Auto owners with junky vehicles in Dublin, Washington, and Pickerington, must consider who will buy junk cars. Those car holders retaining junk vehicles near Darbydale, Valleyview, and Upper Arlington, OH now get fast cash for wrecked cars. Anyone possessing junk cars in proximity to Brice, Flint, and Westerville, should act now to junk your car for cash. Hoarders of junky cars in Truro, Bexley, and Madison, OH, can sell it—even a totaled car.
Maura Keller in American Recycler wrote an article titled ‘Auto Recycling Market Volatile’ with the following updates: “The auto recycling industry has experienced one of the most difficult economic times in decades. Recycling companies are worried. Investors are cautious and scrap handlers are downright jittery. Industry vets say 2017 will likely be better, but business is still not appearing to be robust. According to Sean Kelly, a researcher at the Center for Recovery & Recycling at Worcester Polytechnic in Massachusetts, the industry is certainly hurting and this has a lot to do with the foreign tariff war regarding specific commodities, among other things, such as dumping (selling below their costs).
The U.S. Dept. of Commerce (DOC) recently imposed duties on imports of cold-rolled steel, used to make auto components, appliances & shipping containers. China is targeted because of their dumping that has hurt the U.S. steel industry & lowered steel prices around the worldwide. The tariffs against China have hindered the U.S. auto recycling industry tremendously. China had been overproducing & flooding the market & steel prices were far down. Scrap vehicle bodies were worth $60 to $70/GT, making it near impossible to earn any money.
China has begun imposing anti-dumping tariffs on various steel imports from the EU, Japan & South Korea, all of which has a domino effect on the American recycling industry. As the struggle goes on, more companies are working hard to ensure all metal bearing products end up being refined & recycled back into the economy. The Aluminum Association’s Transportation Group (ATG) just released a study on auto aluminum suggesting recycling rate for end-of-life vehicles to be in excess of 90%. The purpose was to obtain a more quantitative grasp of the fate of auto aluminum at the end of its useful life.
GLR has now 11 locations & joint ventures in MI & NY, employing approximately one-hundred and fifty people, recycling over 100M pounds of metal, paper & plastic. What GLR has done is new in the market. They’ve begun their own tech/lead generation program, www.TheScrapPost.com, which links recyclers & scrappers worldwide. This comes at a time that the market’s downfall is struggling for auto recyclers. GLR’s competitors use this website & revenues are likely to hit $5M. One key aspect of auto recycling that is gaining more focus with the overall downturn in the market is plastic recycling from autos. The generated plastics from shredders are transferred to the landfill or used as landfill coverage. Some plastics may be incinerated to reclaim the energy. Tires are often reused if adequate tread exists but typically either incinerated, shredded or reused for very different applications, like rubber for courts, turf field pellets or asphalt applications.” The article in its entirety is available here.
We Buy Junk Cars in Franklin County
Lousy vehicle owners retaining cars in Gahanna, Franklin, Grandview Heights, should call 614-715-5005 for cash for wrecked cars. People with junky cars lying around in regions such as Blendon, Blacklick, and Grove City, OH, can quickly junk your car for cash. Unwanted car, truck or van holders near the Columbus suburbs of Jefferson, Hilliard, and Obetz, OH can sell a totaled car for scrap. We are a recycler with a commitment to “green” practices, our auto recycling in New Albany, Galloway, and Hamilton, OH uses 60% less energy.