June 2 2013 – A new, state-of-the-art metal shredder and full downstream will be up and running at the new Ben Weitsman scrap yard in New Castle, Pa., in the first quarter of 2014, company president Adam Weitsman announced. “We’ve spent years building our metals recycling network in western and central New York and northern Pennsylvania into a highly efficient system,” Weitsman, President of Upstate Shredding-Ben Weitsman, said. “We have ambitious goals for our New Castle yard, and this shredder is the first step in putting that plan of expansion into motion.” The company expects to spend several million dollars in the region over the next several years to create and develop a new recycling network of yards in Pennsylvania, Ohio and surrounding states. “It took us years to build up our feeder yard system around our Owego shredder and this new shredding location will be the launching pad of the next phase of our expansion,” Weitsman said. “We’ve examined the markets surrounding the New Castle facility, and we plan to make several new acquisitions of scrap yards in the region to develop the network of yards to feed the New Castle shredder.” While smaller than the company’s flagship shredder in [...]
New Castle shredder integral in plan for western expansion for Ben Weitsman Scrap Yard
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Metal Prices USA – Mostly Lower in June 2013
June 12 2013 – scrap metals have mostly gone down this month so far. Here are some latest scrap metal prices across the country: Mazza Scrap Metal – Neptune NJ Prices per pound: #1 Copper $2.75 #2 Copper $2.60 Light Copper $2.00 ACR Clean $1.10 ACR Dirty $0.90 ACR Ends $0.20 Brass $1.70 Dirty Brass $0.75 Faucets $0.65 Brass Car Rads $0.75 YIEH reports that Japan’s H2 scrap average prices remained flat - average prices of Japanese H2 scrap in Kanto, Central and Kansai region were at ￥30,978/ton in the first week of June, remaining flat from a week ago. Average price of H2 scrap in Kanto region was at ￥32,250/ton; that in Central region was at 28,120/ton and that in Kansai regions was at ￥33,563/ton, all keeping unchanged from a week ago. Fair Salvage Company - Clare Division 2731 E. Grass Lake Rd, Clare, MI 48617 reports Aluminum radiators, stainless, clean wheels, unc extruded, batteries and steel case batteries are down while die cast is up. Some of their current scrap metal prices: COPPER Per Pound: NO. 1 $2.80 NO. 2 $2.65 NO. 3 $2.50 INS. #1 $1.85 HOUSE WIRE $1.55 INS. #2 $1.00 INS. #3 $0.65 Christmas Lights $0.35 [...]
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Scrap Recycling Prices Update – Steel Scrap Down $10 per ton
June 17 2013 Here is a roundup of scrap metal prices across the country: Iron Mike Enterprises Ni Solids (clean) $5.00 lb 304 (18-8) $0.42 lb 316 (16-10) $0.55 lb Carbide Insert $8.00 lb Bare Bright Copper $2.70 lb. #1 Copper $2.67 lb. #2 Copper $2.55 lb. MRC Scrap Metals in Butler PA SHEET IRON $10.00 #1 STEEL $12.00 P & S $13.00 WHOLE CARS $10.50 SHREDDER CARS $10.00 Mazza Scrap Metals, Neptune NJ Al Clean $0.50 Al Dirty $0.30 Al Irony $0.12 Al Cans $0.51 Al Shavings $0.15 Strippable Copper Wire $1.50 Copper Insulated Wire $0.75 Al Insulated Wire $0.20 Steel BX Cable $0.14 Yieh reports the following news: Average prices of H1 scraps in Pittsburgh were at US$329.5/long ton, remaining flat; those in Chicago were at US$334.5/long ton, falling by US$10/long ton and those in Philadelphia was at US$313.5/long ton, decreasing by US$10/long ton, all compared to the prices in a week ago. Due to the conditions in the market, prices are subject to change without announcement. If you have questions regarding current prices, please contact recycling yards directly.
