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SSR-1 Raises Prices to Protect Suppliers and Increase Production

Submitted by BenJMann on Mon, 05/17/2010 - 07:01
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Stubblefield Salvage and Recycling, LLC (SSR-1) is raising prices in a move to aggressively protect scrap metal suppliers and increase production.

Prices at SSR-1 shot up as much as $20 a ton this morning.  While many other scrap yards are lowering payments to local vendors SSR-1 is increasing its payments to scrap colletors by nearly 15%.

Vendors with HMS #1, #2 and cast iron will get fatter checks immediately --especially for prepared iron.  Those with truck loads (TL) of twenty (20) tons or more will receive a 5% premium when they sell their iron to us.   . . . Read more about SSR-1 Raises Prices to Protect Suppliers and Increase Production

Metal Prices Take a Hit

Submitted by BenJMann on Wed, 05/05/2010 - 10:25
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All metal prices, ferrous and nonferrous, took another hit yesterday.  SSR-1 lowered ferrous prices again this morning.

Much of this is due to uncertainty in the European Union --especially the riots and financial and social breakdown in Greece, closely followed by 20% unemployment in Spain and near bankruptcy in Portugal.

The stock market had one of the biggest drops since the so-called recovery and Asia is expected to slow its growth rate.

  . . . Read more about Metal Prices Take a Hit

20 Hired and 24 Million Pounds of Metal Processed

Submitted by BenJMann on Sat, 03/20/2010 - 15:38
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March 22, 2010, Walla Walla, WA (Corrected Version) –Stubblefield Salvage and Recycling, LLC (SSR-1) at 980 NE Myra Road in Walla Walla has hired twenty full-time employees and recycled over twenty-four million pounds of iron during the last twelve months.

“A lot has changed,” said Lily Stubblefield-Shoop, CEO and day-to-day operations manager, “since Dad, Emory Stubblefield, passed away a little over a year ago. Our first goal was to takle the huge cleanup task at the old multi-function junk yard at the end of Offner Road and modernize the way our family has done business for more than sixty years.

“We've-focused our regional metal processing business on one specific segment of recycling --processing used metals, including iron, cast iron and nonferrous materials such as copper, brass and aluminum. We no longer process whole automobiles and do not provide hulk-hauling or wrecker services.”

SSR-1's business philosphy is 'same-day'

  . . . Read more about 20 Hired and 24 Million Pounds of Metal Processed

Bank Lending to Small Business --NOT

Submitted by BenJMann on Thu, 01/14/2010 - 12:56
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CNBC's Rick Santelli may have got it right when he commented about the proposed new tax on the largest US banks which received TARP assistance, "It's a little like throwing red meat in front of a bunch of lions, then ripping their stomachs open to get the meat."

What would have happened had the American taxpayer refused to cough up billions of dollars to bail out the biggest offenders of basic economic common sense?  Who was watching the hen house as the CEOs of the "too-big-to-fail'' lined their own pockets with bonuses, corporate jets and private excess at the reckless and irresponsible expense of their depositors and shareholders?

  . . . Read more about Bank Lending to Small Business --NOT

Iron Markets Spook Scrap Dealers

Submitted by BenJMann on Sat, 10/31/2009 - 15:42
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Spooky Scrap Iron MarketsSpooky Scrap Iron Markets

The bottom fell out of scrap iron markets this week spooking scrap yard operators from San Diego to Seattle.  Stock market analysts downgraded Schnitzer Steel Industries, Inc. further scaring scrap iron processors.

Some scrap dealers near sea ports continued to buy HMS 1, 2, cast iron shredder bales and sheet metal. A few buyers tried to prop up prices through the end of the month for preferred customers, other dealers simply stopped buying scrap iron.

  . . . Read more about Iron Markets Spook Scrap Dealers

Record Week at Stubblefield Salvage and Recycling, LLC

Submitted by BenJMann on Mon, 09/28/2009 - 06:02
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Stubblefield Salvage and Recycling, LLC purchased 225 tons of scrap metal last week --a record for the regional processing center.

Although used metal markets have been unstable since the big fall a year ago, prices at the Walla Walla, Washington processing center have generally increased.

Ferrous product prices decreased one half cent, while non-ferrous items, such as copper and brass increased up to five cents.   . . . Read more about Record Week at Stubblefield Salvage and Recycling, LLC

Purchases Near 200 Tons per Week at Stubblefield Salvage and Recycling, LLC

Submitted by BenJMann on Tue, 09/22/2009 - 19:00
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One hundred, seventy tons of scrap metal were purchased at Stubblefield Salvage and Recycling, LLC in Walla Walla last week. This is five times the weekly volume of scrap metal purchased only four months ago.   . . . Read more about Purchases Near 200 Tons per Week at Stubblefield Salvage and Recycling, LLC

Economic News Impacts Scrap Metal Markets

Submitted by BenJMann on Tue, 09/08/2009 - 08:02
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Recent economic news is mixed.

Scrap metal markets have improved, when compared month over month, yet prices are far from their all-time high during the first half of 2008.

US unemployment hovers around 10% and many geographic pockets indicate the number of unemployed and underemployed is much higher.  Unemployment is expected to get worse before it gets better --even with some seasonal hiring possible during the 4th quarter 2009.   . . . Read more about Economic News Impacts Scrap Metal Markets

Warren Buffet

Submitted by BenJMann on Fri, 07/24/2009 - 22:23
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Today Warren Buffet announced on CNBC that commodities are his choice for a safe haven as the US economy continues to choke on debt and stall on inflation worries.

Even as stocks rose this week, savvy investors are peering deeply into the earnings reports and wonder how much is real and how much is off the books. Optimism is a choice; so is caution.  Few investors are willing to bet long term on paper profits going forward --especially with inflation and increased US unemployment on the horizon.   . . . Read more about Warren Buffet

Paved Entrance Now Open

Submitted by BenJMann on Sat, 04/04/2009 - 13:10
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Myra RoadMyra RoadScrap metal sellers and retail buyers can now access the paved entry to Stubblefield Salvage and Recycling, LLC at 980 NE Myra Road in Walla Walla, Washington.  Although the newly completed Myra Road extension does not show up on Google Maps or MapQuest, the new highway is a huge improvement and convenience for all our friends and customers.  The old entrance on Offner Road is closed to business traffic.

  . . . Read more about Paved Entrance Now Open
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