Today’s Scrap Metal Prices
in Raleigh, NC, Durham, NC
-Industrial and Public Welcome
-11 Digital Scales to get you in and out-FAST!
-Junk Cars-We TOW, or you Drive in, or Tow in
Raleigh, scrap metal in some areas is down a bit this week. We have to lower of “Appliances, Shreddable” prices due to the lower prices, of metals such as Aluminum that come out of this material. Copper prices are a bit lower than they have been in recent weeks. We are not sure when they will go back up yet.
We remain hearing things could be stable over the next months, but sorry we do not know, it could even be up! As we have said many times, for items like copper, you can actually go to websites like www.cmegroup.com and watch the price of copper change every few seconds during the week. There is word that copper could slowly go down next year. Steel as many know usually changes once a month, but there is even no certainty to that.
At Raleigh Metal Recycling here in North Carolina, NC, our goal remains to do our best to pay you the most for scrap metal every day. We also try to communicate the price to make it easy for you. When you call our phone number 919-828-5426 and press 2, you will hear a recording with “Today’s prices” where we buy and sell scrap metal at great prices per pound. This is for:
We continue to have a twin focus at Raleigh Recycling
2) Industrial/Demolition customers
This means if you are a large Commercial or Industrial company, you should call our Grant Kiser at 919-710-3805 to discuss prices. He can give you prices for scrap metal, Cardboard, Copper, Computers and more.
Or for just Appliances or Junk Metal removal, just call Kenny at 919-348-0545!
An important part of our company is that we have 11 digital, NC State certified scales that we use to service our Industrial and Commercial Customers. Almost double our closest competitor, meaning we get you in and out fast and with accuracy!
Importantly, we sell direct to Steel mills or divisions of steel mills, not to middle men who take a commission, so we pass that savings on to you!
JUNK CARS, Salvage Cars
1) WE TOW-JUNK CAR-JUNK CAR REMOVAL
-Get Cash on the spot
-Any condition, running or not running
-Keys or no keys, engine or no engine
-Call 919-348-0545 for JUNK CAR REMOVAL!
2) Drive it in, or you tow it in!
-Get Cash on the spot
-In and out fast!
Come to us at:
Raleigh Metal Recycling
2310 Garner Road
Raleigh, NC 27610
When in Raleigh, Durham, Apex, Cary, Clayton, Chapel Hill, Henderson, Oxford, Morrisville, Smithfield, Wake Forest, Burlington, Fayetteville, come see us at:
2310 Garner Rd.
Raleigh, NC 27610
When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530
Mixed Signals: The Fed minutes renewed expectations that the central bank could start cutting back easy monetary policy before next year. The stock market closed above 16,000 for the first time despite that CPI fell .1% and existing home sales dropped 3.2%, higher than the 2.6% forecast. Gold hit a 4 month low at $1240.20 and copper dipped back below $7000, down 12% for the year. Part of the drop in copper could be due to China importing copper ore with smelters running inventories of two months of concentrate versus previous levels of 3-4 weeks.
Corporate profits were higher overall in Q3 (of course they have been revised down quarter after quarter), but companies cut spending on performance enhancing investments by 16%. Financial forecasts for Q4 have been lowered by 90% of those providing forecasts.
In following up the Lost Decade, I happened to catch the WSJ interview with Larry Summers, former Treasury Secretary to the Clinton administration. In 1993, the optimists forecast Japans GDP growth at 4% over the next 23 years and the pessimist’s forecast 3% growth. Actual GDP growth for Japan was .6% for the next 23 years! Growth was slow and people and corporations just got used to it. We are facing a similar “permanent stagnation” with sub 2% GDP growth here in the states. The other problem is that 1 in 6 men between the age of 25 and 54 are on the sidelines in the labor market. Until we see systemic change in the US economy to stimulate job and GDP growth, we may be faced with our current economic situation for an extended period of time.