Revenue and earnings for global e-scrap processor Sims Recycling Solutions dropped in the second half of 2018 compared with the same period a year earlier.
A longtime Kansas City nonprofit e-scrap operation has temporarily closed its doors, noting that financial pressure from changes in global recycling markets played into the decision.
Despite trying economic times for much of the industry, Missouri-based EPC has found success by sticking with its specialty: refurbing and remarketing used IT equipment.
Global economic conditions have helped push up the scrap value of principal metals used in electronics.
Import policies in China and Southeast Asia continue to tighten, making it more difficult to move certain e-scrap materials to international markets.
As they look to attract more multinational clients, processors have realized they need to expand their footprints. A U.S. company’s recent move shows how strategic partnerships can fit into that international equation.
Serdar Bankaci, Gary Curtis, Miles Harter and Rob Schafer discuss a range of industry topics at the 2018 E-Scrap Conference in New Orleans.
Material markets have shifted over the past year, but commodity pricing is just one of myriad forces that are constantly shaping and reshaping the e-scrap and ITAD sector.
As part of the Trump administration’s trade war with China, a number of tariffs have been levied on the import of Chinese goods. A handful of recycling companies and one trade group have sought exemptions.
Participating in the E-Scrap Conference’s opening plenary were (from left to right) Tricia Conroy, Corey Dehmey, Dan Leif, Kevin Dillon and Bernie Lee.
Customers understand they need to pay fair prices for proper downstream management of CRTs, ERI’s Kevin Dillon said. But when he quotes 25 to 35 cents a pound to recycle a printer, they look at him like he’s crazy.
