Factors that influence the value of scrap metal

Recycling your metal, and being paid for it, is a great option for both individuals and companies looking to dispose of their waste legally, and responsibly. The amount of cash your scrap metal is worth though, is something that will change depending on a range of factors. So, how is the value of scrap metal determined? And how can you be sure to secure the best price for your scrap? Well, here at X-Met Metals, we are the North West’s leading mobile scrap metal merchants. From
Liverpool to Warrington, and Bolton to Ellesmere Port, we offer a professional, great value mobile scrap metal service. And this is our guide to the factors that influence the value of scrap metal.

Factors that influence the value of scrap metal

So, how is the value of scrap metal determined? And why does the value of scrap metal fluctuate? Well, there are a number of factors that have a direct influence on the price of scrap metal, as well as new metal as it is mined. These factors include:

  • Supply and demand- as with everything in life, if something is much needed, the price of the commodity will increase. The price of scrap metal is very much tied up in the UK construction industry, so when metal is much needed, and business is booming,your scrap metal will be worth a lot more. In contrast, when the economy is struggling, the value of your metal will decrease.
  • Location- in different parts of the country, different metals may be more or less common. This fluctuation will effect the price of scrap metal in different places, where scrap yards will be prepared to pay more or less for certain metals.
  • Non-ferrous metals- non-ferrous metals like aluminium and copper are the most valuable types of scrap metal. These can easily be recycled into new items, without losing their condition. Non -ferrous metal is not magnetic. So you can simply do a magnet test to see which type of metal you have.
  • Ferrous metals – ferrous metals are less valuable than non-ferrous metals, but they are still worth recycling, especially if you have large quantities of it.

Sorting your scrap metal

To get the most value for your scrap, you should look at sorting the metal into types and grades. Here at X-Met Metals, when we come to collect your scrap, we will sort it before we weigh it. This will make sure that you get the most possible money from your scrap metals, and this is not a service you will find elsewhere.

Recycling your scrap metal with us

Here at X-Met Metals, we offer a fully professional scrap metal collection service. Just get in touch and we can arrange the most suitable time to collect your scrap, from wherever you are. With professional, industrial scales in each one of our vans, we will sort and weight your scrap, on the spot. Why not get in touch today?