If you are a large Commercial, Industrial or Demolition company, you should call our Grant Kiser at 919-710-3805 to discuss prices or call me, Greg at 734-740-9514. We can give you prices for scrap metal, Cardboard, Copper, Electronics, Computers and more.
Or for just Appliances Disposal 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! We are not just a Junk Yard or a Salvage Yard, or even a Scrap Yard. We are a major Raleigh NC, Recycling Center.
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! We even ship our steel out mostly by rail car (not trucks) to save money in shipping, which we pass 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, Junk Car Towing!
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, Butner, Cary, Chapel Hill, Clayton, Dunn, Garner, Henderson, Knightdale, Lumberton, Oxford, Mebane, Morrisville, Roxboro, Sanford, Smithfield, Wake Forest, Burlington, Fayetteville, Fuquay-Varina, 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
2014 Markets: So the Fed decided to taper, US durable goods orders rose 3.5% in November, GDP estimates for Q4 are 2.6%, up from previous estimates, the Dow hits new highs while commodities fall initially (we will give copper its due rebound even though some fat fingered entries artificially drove it up last week). So what does the taper mean to us? Mortgage rates could likely rise as well as auto loan rates, driving up purchases short term before the new rates hit. Higher rates could also mean a stronger dollar, which traditionally has meant downward pressure on commodity prices.
So aluminum has remained in flux coming off a 4 year low earlier in the month to push higher near term. Next year’s pricing is a crap shoot: some 1.2 million metric tons of production cuts have been announced as of mid-November, yet the world has produced 1.8 million metric tons as of November during the first 11 months of 2013. Economic concerns over production costs are always a driver. However, with a current market price of $.80/lb, China’s highest cost aluminum producers make the metal at $1+ according to Morgan Stanley. For China, economic concerns have never been a primary driver.
Add to all this the “shadow inventory” for aluminum. Banks, hedge funds, and commodity merchants are hoarding millions of pounds of all types of primary metals (aluminum, copper, zinc and nickel) around the globe in a hidden system of warehouses according to a recent WSJ article. Several analysts claim that as of October, 10 million tons of aluminum was being housed in countries such as the Netherlands and Malaysia. Some are seeking such warehouse space since the LME bonded warehouse costs can be 10 times as expensive as the unregulated costs. Currently 5 companies operate 75% of all of the LME’s 778 licensed warehouses, all of which also own shadow facilities. On April 1, the new LME rules state that any warehouse with wait times that exceed 50 days, that warehouse must deliver out more metal than they take in. If that rule were applied today, it would flush out 3.5 million tons of metal, equal to 7% of global output. One recent report said the new rules could move metal to shadow warehouses, while many in the industry claim it will merely push LME prices and premiums lower.
With the stock market hitting new highs, metal prices rebounding in the past week, and the economy on the mend, we are poised for a good start for 2014. Of course we saw the same thing a year ago, where the commodity highs for the year were found in the first couple of the months and the rest of the year left everyone wanting and waiting. The question is, will 2014 be truly better, or will history repeat?