October 6, 2025
This is the Recycling, Scrap Metal, Commodities and Economic Report, October 6th, 2025, produced by BENLEE Roll off trailers to support our customers, suppliers, and partners.
U.S. weekly raw steel production rose to 1.77MT up 6.8% from last year and up 2.8% year to date. This was on the 50% steel tariff protection and slow U.S. manufacturing.
WTI crude oil price fell to $60.88/b on lower expected demand due to the U.S. government shutdown. Also, on the expectation of an OPEC+ supply hike, which was confirmed yesterday.
U.S. weekly crude oil production rose slightly to 13.505Mb/d., on the possible positioning to increase exports if Russian oil sanctions hit.
The U.S. weekly crude oil rig count fell slightly to 422 but has been up in recent weeks, positioning for increased crude oil exports.
Scrap steel #1 HMS price composite was steady at $311.67/GT but is still in flux. This was as some steel grades fell.
Hot-Rolled coil steel price fell to $40.20/cwt. $840/T on tariff protection and slow demand.
Copper price rose to $5.08/lb., a two month high on a supply disruption due to an accident in an Indonesian mine and an earthquake in Chile. There has remained good demand though.
Aluminum price rose to $1.23/lb., $2,711/MT on lower Chinese supply. Also, on the continued concern over the Guinean government takeover of mines.
China’s September NBS manufacturing Purchasing Managers’ index rose to 49.8 but remains in contraction which is under 50. Buying levels rose as new orders and foreign sales shrank at a slower rate.
U.S. September ADP private business employment change. Businesses cut 32,000 jobs missing the 50,000 gain forecast. Services and manufacturing both lost jobs as the economy slowed.
U.S. September ISM Manufacturing PM Index rose to 49.1, but it was the 7th month under 50. Under 50 means contraction. Production rose slightly, but new orders & backlogs fell. Tariff related cost pressures & weak demand were key issues.
U.S. September ISM services purchasing managers’ index fell to 50 well below forecast. New orders slowed as inventories contracted. Employment contracted as hiring slowed due to economic concerns.
U.S. September conference board consumer confidence index, fell to 94.2. The outlook for income, business and labor declined. Prices and inflation were the top issues. The next 12 month inflation forecast was 5.8% down from 6.1%.
Wall Street’s Dow Jones Industrial Average rose 511 points to 46,758 a new record high. A long government shutdown would hurt growth as the job market is slowing. Slowing growth reduces the timing and the amount of interest rate cuts that helps growth.
This report is brought to you by BENLEE Roll-off trailers, Gondola Trailers, Lugger Trucks and Roll-off trailer parts and Roll-off truck parts. This is Greg Brown reporting. As always, feel free to call or email me with any questions, and we hope all have a safe and profitable week.