Loading price data
Scrap Monster
Access the Platform
December 13th 2021

Scrap Metal, Recycling, Global Economic and Commodities Report December 13, 2021

This is the Global Economic, Commodities, Scrap Metal and Recycling Report, by our BENLEE Roll off Trailers and Lugger Trucks, December 13th, 2021.

weekly tonnage of raw steel production

U.S. weekly crude steel production fell to 1.807MT. This was on slow U.S. manufacturing growth and increased imports.

Crude Oil

WTI crude oil price rose to $71.67/b up about 9% for the week. U.S. drillers and oil companies recommitted to keeping prices high. Importantly, this was due to oil price dips in 2016, 2019 and 2020 were too damaging to shareholder returns.

US Field Production of Crude Oil

The U.S. weekly oil production rose to 11.7M barrels per day, a huge 1.4M less than 19 months ago. This was as drillers balance cash flow, to shareholders vs. drilling costs.

Oil Rig Count

The U.S. weekly oil rig count rose to 471, still down about 40% from 19 months ago. This was on the same balancing cash flow issue.

AMM Weekly Heavy Melt

Scrap steel #1 HMS price was steady at $465/GT. There is downward price pressure for January.

Hot Roll Coil

Hot roll coil steel price fell to $81.58/cwt, $1,632/T, the lowest in 6 months. This was on the slow growth economy, steel imports and good supply.


Copper price rose to $4.29/lb., as China’s imports grew to an 8-month high.


Aluminum price fell to $1.18/lb., $2,607/mt on lower Chinese demand.

China November Vehicle Sales

China November vehicle sales, rose to 2.52M, but off 9.1% from last year. Electric, hybrid and hydrogen vehicles surged 121% from last year.

U.S. October Trade Deficit

The U.S. October trade deficit, narrowed sharply to $67.1B, the best in 6 months. This was as exports jumped 8.1%, with oil and aircraft rising the most. Yes, we export and import oil. Importantly, imports hit a new record with passenger cars, diamonds, and cell phones up the most.

U.S. December U of M Consumer Sentiment Index

U.S. December U of M consumer sentiment index rose to 70.4, beating forecasts. Both current conditions and future expectations improved.

U.S. November Inflation

U.S. November inflation rose to 6.8%, a 39 year high, driven by energy prices. Labor increases remain, but many commodities are falling.

U.S. Weekly Initial Unemployment Claims

U.S. Weekly initial unemployment claims fell to 184,000, the lowest since 1969, 52 years ago. Hiring remains tough but could get better after the holidays.

Dow Jones

Wall Street’s Dow Jones Industrial Average rose 1,072 points to 35,971 near the record. Inflation concerns the public, but corporate profit margins are expanding, NOT contracting. 2022 could be an incredibly good year in the economy, after a solid 2021.


Roll off truck replacement. Now is the time to save $150,000 and buy a truly short BENLEE 25’ 11” roll off trailer. Carry more weight and get into a tighter spot than a roll off truck.