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Scrap metal, like all commodities, has a fluctuating value. If you’re looking to turn over ferrous and nonferrous materials to a recycling center for a profit, there are a few factors that will influence the rate they will offer you for them. Understanding some of these considerations will help you find the best price for your metal. To help you achieve this, here are some of the aspects that go into determining the market value of scrap metal.

What Affects Scrap Metal Prices?

1. Supply & Demand

Supply and demand is the biggest fluctuating factor that affects scrap metal value. If the market is saturated with stainless steel, the value will be low. If yellow brass is scarce, a scrap yard will pay top-dollar for it. Sometimes it’s best to hold onto your metal until there’s a greater demand. To get the best return, pay attention to adjusting rates in your area.

2. Quality & Quantity

scrap metalFactors that you have some control over are the quality and quantity of the materials you bring. Clean scrap metal that isn’t insulated or corroded will often fetch a better price. Likewise, if you’re selling in bulk, the scrap yard will pay more than they would for an individual piece. This is because it costs more money to transport and process multiple transactions. To get the highest return, wait until you’ve accumulated a large amount of metal and clean your pieces before visiting the yard.

3. Location

The closer a scrap yard is to a processing center, the better. If they have to transport scrap metal further away, they’ll likely factor shipping costs into the equation and pay lower prices. If they have a recycling and processing center onsite, you’re going to get the best deal. Look up the website of the site you’re planning on visiting to discover whether their facility includes a recycling center.

 

Green Wave Salvage & Recycling in Frankfort, NY, offers fair prices for scrap metal. They also purchase larger items for recycling, including heavy machinery, junk cars, and commercial building materials. If you have an item to sell, they will come to you in New York, Vermont, Western Massachusetts, and Northern Pennsylvania. They also help move rigs and equipment for commercial work. Learn more about the materials they accept online or call (315) 313-6700 to discuss your needs.

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