CASH FOR JUNK CARS AUSTIN - 512-221-1747 - JUNK CAR REMOVAL

If your vehicle has reached the end of its life, carefully consider the following statistics regarding the vehicle-recycling industry. Vehicle recycling positively impacts not only our economy, it is an active solution in helping to restore and preserve our precious planet.  

Each year in North America, close to 12 million vehicles reach the end of their useful lives and are taken out of service. In the United States, the metal, plastics, tires, glass, and other materials going to create thousands of new products. 75% of your old car can be recycled

and 42% of all new steel in this country comes from recycled metal.

Our society is becoming more conscious about the footprints we leave behind for future generations. With increased awareness, sensitivity, and concern for our planet’s future, the numbers have risen at an alarming rate. According to the American Iron and Steel Institute (AISI), in 2004 over 14.5 million tons of steel was recycled and reused from end-of-life vehicles. In 2011, more than 85 million tons of steel was recycled, with an increase of nearly 10 million net tons from the previous year. Recycling vehicles provides enough steel to produce almost 13 million new vehicles and saves an estimated 85 million barrels of oil a year, that would have been used in the manufacturing of new or replacement parts. Using recycled metal saves up to 74% energy and 40% water consumption. It also reduces air pollution by about 86% and water pollution by 76%.

Automotive recyclers provide wholesale and retail customers quality parts that sell for up to 50% less than the comparable new parts. Automotive recycling decreases insurance rates by purchasing inoperative vehicles from insurance companies, thus allowing for recovery of financial losses. There are approximately 7,000 vehicle-recycling operations around the country, the total annual revenue is estimated to be $22 billion.

The world, and especially China, is still producing a lot of steel. Total global crude steel production is up in 2012 year-on-year. Essentially, it comes down to this: China sets a floor on global scrap pricing. If the steel scrap price drops, Chinese mills suck up the scrap and end up having a huge surplus by taking material off the market. In December 2012, Metal Miner’s managing editor Lisa Reisman noted two areas of caution when looking at steel prices, “The first involves steel imports, which have notched up in recent weeks, and [the second is] global overproduction of steel.”

With prices already beginning to drop last week, the September 2013 market is in the midst of experiencing another month in which some prices fall while others are sideways.