Goldsboro NC, Today’s Scrap Metal Prices per Pound, Copper, Aluminum, LaGrange, Mt. Olive

Today’s Scrap Metal Prices per Pound
in Goldsboro, NC, LaGrange, NC
North Carolina-1/20/13
 
 
Great Prices
-Outstanding Service
-Industrial and Public Welcome
-6 Digital Scales to get you in and out-FAST!
-Junk Cars-We TOW, or you Drive in, or Tow in
 
 
Scrap Metal Recycling prices in Goldsboro, NC Scrap remain steady this week.  We remain ready to support Companies and Demolition contractors.  If you from the public, it is Christmas.  Get Christmas cash, come see us.  Time to sell us your scrap metal. 
 
If you have a Junk Car around, time to sell that.  We raised prices, yet again a few weeks ago, so now copper and steel are up.  As said, the good news is we think steel prices could remain steady for a couple of months.  As discussed, due to soft demand from China, Turkey and the US is doing well, but not great.  Copper has moved up, and then down this week just as it did last two weeks, so we now are paying great prices. As said, it is not clear what will happen the rest of the year.  We are hearing things could go down a bit more over the next months, but sorry we do not know. It is even possible that prices could go up!  Yes, 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.  Steel as many know usually changes once a month, but there is even no certainty to that.  As we wrote, there have been some articles that copper could go down next year.
 
Goldsboro Metal Recycling has a goal to always 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 919-731-5600 and you will hear a recording with “Today’s prices”.  This is for:
 
-Steel
-Cast Iron
-Copper
-Yellow Brass
-Red Brass
-Aluminum
-Aluminum Cans
-Appliances
-Computers
-Electronics
-Junk Cars
-Salvage Cars
-Stainless Steel
-Batteries
-and more.

We continue to have a twin focus for our business,
1) Public
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.
An important part of our company is that we have 5 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 919-422-1519 for JUNK CAR REMOVAL!

2) Drive it in, or you tow it in!
-Get Cash on the spot
-Any condition
-In and out fast!
Come to us at:
 
Goldsboro Metal Recycling
801 N. John Street
Goldsboro, NC 27530

When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:
Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530

Tel: 919-731-5600

 
 
When in Wilson, NC, Tarboro, NC, Rocky Mount, NC come see us at:
 
Wilson Metal Recycling JG
404 Maury Street S
Wilson, NC 27893
 
Tel 252-243-3586
 
When in Raleigh, Durham, Apex, Clayton, Henderson, Oxford, Morrisville, Smithfield, Wake Forest, Burlington, Fayetteville, come see us at:
 
Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610

Tel 919-828-5426
www.raleighscrapmetalrecycling.com

Lastly, see below from one of our Vendors!
Greg Brown
gbrown@goldsboroscrapmetalrecycling.com
Tel 919-731-5600
 
 
 
 
 
Slow news week: China continues to try and crack down on shadow lending, this time proposing a nationwide real-estate registration system that would allow a property tax to be instituted as a way to control speculation.  Housing prices in 100 cities on average rose 11.5% In December from a year ago, while cities like Shanghai and Beijing rose 15.6% and 28.3% respectively.   Meanwhile the PBOC and CBRC have done little since neither banking authority has clearly defined authority over shadow lending.

 

While Chinese GDP growth may not be setting the world on fire, copper cathode has been making its way to China according to industry experts, as LME warehouse stocks have fallen 50% since June.  Since a 3 month low reached in November, copper prices have risen 7.1% on Comex, driven by hedge funds and other money managers.  Some portfolio managers believe Chinese manufacturing will keep expanding since “we’re seeing a bit of a manufacturing revival” according to one portfolio manager.   Even aluminum appears to be defying gravity as it closed the week higher even though he Euro closed lower at $1.3536 on Friday after news that the CPI slowed to .8% in December, way below the ECB target of 2%, stoking talk of deflation.

 

The Fed took its first step into looking at bank owned commodity businesses and will give them 2 months to provide input on how it should proceed before considering action.   Concern has been growing that banks are using metals warehouses, oil barges and power plants to influence the flow of commodities as well as prices.  Officials are struggling with exactly how broad and aggressive any new restrictions should be and what legal authority the central bank should have.

 

Bank earnings last week showed the 6 largest banks earned $76 billion in 2013, just $6 billion shy of the all-time high achieved in 2006. Retailers on the other hand only saw half the traffic they did just 3 years ago., despite deep discounts to lure shoppers.  JC Penny announced it would close 33 stores and eliminate 2000 positions and Macys announced it will close 5 locations and lay off 2500 people.   Such cuts are good, but not a long-term strategy for growth.   So why the stock market rally?  Think share buybacks.  Best Buy enacted a $5 billion share repurchase while CAT announced 2 separate $1 billion buybacks.  While Best Buy saw revenue decline 13% and CAT 17%, both saw a marginal drop in EPS for the year, and CAT stock, despite 3 earnings warnings, actually ended the year higher!  When investors wake up and smell the coffee, could a correction be far behind or will a recovery save the day and provide solid earnings growth?

 

 
 

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