Good Afternoon Everyone,

There appears to be a positive trend in the steel scrap markets right now. This could be due to new sales from the east coast as well as dropping stocks that have created a lack of supply. Can we count on it to continue? That remains to be seen. I would be more confident if we were seeing strength in the non-ferrous markets as well. Considering the increased values for steel scrap now may likely be the best time in the last year to move some material. As always give Excel or myself a call and we’ll do our best to earn your business.

Wayne

Hello Everyone,

There seems to be a heating up of the markets happening right now. The steel markets either driven by increased demand or slightly greater need globally have gone up $10 and are poised to go a bit more. This is encouraging considering the time of year and the extended drought the markets have seen. The non-ferrous markets have come off of five year lows to gain back roughly 8 – 10% of the value of about a year ago. The reasoning for this or whether it can be sustained isn’t really clear. I believe we may see slow improvement through the summer with a plateau before and during the height of election season. as always Excel recycling is striving to better our position in the market as well as increase our abilities. never hesitate to reach out to me with questions or insights.

Wayne Edwards Buyer 774-264-0595

Good Day Everyone,

The stagnant markets for all scrap metal continue to stumble along. It doesn’t matter what level of employee, operator, management or owner you fulfill in this industry you can help but be bombarded by rumors. The rumor mill runs especially strong when things are great for this or any other industry. The latest and most consistent rumor is that ferrous scrap metal is poised to move down once again in the next several weeks. If you read the available news and talk to scrap metal insiders what you will take away is that prices – volumes and sales will definitely go up and down or remain the same.  I should apologize if anyone reads this to learn something but even the calmest most reasonable people get frustrated when there is no guidance that can be counted on. Stay tuned and try to make some sense of this next week.

Wayne

The latest bout of global warming that fell on the scrap yards in Westport, Charlton and Salem will soon be cleared away. We are ready to get the new year rolling. There have been small rebounds in the non-ferrous markets which may indicate less downward pressure. We should keep an eye on the middle east and hope for better relations throughout the region.

Base metals are in positive territory after a stabilization of China markets. There is hope that the .44 % positive move in the  Shanghai Composite Index in addition to commitments to prop up the yuan will stop the slide in scrap values. There are also reports that iron ore production is being slowed by environmental concerns along with increased price. The very low prices for iron ore have  contributed to the fall in scrap steel values as well. Although this could be considered baby steps they are at least steps in the right direction

The word on the street is for continued softening on top of the drop across the board earlier this week. There is no indications of improvement in the near future especially considering the current unrest in the middle east. China has announced a reduction in new steel manufacturing which on the surface is good but could also indicates further softening in prices. Please keep watching this for additional information.

Best Wishes,

 I hope the holiday break was a good one for you. There finally seems to be a light at the end of the tunnel. It may not be time for additional celebration but the outlook is a bit rosier.  If you have a hand in the decision making process regarding the sale of scrap metal within your company now might be the time to revisit the issue. 

Excel Recycling currently operates three yards which provide coverage to most of southern New England. Whether it’s heavy demolition scrap or high temp alloys from production runs we can provide a solution for handling as well as highest pricing in the industry.

Have a great day and a Happy New Year,

Wayne Edwards

Senior Buyer

Excel Recycling, LLC

The ownership and staff at Excel Recycling would like to wish everyone a Merry Christmas.

Hello Everyone,

The U.S. Steel Corp. has come to an agreement with United Steel Workers pending ratification. This deal announced along with the news that China is rolling back production of new steel in 2016 could point toward rebounding scrap steel markets. Ironing out labor concerns domestically would indicate a positive outlook short term for U.S steel producers who maybe anticipating increased demand both at home and worldwide. As we come into the new year Excel Recycling is looking at this news as pointing to what should be the bottom of the market and a feeling that better pricing is coming in 2016.

Wayne

Hello Everyone,

If you’ve been in the scrap metal business as a buyer or a seller for any length of time you’ve heard that the scrap values follow oil values on a worldwide basis. There is no crystal ball to gaze into but if you look at today’s global oil values which have fallen below $35 per barrel the near future doesn’t look bright. Oil hasn’t seen pricing like this since October of 2002. There is sentiment that we’ve found the bottom of the market and hopefully that’s the case. The non-ferrous side of the business is off as well but not 60 – 70% like steel scrap. As 2016 approaches I believe most if not all the news will be positive.