Metals Thefts – Ohio Leads Nation

March 22, 2012

The high price of copper and other base metals has led to an increase of metal theft incidents across the country, and Ohio leads the nation for insurance claims resulting from the crime. 

Copper thefts continue to rise. Copper from air conditioning stolen from this church.

Insurance claims linked to metal theft across the country jumped to 25,083 between 2009 and 2011, up 81 percent from the three-year period between 2006 and 2008, according to a new report by the National Insurance Crime Bureau.

The report showed insurance claims for metals thefts were up 81% from the last report covering 2006-2008.

The top five states generating the most metal theft claims

  •  Ohio (2,398);
  • Texas (2,023);
  •  Georgia (1,481);
  •  California (1,348);
  •  Illinois (1,284).

The top-five Core Based Statistical Areas generating the most metal theft claims:

  •  Chicago-Naperville-Joliet, IL (963);
  • New York-Northern New Jersey-Long Island, NY-NJ (921);
  • Atlanta-Sandy Springs-Marietta, GA (823);
  • Dallas-Ft. Worth-Arlington, TX (674); 
  • Detroit-Warren-Livonia, MI (587).

Copper theft is the most common item for the crime, and thieves have stolen copper piping and wiring from churches, abandoned homes and buildings, construction sites, cellphone towers and other unguarded properties, as well as from manufacturing plants.

Anyone with information concerning metal theft can report it anonymously by calling toll-free 1-800-TEL-NICB (1-800-835-6422), texting keyword “fraud” to TIP411 (847411) or by visiting our Web site at www.nicb.org. Or, iPhone or iPad users can download the NICB Fraud Tips app to make it easy to quickly send a tip and get a response

One Northern California Company provides a high tech  service to help protect property.

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Prices Rise As Manufacturing Recovers

September 2, 2010
The prices of all raw materials that we track rose as follows over the past year:
Aluminum: Up 23% from July 2009.
Brass: Up 28% from July 2009.

Copper: Up 17% from July 2009.

Nickel: Up 70% from July 2009.

Stainless: Up 37% from July 2009.

Steel, Busheling: Up 51% from July 2009.

China Coke, Up 3% from July 2009.

Up some serious double digits over a year ago.

You can download the August Material Impacts report free here

We track these items as they indicate the direction that we wll be paying for our raw materials in our precision machining shops, Steel, Aluminum, Brass and Stainless barstock. These items are critical to the manufacture of those materials. 

 

 

 

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Materials Prices Increase-Through The Roof

April 8, 2010
6 of 7 materials we track up 44-114%

6 of 7 materials we track up 44-114%

Prices of raw materials used to make precision machined products are up substantially,  ranging from 44% to 114%  from March 2009- March 2010 for 6 of the 7 materials we track.

 Low inventories, increasing demand, idled production facilities, are among the factors involved here in North America.

As are the historic iron ore agreement  and continued high demand in China. 

We think this trend will be around for a while...

Fuel price increases also impact freight, which is an important factor in our business.

We will not be shocked to see monies paid for steel in May to be $80 per ton higher than they were in April based on already announced price increases and the current price on  #1 busheling which determines surcharges.

Read more and download the .pdf report  here.

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