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The Scrap Market Update

Are you the not so proud owner of a damaged car in Middlefield, University Heights, or Richmond Heights, seeking a spot that will buy used cars for scrap? As the area’s premier junk car buyer, we will get the job done quickly in Pepper Pike, Euclid, or Garfield Heights. Our salvage car buyer will provide you a quote for an old car over the phone in Eastlake, Twinsburg, and Lakewood–and that is a simple price. To all those residing in Linndale Village or Newburgh Heights, should call our scrap car hauler is now available!

In a recent article in Scrap titled ‘Gaining Gorund’, Joe Pickard and Bernie Lee explained the following: “In 2015, the scrap and recycling market was really struggling and the industry had significantly consolidated. In 2016, there was somewhat of a reversal of fortune as supply and demand began to stabilize. The oil market was certainly in a state of flux as far as commodities go. The prices per barrel which once were $100 were seen in West Texas at lows of about $25. This pattern continued across other segments including ferrous. The price for No.1 heavy metal was near $160 a gross ton, roughly 50% lower than the year prior.

The resurgence took place in late-2016 as No.1 heavy metal rebounded to $250. This rise was also seen in metal, oil, and various others. The Dow was up by 25% despite modest economic conditions and political volatility. The U.S. election surprisingly gave the markets a boost through campaign promises to rebuild the infrastructure, lower corporate taxes, eliminate many regulations, and to renegotiate better (fairer) deals on trade overseas. It seems that the new administration has truly benefitted the scrap and recycling industry so far.” To read the article in its entirety visit: http://www.scrap.org/

Those of us that still buy used cars for scrap in Collinwood, Sagamore Hills, and Middleburg Heights can attest to the ease and convenience. Our junk car buyer will provide you a junk car quote right over the phone in Glenwillow, Parma, or Beachwood. To determine the price, simply get in touch with us for a quote for an old car in Bedford Heights, Bratenahl, or Mantua. Are you in immediate need of a scrap car hauler in the cities of Moreland Hills, Chagrin Falls, or Mayfield Heights? Motor vehicles are a leading recycled product in Ohio, the US, and beyond.