August 20, 2015
Romulus, MI. August 20, 2015 – Below is a letter that BENLEE's affliated companies Raleigh Metal Recycling and Goldsboro Metal Recycling sent to its customers this week. Many BENLEE customers are also in the scrap metal business, so we felt it was important to post this letter on BENLEE's site.
To Our Valued Customers:
We felt it was important to let all know that scrap metal prices are now at 6+ year lows, so unless there is a change, your payment next month will be even lower than this. Of course many of you that deal in buying finished goods steel, copper and aluminum are aware of this due to finished goods metal is also at multi year lows.
The reasons for this are:
At this time we see nothing in the global economy that will reverse this. We do think there is more downside and then stabilization.
We thank you for the business. If you have any questions, feel free to call me on my cell at 734-722-8100. Also, see the attachments.
Lastly, you may want to go to our Raleigh or Goldsboro websites and click on the Monday Metal Report, which is our weekly report on the industry.
About BENLEE: BENLEE is a full service manufacturer and seller of Roll off Trailers, Open Top Scrap Gondola Trailers, Pup Trailers, Dump Trailers and Crushed Car Haulers. We stock parts for all makes and models of Roll off Trailers, Roll Off trucks and Dumps. Visit our on line 24/7 Parts store located at www.benlee.com or by calling our Parts Hotline at 734-722-8100. Repair, Service and Frame Straightening is also available.