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New Coal Price Indices Launch and LME Debating Warehouse Policy Changes
July 1 2013 Two new press releases this week: The Steel Index (TSI) is pleased to announce the launch today of two metallurgical coal price indices. Metallurgical coal is a key raw material input used along with iron ore in the production of steel around the world. The launch responds to increasing customer requests for TSI to expand its steel raw material coverage, following the success of its iron ore and scrap reference prices which are widely used by industrial companies in index-linked pricing arrangements and as the settlement basis for financial price risk management tools. “This launch is a key milestone for TSI. It enables us to provide the complete suite of prices for key raw material inputs used in the production of steel,” notes Tim Hard, TSI’s Director in Singapore. “The metallurgical coal supply chain is following in the footsteps of iron ore and currently evaluating the adoption of index-linked pricing arrangements. Miners, traders and buyers have been increasingly vocal in asking TSI to develop indices utilizing our respected, robust methodology. These indices are also likely to help unlock further appetite for steel price risk management tools, as their utilization grows in tandem with iron ore and scrap. [...]
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Upstate Shredding – Ben Weitsman continues aggressive expansion with addition in Western NY
Weitsman acquires Valley Recycling July 8, 2013 – A strategic yard in Western New York has been purchased by Upstate Shredding-Ben Weitsman, company owner Adam Weitsman announced today. In an all-cash transaction, the Owego, N.Y., based company purchased Valley Recycling, owner of the 28 year old scrap yard in Allegany, N.Y. “This facility has historically had lower sales volumes and higher margins; we’re going to change that,” Weitsman said. “We’re going to raise prices paid out to customers, fully renovate the facility, add staff, and operate 7 days a week to make this yard the very best it can be for both our customers and the community.” The yard will be known as Ben Weitsman of Allegany; the transition will occur in approximately 30 days. The yard will benefit from longer hours, 7-day-a-week operation, a complete overhaul of the property and increased manpower. Retail customers will also benefit from Ben Weitsman’s top-of-the-market prices paid for ferrous and non-ferrous scrap. In keeping with company practice, the acquisition was completed without incurring debt to Upstate Shredding – Ben Weitsman. Tim Nolan, Vice President of Valley Recycling, who will be in charge of this operation, said it was the all cash offer and [...]
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Metal Price Update – Japan Scrap Slides and EU Market Outlook
July 21 2013 - From the world of scrap metal news - US H1 scrap average prices remain flat - Yieh reports that the average prices of the US’s H1 scrap in Pittsburgh, Chicago and Philadelphia were at US$340.83/long ton on July 15th, 2013, remaining flat from a week ago. Among them, the average prices of H1 scraps in Pittsburgh were at US$349.5/long ton; those in Chicago were at US$354.5/long ton, and those in Philadelphia were at US$318.5/long ton, all keeping unchanged from the previous week. In other news - Japan’s H2 scrap average prices slide. Yieh reports that the average prices of Japanese H2 scrap in Kanto, Central and Kansai region were at ￥29,676/ton in the third week of July, falling by ￥178/ton from a week ago. Among them, the average price of H2 scrap in Kanto region was at ￥30,783/ton, decreasing by ￥34/ton; that in Central region was at 27,620/ton, remaining flat and that in Kansai regions was at ￥30,624/ton, falling by ￥500/ton, all compared to the prices in the previous week. From EUROFER – The base case scenario of a stabilisation of the EU economy in the second half of 2013 and a gradual but slow recovery in [...]
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LME and Cesco team up for Latin America Roadshow
August 5 2013 – The London Metal Exchange (LME) will visit Mexico, Colombia, Chile, Peru and Brazil from 3-13 September to host a series of seminars in partnership with Cesco (Center for Copper and Mining Studies). LME Chief Executive, Martin Abbott will be joined by industry experts to deliver day-long seminars on key issues facing the Latin American metals and mining industries. “The LME has always had a strong relationship with the metals industries in Latin America and we are really pleased to have received support and interest from the metals markets from each region,” said Catherine Markey, Head of Marketing and Education at the LME. “Continued uncertainty in metals prices highlights the need for price risk management, which will be the focus of our workshops.” “This is a good moment to analyse the tendencies of commodities’ markets considering the uncertainty that has been introduced during the last months”, said Juan Carlos Guajardo, Executive Director of Cesco. “The chance to do this alongside the London Metal Exchange is, without a doubt, a great opportunity and Cesco is very pleased to contribute to this Roadshow”. The LME is also collaborating with local companies and institutions including Camimex, the Mexican Mining Chamber; [...]
