Auto Scrap Recycling News
Cash 4 Cars Akron/Canton is back with a report on the auto scrap and vehicle recycling market here in the US. We buy junk cars throughout Summit, Stark, Portage and Medina County and handle the damaged car removal for those looking to sell your scrap car. The auto scrap business has been impacted by various factors which have reduced the value of many of the materials used in vehicles that are recycled.
On June 7, 2015, James Hagerty of wsj,com posted a story titled ‘U.S. awash in glut of scrap Material’, which outlined the status of the market as follows: “Companies have complained for the past year that the strong dollar & a slowing Chinese economy are hurting earnings. Waste has been a major U.S. export, providing material to be melted in foreign steel mills or made into new paper products. The strength of the dollar has made American waste pricier abroad, cutting demand in China, Turkey & other markets. U.S. exports of scrap materials have fallen by 36% since 2011; the dollar is up about 17% since last July against major currencies. Turkey, whose steel mills are users of scrap, has been buying less from the U.S. and more from Russia, Ukraine and others with weaker currencies.
Waste & scrap remains a big business; last year it accounted for 1.3% of U.S. exports, about the same as meat & poultry. The outlook hinges on a pickup in global manufacturing, which is currently sluggish. Ships that carried furniture and goods from China to CA returned stuffed with metal &boxes ready to be converted into new products and that traffic has slowed. Another worry is that new cars contain less steel as manufacturers reduce vehicle weights to improve fuel economy, said Randy Castriota, owner of Castriota Metals.” The full article is available at this link: http://www.wsj.com/articles/the-big-business-of-u-s-scrap-takes-a-hit-1433669402
We buy junk cars throughout Silver Lake, North Akron and the Rolling Acres area. Our damaged car removal service is available to junk a car in Barberton, Cuyahoga Falls and Canton. To sell your scrap car in Massillon, Copley or Springfield Township, call (330) 271-6464. When we buy junk cars in Mogadore, East Akron and Kent, we include free towing and damaged car removal. Are you considering whether to junk a car in Barberton? When you sell your scrap car to us in Peninsula, Firestone Park or Highland Square, you can rest assured that the scrap vehicle will be recycled in a manner that is friendly to the environment. We now buy junk cars in the areas of Barberton, Ravenna and the Merriman Valley. For fast damaged car removal and cash for your car in Bath, Canal Fulton or Warren—just call us. If you have a car with a bad transmission and are considering whether to junk a car in Barberton, Stow, or Lakemore, get in contact with our junk vehicle buyer for a junk car quote. The requirements to sell your scrap car in Clinton, Medina and Coventry Township are that you have the vehicle title and a valid ID. We are paying cash for cars in the Portage Lakes, Fairlawn and Norton from Monday through Friday from 9AM to 5:30PM and Saturday from 9AM to 4PM. We offer same-day scrap car hauling in Monroe Falls, Green and Tallmadge. We can always offer next day junk vehicle removal in New Franklin, Kenmore and Chapel Hill for those needing to sell a scrap car. Even if your car is located at a repair shop in Hudson or Wadsworth, we can come out to pay you cash for it and tow the vehicle away.
