What are the current scrap metal prices in the market? This is one of the most important questions to ask before selling your scrap to a wrecking yard. By knowing the prices of different scrap metals, you can estimate how much cash you can earn and check which wrecking yard is giving you a fair offer.
It’s also a good idea to stay updated on the latest news especially on factors that affect the supply and demand of scrap metals. For example, the lockdowns last year at the height of the pandemic made a huge impact on many industries, including the scrap industry. Many scrap yards ceased to operate due to restrictions. Aside from this, some industrial and manufacturing companies shut down, causing the demand to drop. The scrap metal prices also went down.
Good thing that didn’t last long. As the economy started to reopen, more companies across different sectors are going back to their normal operations. Selling your scrap metal should not be a problem.
Still, You Should Ask This: Where Can I Find A Wrecking Yard That Offers The Highest Scrap Metal Prices? Here Are Some Tips:
Find Reputable Wrecking Yards
Some auto wrecking companies can offer cash for scrap metal. They are often those yards with their own recycling facilities. Because they don’t need to send them to another place to process the metal, they are able to provide the highest possible cash offer. This is the kind of company that you should be looking for if you want to get top dollar.
Compare Prices
Companies may vary in terms of how much they are willing to buy scrap metal. Some of them post their prices on their websites for easy access. Compare prices from different wrecking yards and choose the one that will pay you the highest.
Clean Your Scrap Metals
Cleaning your scrap can help increase its cost, but this doesn’t mean that you have to make them spotless. Cleaning metals means removing non-metal items such as plastic. By doing this, you are lessening the workload of the wrecking company and they are more likely to offer you a higher price.
Sort The Metals By Type
Identify the types of metals that you are selling so you can properly sort them. This will help you get a more accurate estimate of how much you will earn from your scrap metal. Two main types of metals are: ferrous and non-ferrous. Ferrous metals are the ones that stick to the magnet. They are alloy steel, carbon steel, cast iron and wrought iron. Meanwhile, non-ferrous metals are the ones that don’t attract the magnet. They are aluminium, copper, lead, zinc, and tin.
As a leading metal recycling company, Metal Force Recycling buys all types of metal and pays top cash for all types of metal. You can go to our website to check our scrap metal price list. Do you have any questions? Call us at 0403 191 732.