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Steel Market Weakness and 2013 Resource Recycling Conference
Several important press releases and news announcements for this week of August 5 2013 - WEAK DEMAND GROWTH UNSETTLES PRICE SENTIMENT IN EMERGING STEEL MARKETS Challenging business conditions persist in the Russian Federation. Domestic steelmakers have begun to lobby the government for stricter anti-dumping measures to combat the threat from rising import tonnage. Stockists remain cautious over the strength of underlying consumption in August, citing the subdued construction season. The recovery in shipments to tube fabricators, OEMs and mechanical engineering companies has also been weaker than expected. Uncertainty continues to unsettle business confidence in India. Underlying demand remains weak, and shows no signs of picking up in the near-future. The monsoon rains have been heavier than expected. Downstream demand in Ukraine is expected to remain sluggish in the August-September period. Market sentiment has been eroded by weak underlying demand growth and deteriorating economic fundamentals. Stockists are booking for only immediate requirements due to continuing price fluctuations. Support from external demand remains limited. Turkish steelmakers have had mixed success in their efforts to advance higher transaction values to distributors. Domestic buyers contend that the current price initiative is ill-timed, counterproductive and will only escalate import tonnages. Demand for construction steel in [...]
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Demolition Summit 2013 and Scrap Pricing News Update
August 8 2013 – We start this post off with the announcement of the 2013 World Demolition Summit, the fifth time this annual event will be held. The venue for this years event will be the NH Grand Hotel Krasnapolsky in the heart of the city centre. Once again, the Summit will be composed of two main events, the 2013 World Demolition Conference and the 2013 World Demolition Awards. The Conference will build on the success of the four previous years’ gatherings with a top level programme that will consist of a mix of reports detailing how some of the most challenging demolition projects from around the world were successfully carried out, along with papers covering more general topics of specific interest to the world’s demolition industry. The 2013 World Demolition Awards will once again celebrate the best that the demolition industry has offered its clients in the construction sector over the period from June 2012 to June 2013. To see the detailed categories that make up this prestigious event and details of how to make an entry, see under the Awards heading. The Awards are open to any demolition contractor from any country in the world and there is no [...]
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Export and Retail Scrap Metal Recycling Facility now open at Port of Albany
Capital Region receives brand new fully paved scrap recycling operation August 9, 2013 – The opening of Ben Weitsman of Albany, a new, state-of-the-art scrap recycling and export shipping facility at the Port of Albany, represents a crowning achievement for the Upstate Shredding – Ben Weitsman family of companies. “We have hand selected the best employees from thousands of applicants around the country to ensure that we have the most knowledgeable team in the industry in Albany, but more importantly ones that are focused on exceptional customer service and doing what it takes to make sure the customer is happy with every visit,” said Adam Weitsman, owner and president of Upstate Shredding-Ben Weitsman. “After 13 years of hard work and dedication by our entire organization, opening at the Port of Albany makes this dream come true and sets our company firmly on the path to reaching our goal of $1 billion in annual sales.” The facility’s completion is being marked with a grand opening on Saturday Aug. 10th, from 7 a.m. – 3 p.m. In addition to being a world-class export facility, the Albany location also serves as a retail scrap yard and metal recycling center paying the highest prices [...]
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Reamer Recycling Inc Acquired by Upstate Shredding
August 15, 2013 – An aggressive move was confirmed today when Upstate Shredding announced the acquisition of the assets of Reamer Recycling, previously known as Wallace Industries, a scrap leader in Ithaca, NY. “Reamer Recycling is the Finger Lakes largest scrap yard and we are thrilled to have them as a part of our network.” said Adam Weitsman, president of Upstate Shredding and Ben Weitsman. “We will be fully paving the facility, redoing the buildings, and bringing in brand new equipment. We will also be landscaping the property and installing brand new fencing as we make this location much more aesthetically appealing for the neighbors and the community. All work done will bring this facility up to the highest level of environmental compliance possible. We want to bring this location back to its prominence as a scrap recycling leader, a recognition it once so proudly held in the area.” The all-cash transaction will close in 30 days. Bill Reamer, former owner of the company, will stay on to assist the incoming management team during the short transition period. He has owned Reamer Recycling Inc. located at 105 Cherry Street for 12 years; recycling operations have been in existence at the [...]
