Important Factors that influence scrap metal pricing

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 Millions and tons of metal get recycled every year, so much that they have become a part of our everyday lives. They are the lifeblood of the global economy. Metal scrap companies are at the center of this stream and play a pivotal role in the industry. 

Price of Metal Scrap


In recent years, metal prices have seen certain price shifts. It is important to understand the reasons behind the same and the factors that influence the pricing of metal scraps—

  1. Demand & Supply

Demand and supply factors play a critical role in the pricing of scrap metals. A constant pulse on the global metal market prices is kept by all players in the metal recycling industry. An increase or decrease in price is directly proportionate to the demand for metals across various industries. Climate and seasonal high and lows of the construction industry can also affect the pricing. 

  1. Quality and Quantity

Scrap metal has to meet a certain level of quality in order for it to be used and repurposed. If metals like copper and iron are high-in-demand then it is a positive sign as you are likely to get more for your scrap. 

  1. Transportation and Production costs 

This is also an important factor that influences the pricing of scrap metal. The cost of transport and production is directly related to the cost of fuel and energy. Changes in these costs directly affect the price of metal scrap. Since these metal scraps require collection, processing, and transportation from point A to point B. 

  1. Virgin Metal Prices

Virgin metals are those metals that are newly mined and have not been used, processed, or recycled. If the market price of these is high then more people are likely to opt for scrap metals to cut down their cost and fit in their budget. The high pricing of virgin metals makes scrap metals a more valuable alternative for buyers. 

Al Sifah Metal Scrap is an established scrap metal recycling business, offering the best scrap metal prices in UAE. They buy sell all grades of non-ferrous and ferrous metals in Dubai and Sharjah. 
Location: Sharjah - Al Saja'a Industrial Suburb - Sharjah - United Arab Emirates

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