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
Scrap Metal Market Trends Scrap metal prices for crushed auto bodies continue to drop. We’ve seen a decline of 5.61% over the past month, 50.70% over the past year, and 57.05% over the past two years. Despite some leveling out in the steel market, this trend is expected to continue, as economic improvement measures are
Steel Supply Chain Decline “Have scrap steel prices finally found a floor?”1 The decline in steel prices is slowing as scrap markets look for signs of positive change. Late last month, the Commodity Trade Risk Management group published new prices for hot-rolled coil, which evened out at “$440/st, down from about $640/st last November”.2 CTRM
This past Sunday, more than 50 employees from Advanced Remarketing Services and Comsearch, along with their “four-legged children” participated as the CARS FOR A CURE team in the American Cancer Society’s 2015 BARK FOR LIFE in Warwick, Rhode Island. This was a new type of ACS Relay for Life event held to celebrate our pups
Throughout early 2015 there has been an explosion of steel imports into the U.S. This has been a trend that was driven in the aftermath of the recession by Asian producers such as China, Japan, and South Korea. In order to put this trend into perspective, according to the American Iron and Steel Institute: the
Having “St. Paddy’s” day in March is the perfect precursor to Earth day in April. We’re wearing green in one month and living green the next. In our office, there’s lots of green…on “St. Paddy’s” day and all year long. It’s an important standard for us to consciously incorporate green or eco-friendly practices into the
On a month to month basis ARS monitors the sales performance of vehicles on the lower end of the value spectrum. The values tracked here are pre-loss Average Cash Values (ACVs) less than $3,000. In the above graph, ARS illustrates the monthly performance of our average wholesale auction results by value. This month we saw
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
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
What a day to be a dog! Last week, the rescue dogs from Alexandra Morgan’s Animal School and Rescue got a real treat! More than 50 PUPCAKES were donated to the organization on behalf of ARS (parent company of Car Donation Wizard which benefits charities) and COMSEARCH employees. The PUPCAKES, a peanut butter and carrot