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Metal Recycling Price Updates – Prices of H1 Remain Flat
August 16 2013 Here is the scrap metal price and news roundup for August 16 2013 Mazza Scrap Metal Recycling in Neptune and Tinton Falls NJ reports: Prices per lb for metals delivered to our yard are: #1 Copper $2.60 | #2 Copper $2.45 | Light Copper $1.75 | Stainless Clean $0.23 | Strippable Copper Wire $1.30 | Copper Insulated Wire $0.70 | Al Insulated Wire $0.20 YIEH reports the following news: This week, the quotes of the US HMS 80:20 (1&2) to Taiwan have surged to US$355~US$358/ton CFR. Traders said that the actual selling prices of the US HMS 80:20 (1&2) to Taiwan have increased to US$354/ton CFR. Besides, the certain Taiwanese steel mills expected to purchase more with prices of US$354/ton Also US H1 scrap prices keep flat for consecutive five months – It’s reported that the average prices of the US’s H1 scrap in Pittsburgh, Chicago and Philadelphia were at US$340.83/long ton on August 12nd, 2013, remaining flat from a week ago. Iron Mike Scrap Metal reports the following Ferrous Scrap Metal Prices (subject to change, check website or call) Scrap #1 Busheling $330.00 gt Scrap #1 Baling $285.00 gt Scrap Plate and Struct 2′x 5′ $290.00 [...]
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Scrap Copper Prices – Bare Bright Around $2.70 a Pound
August 19 2013 – here is your latest update for scrap copper and non ferrous prices from around the world. Pricing is always subject to change so please confirm with the sources referenced. Prices shown are delivered prices to the scrap yard. Bare bright copper prices are varied but range from $2.60 to $2.70+ a pound. From Iron Mike Enterprises in the Troy, MI USA region, Scrap Bare Bright Copper $2.70 lb. Scrap #1 Copper $2.73 lb. Scrap #2 Copper $2.59 lb. Scrap insul Hvy #1 copper Wire 85% Recovery $2.10 lb. Scrap EDM Wire $1.81 lb. Scrap Brass (yellow) $1.70 lb. Scrap Alum-CU Rads(clean) $1.28 lb Mazza Scrap Metal, LLC in Neptune NJ reports these copper scrap prices (in USD per lb) #1 Copper $2.60 #2 Copper $2.45 Light Copper $1.75 Strippable Copper Wire $1.30 Copper Insulated Wire $0.70 Al Insulated Wire $0.20 Sullivan Metals in MA, USA reports Bare Copper Wire 2.60/LB Electric Motors .25/LB Leaded Roofing Copper Sheets 1.80/LB Plumbing Copper (No Brass Attached) 2.35-2.50/LB Roofing Copper Sheets 2.25/LB Always remember to use a magnet to check your scrap metals and to sort and keep debris out of your recyclables to get the most money for your metal.
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Scrap Steel Prices – NJ averages 11 dollars per 100 lbs
August 20 2013 – here are the latest scrap steel prices across the globe. Mazza Scrap Metal in New Jersey reports these steel scrap prices per 100 lbs: Light Iron $8.25 per 100 lbs Heavy Iron $11.00 per 100 lbs Complete Cars w/ Cat $8.25 per 100 lbs From Iron Mike Enterprises in the Troy, MI USA region, Ferrous Scrap Metal prices in USD per GT Scrap #1 Busheling $330.00 gt Scrap #1 Baling $285.00 gt Scrap Plate and Struct 2′x 5′ $290.00 gt Scrap Heavy Melt 2′x 5′ $250.00 gt Scrap Heavy Melt scrap (unprep) $240.00 gt Scrap automobiles (must have title) $170.00 gt Scrap Sheet Iron $190.00 gt Scrap #1 Shredder Frag $235.00 gt Scrap Engine Block (clean) $300.00 gt Scrap Punchings $340.00 gt Scrap Turnings $140.00 gt Scrap Random length rail (W/docs) $270.00 gt Yieh Reports that Japan’s Tokyo Steel announced to raise its scrap purchasing prices by ￥1,500/ton at its Tahara works and increase the prices by ￥1,000/ton at other four works from August 20th. After the adjustment, the H2 scrap purchasing prices are at ￥31,000~￥33,000/ton. Among them, the H2 scrap purchasing prices in Okayama works are at ￥32,000/ton; those in Kyushu works are at ￥32,000/ton; [...]
