Metal Laws Not Affecting One Recycling Center
Cristen Drummond
Story Created:
Jul 23, 2012 at 7:22 PM EDT
Story Updated:
Jul 23, 2012 at 7:44 PM EDT
The Newell Recycling Center makes sure they're following the new Georgia Metal Laws that took effect on July 1.
"We spent several hundred thousand dollars getting ourselves into compliance," Vice President of Marketing Frank Goulding said.
Some of the changes businesses are having to comply with are scanning driver's license of sellers, having a photo on file of material being purchased along with the face of person and registering with the Sheriff's Department. Centers can no longer pay with cash or buy parts of an air conditioning unit.
Even with the regulations in place, Goulding said this is not affecting business.
"The new scrap metal laws in Georgia are not having a huge impact on our business by themselves,” he said. “Certainly some of the peddlers that were coming in with certain items are no longer trying to sell them."
Some of these items include copper, coils from air conditioning units and burned copper wire. Even though buyers can't purchase these individual items, Goulding said it's the market that will affect Newell Recycling's business.
"Prices of scrap metal are down,” he said. “They've dropped. Ferrous scrap for example has dropped almost one hundred dollars a ton which has slowed down the volume. Also, non-ferrous prices are dropping as well."
Another factor he says are the warm days.
"We're having a terribly hot summer,” he said. “The heat has affected a lot of that business too. Individuals aren't going out and working quite as hard as they were to collect scraps."
Newell recycling was one of the companies that helped write the new laws. Goulding said they've changed their system to make it easy for customers to sell their scrap metal.
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