In the Business of Scrap

Metal is one of the few materials that can be used repeatedly without a loss in quality, and proves to be just as useful to those who need the materials as new product. With this being the case, collecting and selling scrap metal is a common task to many. We’ve talked before about the type of metals that we accept, but how does it all work?

First, it’s important to acclimate yourself with types of scrap metal as you’re collecting. While this isn’t required, it helps to know what you have and what’s being paid for that type of metal. If you can separate the types of metal before bringing it in, it’s likely you will be paid more because it’s easier to weigh the pre-sorted materials.

Secondly, it’s good to keep track of the selling price of each metal. These numbers change frequently and being knowledgeable will ensure you maximize your selling amount. There are websites and apps that monitor and update scrap metal pricing. It is also important to vet the scrap yards in your area. Do they buy all types of metals, or just a few? Do they take old cars or are they prohibited? Will you be paid with cash or a check? Forming a relationship with a reputable scrap yard will make for a seamless and enjoyable experience.

Lastly, you may be bringing a large load; will the scrap yard help you to unload your haul? It should be acknowledged that you are entering a work zone, often with large machinery, when you enter a scrap yard. It’s best to wear appropriate clothing and shoes, and remain aware of your surroundings.

It’s always important to remember that scrap metal pricing is not left up to all scrap yards. It does fluctuate! Checking in on pricing weekly or monthly can help you to plan visits to sell your metal. The metal recycling rate is only around 34%-35%, far too low for those who need or want recycled metals. So if you’re holding back on visiting, rest assured that the scrap yards will offer their help and understanding through the selling process.
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For questions, call us at (804) 800-9672 or come visit us at our Coxendale or Deerhill location!