Scrap Pricing Decline

Columbus Scrap Cars is kicking off our new blog of news and information surrounding the topic of auto recycling of junk cars. As an auto buyer of junk cars that pays cash for junk cars throughout Franklin County, we maintain an eco-friendly approach. Our auto buyer is available to provide you a quote for the scrap value of your car, truck, van or SUV in Grandview Heights, Grove City and Groveport. To receive cash for junk cars in Bexley, Dublin or Gahanna, simply call (614) 715-5005 and our buyer of junk cars can provide you a price. Our topic here is the recent drop in the scrap prices in the US.

In the January 15, 2016 edition of wastedive.com, Arlene Karidis composed a story titled ‘Devalued scrap metal prices continue to reduce supply for recyclers’ with the following highlights: “Scrap metals such as steel, copper, aluminum and brass, have fallen 65% in value since late 2014, and many are hoping for a market turnaround. At Pacific Steel & Recycling and others they’ve seen a 50% to 55% reduction in what comes their way. Patrick Kons, Pacific’s VP of Operations, says they are down to (7) employees and have halted production at two other facilities.  Steve Moltzan, owns a Great Falls company that sells auto components and says auto bodies are at their lowest price point in over 30 years.

China’s flailing economy and drop in scrap import, a stronger U.S. dollar deterring export, and overproduction of new ore have all had an effect with this trend. US scrap metal exports dropped 4.7% in the 1st half of 2015 and recyclers and those who sell commodities are feeling the squeeze. Mr. Kons anticipates a turnaround, saying it took 14 months for prices to fall so far, and it may take much longer for them to come back. His recycling scrap yard is open & ready amid these global commodities with cyclical prices.” The article is available in its entirety at this link.

Our auto buyer will give you the opportunity to sell your car in Hilliard, New Albany and Pickerington. Proper auto recycling of junk cars is important to protect the environment. As an established buyer of junk cars in Reynoldsburg, Upper Arlington and Westerville, we can get the job done. When seeking cash for junk cars in Whitehall, Worthington or Brice, there is no reason to look further. Our auto recycling of junk cars system is quick and easy, regardless of whether the vehicle is located in Harrisburg, Lockbourne or Marble Cliff.