily causing prices to plummet. However,