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Latest Recycling Price Lists Show Clean Brass $1.60 per pound
August 25 2013 Latest news from the recycling and scrap metal markets show brass scrap at $1.60 a pound Express Scrap Metals in Lavergne Tennessee reports Metal Prices/Rates per lb unless otherwise noted: Prices Effective 08/14/13-Prices are subject to change without notice. Clean Copper / Aluminum Coils $1.40 #1 Copper $2.98 #2 Copper $2.80 Electric Motors $0.15 #1 Insulated Wire – 70% Recovery $1.70 #2 Insulated Wire – 50% Recovery $0.94 Clean Brass $1.60 Aluminum Wheels $0.60 Clean Sheet Aluminum $0.47 Junk Cars $11.00 Per 100 lbs Scrap Iron Shreddables $10.50 Per 100 lbs Heavy Iron $9.00 Per 100 lbs Aluminum Cans $0.46 #1 Stainless Steel $0.40 Zore’s Recycling in Indianapolis, IN reports #2 HEAVY MELT $250.00/ton P&S PREPARED $260.00/ton GAS ENGINES $295.00/ton WHOLE CARS $185.00/ton SHEET METAL $185.00/ton AUTO CAST $230.00/ton COMPLETE COMPUTERS/SERVERS $0.30/lb COMPLETE LAPTOPS $0.55/lb EXTRUSIONS BARE $0.62/lb Yieh reports that Japan’s Tokyo Steel announced to raise its scrap purchasing prices by ￥1,000/ton at its five works from August 23rd. After the adjustment, its H2 scrap prices averaged at ￥32,000~￥34,000/ton. Among them, the H2 scrap purchasing prices in Okayama works are at ￥33,000/ton; those in Kyushu works are at ￥33,000/ton; those in Tahara works are at ￥33,000/ton; […]
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Light Iron Scrap at $8.25 per 100 lbs holding firm
Here are the latest average scrap metal prices for September 11 2013 for steel – prices below are per 100bs of material Light Iron $8.25 per 100 lbs Heavy Iron $11.00 per 100 lbs Complete Cars w/ Cat $8.25 per 100 lbs Non ferrous scrap prices are as follows in USD per lb Brass $1.61 Dirty Brass $0.61 Faucets $0.56 Brass Car Rads $0.76 #1 Copper $2.58 #2 Copper $2.43 Light Copper $1.73 Strippable Copper Wire $1.31 Copper Insulated Wire $0.71 Al Insulated Wire $0.21 Steel BX Cable $0.15 Aluminum BX Cable $0.44 Christmas lights $0.07 Al Clean $0.49 Al Dirty $0.26 Al Irony $0.113 Al Cans $0.49 Al Shavings $0.16 in news The price of Copper traded between 3.265 a pound and 3.283 a pound in USD. Recycling Tip - Always strip your copper cable – remove the insulation to get top dollar on your scrap copper – happy recycling!
