Posts

Showing posts with the label scrap metal price

Copper is the king of scrap metal, here is why

Image
  Copper is one of the most sought-after metals at the scrap yard. It is a non-ferrous metal that is the best electrical conductor – excluding precious metals, of course. Even though copper is a fairly common metal, it is still in high demand for recycling. Due to its weight as a recyclable metal, sellers tend to generate more revenue from it when compared to other commonly found nonferrous metal scrap. Furthermore, in terms of tonnage and availability, it is less common as a scrap item than, say, steel or aluminum. Today, copper is still regarded as a critical industrial item that is used in a wide range of infrastructure development projects around the world. Let's look at four reasons why copper is the king of scarp metal and how you can maximize your return when you sell your scrap copper for cash. Copper is one of the most valuable scrap metals : Scrap copper prices vary according to the grade of the material which also includes insulated copper wire and whether the copper is ...

Effect of COVID 19 in the Steel Scrap Market

Image
  The COVID-19 crisis is wreaking havoc on the scrap industry. The recycling market is one of the primary sectors that will be impacted by changing trade scenarios in various countries. Because the scrap market is heavily reliant on metal prices, economic stability is a critical market growth determinant. So the changes in the government policy and global commodity markets are expected to have a significant impact on the steel scrap market. People are spending more time at home due to the pandemic, and the amount of waste is increasing due to the increased use of single-use products. People have begun to buy more for personal consumption. Metal resources are scarce in all of the countries. Because the scrap market is heavily reliant on metal prices, economic stability is a critical market growth determinant. Metal and scrap industries were among the first to feel the effects of the pandemic. Over time, the scrap recycling industry has experienced volatility. The cost of purchasing ...

3 Easy and Cost-Efficient Ways to Recycle Scrap Metal

Image
  Recycling plays a crucial role in society and the industry to meet the goals of efficient management of limited resources, cost reduction, and reduced landfill utilization. It can help to reduce pollution by keeping scrap out of landfills. These scrap metals contain toxins like mercury and lead which can contaminate the soil and water, posing health problems to people and wildlife. So, recycling scrap metal is very essential for environmental and human benefit. Recycling scrap metals is one of the best things to do, as it encompasses so many consumer products. From appliances to batteries, cans, electronic devices, etc. It can also be found in trucks, cars, railways, etc. This not only helps in recycling the metals but also you can make money out of it. One of the best things about recycling metal is that it can be recycled over and over without altering its properties.  Scrap metal is one of the important resources because it can be re-melted and reshaped into new products ...

Common Household Scrap Metal That You can Sell to Your Local Metal Recycling Yard

Image
  Most of us have heard of recycling and reusing paper, plastic bottles, food waste and more, but there is another sector that hasn’t gained popularity is, scrap metal . This includes steel, copper, brass, and iron. These metals are found in your daily surroundings, but do you find yourself simply discarding it? Well, did you know that you could generate revenue by selling the waste, while benefiting the environment as well.  Below are some common household places to find scrap metals which can be used for recycling. Kitchen: Appliances like refrigerators, dishwashers and microwaves have copper wires. It may be a long time that you have cleaned your kitchen cupboards where you may find unused items like pots and pans made up of aluminum. Even an unused kitchen stove can be recycled, as well as all the stainless steel, iron skillet and aluminum foils. If you are someone who consumes soft drinks from a can or eats canned food, these cans can also be sold as scrap metal. Living ...

Will the scrap metal recycler pay for rusted metal?

Image
  While the concept of recycling paper, plastic, clothes, and other materials is similar to us; but a sector of recycling that is not so popular but very important is scrap metal recycling.  Through scrap metal recycling, we can reuse and reduce what goes to the landfill, reduce waste, and save on energy used to produce or mine metals. Scrap metal exports are one of the largest, and by recycling metals, we can reduce the amount of ore mining throughout the world. Iron oxide is the chemical compound for what is commonly known as rust. There are multiple ways to prevent rust and even remove it. Untreated rust can eat away the strength and functionality of the metal.  Let’s get down to the big question, Can rusted metal be recycled? You’ll be surprised to find that rusted metal can actually be recycled.  If you’ve got some rusted metal amongst your stash of unwanted scrap metal, then fear not; most scrap metal recyclers will still gladly accept your materials and provid...