Scrap Metal Recycling: How to Get the Best Rates for Your Scrap Metal

The scrap metal industry experiences significant price fluctuations every year, and it’s hard to ascertain the metal pricing rates at a particular time in the future. However, if you wish to sell scrap metal, it is important to devise ways in which you can get the best rates for it. There are various factors that scrappers consider when establishing the value of scrap. Here are some valuable tips that will help you get the best rates for your scrap metal.

Choose valuable metals

Some metals are more valuable than others, and these are the metals that you should target if your aim is to make money. Here is a breakdown of the commonly recycled metals and how they fair in terms of value.

Copper scrap metal is one of the most valuable metals to scrappers. It is found in plumbing systems, electrical wires, roofing materials, ornaments, electronics and machinery. Copper is valuable due to its versatility and conductive properties. Also, it is resistant to corrosion and can maintain high performance even after being recycled.

Brass is less valuable than copper, but you can get good rates for it as well. It is a heavy metal with a characteristic yellow colour and is commonly found in light fixtures, door fixtures and keys.

These are the metals you should consider recycling if you want to make the most money. Aluminium and steel are also commonly recycled, but they are less valuable than brass and copper.

Prepare the metals

Scrap yards usually pay for labour to prepare scrap metal for recycling. The preparation process involves disassembling the metals, separating the various types and cleaning them to get rid of mud, oil and dirt from the surface. Cleaning the scrap metals before presenting them to the scrappers can help you get a better price since they won’t need labourers to prepare them. Ensure that you separate the various types of metal such as copper and its alloys, brass, aluminium and steel.

Check the prices

As aforementioned, the scrap metal industry faces price fluctuations very often. Checking the prices before trading scrap can help you get a better rate for them by selling during the peak season. You can make use of the recession period when the rates are low by collecting more scraps and preparing them for the peak season.

These tips will help you get the best rates for your scrap metal. Also, compare the prices offered by various scrappers in your location before settling for one.

Raise Money for Charity and Help the Environment by Selling Scrap Metal

There are so many good causes to give to nowadays, it can be hard to drum up support for another. Novel or unconventional methods can often encourage people to give to your collection, so why not ask people to donate scrap metal? You might have seen charities that ask people to donate items to be sold, rather than giving money – this suggestion takes that concept one step further. Asking people to donate their scrap metal will capture attention, and can raise large amounts of money, as well as helping the environment.

If you offer to collect any type of metal, not just those that can be sold, then you’ll also be helping the environment by recycling anything that can’t be sold. This also adds an extra incentive for any donators who have large amounts of metal that they can’t recycle themselves.

Read on for some tips on organizing your scrap metal collection. One man’s trash really is another man’s treasure!

Collecting the metal

When it comes to selling scrap, not all metal is created equal. Some metals will fetch much higher prices than others, and informing your potential donators of this can help you to get the highest value donations possible. Create a simple list of metals, advising where each might be found. For example, scrap copper may come from old cables or pipes, and is worth a high amount. Scrap brass often comes in the form of old doorknobs, kitchen or bathroom taps, or fittings. If a reader has recently had work done in their home, chances are they might have a few of these lying around. Scrap aluminum may come from old wheels, radiators or cables. Having a phone number on your flyers is a good idea – readers can then contact you if they’re unsure about the type of scrap they have.

Selling the metal

You should contact a few local recycling centers and ask for a metal price list from each, as well as details on the grade of metal they accept. Grade one metal is pure, uncorroded and not associated with different alloy types, while grade two may consist of multiple alloy metals. Different dealers may accept different types of metal, and different grades. To get the best deal, you may want to sell your scrap to more than one dealer – write down each price list and compare.

Depending on the amount of metal you accumulate, you may need to hire a vehicle to transport it to your chosen recycling center. It’s best to gather all of your donations together in one place, then sell and recycle them all at once. This saves you time and money, which would be wasted by making multiple trips back and forth.