In May, the New York Federal Reserve Bank estimated tariffs in effect at that time would cost the average U.S. household $831 a year. | aijiro/Shutterstock
The escalating trade war between the U.S. and China is creating uncertainty among small businesses and exacerbating a global manufacturing slowdown, according to The Wall Street Journal.
Sims Metals Management anticipates lower financial returns due to depressed commodity prices | Amy VonDe/Shutterstock
A recent tumble in steel and aluminum prices will significantly hurt Sims Metal Management’s financial results, the company informed investors.
Sims noted that lower commodity prices were a factor leading to smaller profits. | create jobs 51/Shutterstock
Sims Recycling Solutions (SRS) pulled in smaller profits during the 2019 fiscal year. But the company also pointed to stronger numbers in the second half of the year, attributing gains in part to data center recycling efforts.
Industrial Services of America (ISA) plans to sell substantially all of its assets to River Metals Recycling LLC. | YuRi Photolife/Shutterstock
Industrial Services of America, located in Kentucky and Indiana, is being acquired by a regional competitor after a period of financial struggle.
India was the second largest importer of U.S. scrap plastic during the first six months of 2019. | Avigator Fortuner/Shutterstock
Recovered plastic, including material from end-of-life electronics, has largely stopped flowing from the U.S. into India, which until recently has been among the top importers of scrap plastics.
The value of gold has risen 15% since spring. | Dominic Warren/Shutterstock
A slowing global economy and rising fears over trade wars have produced steep changes in the value of scrap metals in obsolete electronics. Some prices have risen handsomely while others have fallen sharply.
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Clover has recently hired debt restructuring advisers. | antb/Shutterstock
Clover Technologies Group, the world’s largest collector of used printer cartridges, is suffering financial problems caused by heavy debt and the loss of two customers.
During the 10 years Arrow operated in the ITAD sector, e-commerce increased and became a competitor to the company’s business model. | dokurose/Shutterstock
Evolving ITAD economics contributed to Arrow Electronics’ decision to jettison that segment of its business, according to company leaders.
Ongoing economic uncertainty has contributed to the freight market shift. | Vitpho/Shutterstock
Multiple factors have led to lower demand for trucking, bringing shipping cost relief to many in the recycling industry.