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Scrap Metal Theft Bill Vetoed in NJ by Governor Chris Christie
September 12 2013 In New Jersey Governor Chris Christie vetoes a bill concerning scrap metal theft that punished scrap metal recyclers and put undue documentation and responsibilities upon those owners. In other news, scrap metal price average prices are as follows (prices are in USD per lb): Al Clean $0.51 Al Dirty $0.26 Al Irony $0.11 Al Cans $0.47 Al Shavings $0.14 Stainless Clean $0.24 ACR Clean $1.10 ACR Dirty $0.89 ACR Ends $0.20 Electric Motors $0.15 Lead $0.29 Wheel Weights $0.14 Do you want to be a scrap metal processor in the State of New York? LICENSE DESCRIPTION IN NY: A person or business must have a Scrap Metal Processor license if they are operating or maintaining a business engaged primarily in the purchase, processing, and shipment of ferrous or non-ferrous scrap. This description is only a general explanation of which businesses need to have a Scrap Metal Processor license. For more information go to the NYC Department of Consumer Affairs
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Copper Price A One Week Low and Scrap Update
September 14 2013 The price of copper hit a new one week low based on US Federal tapering concerns. Copper prices for delivery in 3 months were priced at $7,097 per MT as per the London Metal Exchange. On the Comex, Dec 2013 Copper was priced at $3.2265 a pound Reference scrap metal prices for copper are shown below: #1 Copper $2.61 #2 Copper $2.46 Light Coppe $1.76 Strippable Copper Wire $1.31 Copper Insulated Wire $0.69 Christmas lights $0.09 In other metal prices, here are some average steel/ferrous metal prices: per gross ton #1 Busheling $335 #1 Baling $290 Plate and Struct 2 ft x 5 ft $295 Heavy Melt 2′x 5′ $255 Heavy Melt scrap (unprep) $245 Sheet Iron $180 #1 Shredder Frag $230 Scrap automobiles $175.00 Here is an interesting video on How to make money with Scrap Metal , Tricks and Tips from the Recycling Brothers
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Upstate Shredding – Ben Weitsman Acquires Recycling Yard In Hornell NY
Upstate Shredding-Ben Weitsman acquires new yard in Hornell Former Hornell Waste Material Co. to become part of the largest privately held scrap metal processor on the East Coast September 16th, 2013 – Continuing an aggressive schedule of expansion throughout the Northeast, Upstate Shredding- Ben Weitsman has acquired Hornell Waste Material Co. of Hornell, N.Y. “We do not yet have a location in Steuben County so this acquisition is filling a great need to serve Hornell and the surrounding areas,” said Adam Weitsman, owner of Upstate Shredding and Ben Weitsman. “With our new export facility at the Port of Albany in full operation and 2nd shredder approved for New Castle, we are eager to find new markets for scrap metal.” Weitsman facilities are located throughout New York and Pennsylvania. New York locations can be visited in Owego (2 locations), Buffalo, Syracuse, Binghamton, Liberty, Jamestown, Albany, Rochester, Ithaca (2 locations) and Allegany. Pennsylvania yards are located in Scranton and New Castle. While financial amount of the private sale has not been disclosed, the deal is an all cash transaction and is set to close within 30 days. The contract was announced Sept. 14. Hornell Waste Materials, located at 182 Seneca Street in […]
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Lead Scrap Prices Remain Steady As Do Battery Prices
These are the latest battery, electronic and lead scrap metal prices – these are average / reference prices and you should check with your local scrap yard to get current price lists. BATTERIES Industrial/Steel = $0.35/lbs. UPS BIG Batteries = $0.34/lbs. UPS small Batteries = $0.34/lbs. AGM = $0.34/lbs. Absolyte = $0.20/lbs. Auto = $0.33/lbs. Li-Ion Laptop = $2.00/lbs. Li-Ion Cell Phone = $1.05/lbs. Li-Ion Modem = $2.00/lbs. Li-Ion = $1.00/lbs. Li-Polymer = $1.00/lbs. Ni-Mh Dry = $0.50/lbs. Ni-Cd Dry = $0.23/lbs. Silver Oxide = $32.00/lbs. Li-Ion Tool Pack Batteries = $0.35/lbs. (Milwaukee and Ridgid model XLi have no value) Ni-Mh Wet = $0.25/lbs. Charges: Lithium Primary = Charge of $2.25/lbs. Alkaline = Charge of $0.25/lbs. Ni-Cd Wet = $0.10/lbs. ELECTRONICS Hard Drives w/ Board = $1.00/lbs. Hard Drives w/o Board = $0.75/lbs. CPU Complete = $0.39/lbs. CPU Incomplete = $0.33/lbs. TV/Monitor Boards = $0.15/lbs. CD’s/DVD’s/Floppy’s = $0.12/lbs. Office Phones = $0.10/lbs. Power Supply w/Wire = $0.36/lbs. Power Supply w/o Wire = $0.26/lbs. Cell Phones w/o Battery = $4.00/lbs. LCD Monitors Complete = $4.00/unit (Unbroken No Scratches) CRT Monitors Complete/Unbroken = $0.05/unit Broken/Scratched LCD Screens = $0.03/lbs. Electric Motors = $0.25/lbs. Clean Ribbon Wire = $0.65/lbs. UPS Units = $0.21/lbs. […]
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