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Market Insights – November 2019 - Logo
Bruce's Commentaries / 11.20

Market Insights – November 2019

The economy looks better this month than it did last month. The six-week GM strike ended and did not have a big impact on the overall economy. Job growth continues to be good, except for manufacturing. 
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Bruce's Commentaries / 08.26

Bruce’s Metal Market Commentary – August 2019

I am focusing on the trade war because of the topic’s importance to manufacturing.
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Bruce's Commentaries / 07.26

Bruce’s Metal Market Commentary – July 2019

I might have to change the name of the Metals Commentary to the Trade Wars Commentary. In June, 600 large corporations, including Walmart, Costco, Target and Gap, and numerous trade associations sent a letter to President Trump requesting the removal of US tariffs on Chinese-produced goods. The group prepared an analysis that showed the trade wars are hurting the economy and would reduce the GDP, lead to a loss of more than 2 million jobs and cost the average American family $2,300 per year. 
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Bruce's Commentaries / 06.26

Bruce’s Metal Market Commentary – June 2019

There is a considerable amount of negative economic news out there right now. It is not negative at the same level as the Great Recession, just a softer tone to manufacturing and business. I concentrate on the indicators that most affect manufacturing. 
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Bruce's Commentaries / 05.29

Bruce’s Metal Market Commentary – May 2019

Political turmoil and tariff chaos continue to make headlines and cause uncertainty.
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Bruce's Commentaries / 04.15

Bruce’s Metal Market Commentary – April 2019

My brother is 4 years older than I am. When we were little and had a fight, I would say, “I don’t like you, but I love you.” I feel the same way about the economy as it continues to chug along since the Great Recession. New orders of nondefense capital goods, excluding aircraft, had their biggest gain since last July and the total industry capacity utilization rate is the highest in 2 years. The ISM is back up after 2 down months. Consumer confidence as measured by the University of Michigan rose 4 points last month. Job growth is good and inflation is in check. However, autos, housing and capital equipment are a bit slower.
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Bruce's Commentaries / 03.13

Bruce’s Metal Market Commentary – March 2019

There is an old Chinese proverb that states, “You should live in interesting times.” Actually, it is often said as a curse. Right now, we are certainly living in interesting times. Headline news includes a record $890 billion trade deficit for 2018, which is a 10-year record. The budget deficit is estimated at $1 trillion, and the GDP, which was close to 2.9% growth last year, is forecast to be about 1.5% for this year. Global GDP is still forecast at a very decent 3.0% to 3.5% growth rate, but it is trending down.
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Bruce's Commentaries / 02.15

Bruce’s Metal Market Commentary – February 2019

The old adage in elections and politics is: “It’s the economy, stupid.” Today the adage is: “Look at the economy and don’t listen to politics.” Granted, it is hard not to listen to the tweets and barrage of talk these days, but this is a metal commentary.
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Bruce's Commentaries / 01.17

Bruce’s Metal Market Commentary – January 2019

Even though I know forecasting the future is absurd, it still enables our company to come up with our business and metal assumptions. Our team then develops a strategy and a budget for the year, which is the true benefit of analyzing the forecasts. 
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