Since metals function as a commodity, the industry is highly cyclical and reliant on consumption from automotive manufacturing, commercial construction, the oil and gas industry, and infrastructure spending. The domestic industry is susceptible to pricing volatility tied to global production, as well as government policies for trade. The U.S Commerce Department continually reviews imports into the U.S. and considers anti-dumping or countervailing duty investigations into any trade cases found unfair, which could result in tariffs and higher import prices; these could in turn affect domestic prices, as domestic suppliers often compete with imports.
The metals industry serves a global marketplace and comprises everything from integrated steel producers and mini mills, to service centers, recycling facilities, aluminum smelters and rolling mills, copper rod/wire mills, foundries and more. The industry is currently dominated by China, the U.S., Brazil, Korea, Japan, Germany and India.
Typical steel inventory categories include continuous cast slabs, billets, semi-finished flat-rolled coils and plate, finished flat-rolled coils and plate, rod and wire, castings and long products (bars, channels and beams). Non-ferrous metals include aluminum, copper, nickel, zinc, ferro-alloys, and stainless steel and can be in varying forms including ingots, sows, billets, bars, rods, wire, sheet, coil and plate. Ferrous and non-ferrous scrap have industry classifications to determine their respective market values based on location, condition and weight.
This industry employs a wide variety of machinery and equipment (M&E), including: casting, rolling, tempering, coating, blanking and slitting equipment; holding and reheat furnaces; overhead bridge cranes; plasma cutters; press brakes; auto shredders; balers; non-ferrous eddy current sorting systems; front-end loaders; grapplers and magnets; core machines; trim presses; robots; welders and much more.
Our experienced team will put together a complete picture of asset values, including getting under the hood with mobile equipment. Physical inspections can determine how long an asset has been idle, and whether it was properly maintained and stored. We help ensure that the physical conditions of all assets are reflected in used market values for metalworking equipment.