Salvage Metal Trends to Know Before Selling Your Scrap Metal

Something increasing in popularity is finding and selling scrap metal. This is an option you may already do to bring in extra money to your home. If you have considered increasing the amount of scrap you collect and selling your scrap to a reputable scrap metal buyer, then you should know some things. Discover a few of the scrap metal trends that may shape how much you receive when you sell your scrap.

Global Market and Imports

When you want to recycle scrap and get paid for that recycled scrap, one of the key newsworthy points to keep in mind is the global market. Specifically, you should make sure you follow global market trends that deal with imports. Many countries import scrap metals from the United States. However, these import regulations could change.

For example, a country may import large amounts of scrap metal for an extended period of time. However, due to new rulings on imports and exports as well as tariffs, the country may decide to no longer import specific metals. 

An example of this would be if a company imports steel metal scrap. If a tariff now applies to those imports on steel, the country may decide that importing it is too expensive and discontinue accepting steel import. You need to be aware of these and how they deal directly with the type of scrap you recycle.

Sustainability of Metals

The sustainability of metals is a global concern, especially for the United States. Several metals and scrap options, including electronic scrap, may be increasingly difficult to recycle.

For example, electronics scrap may have several metals eligible for scrap metal recycling. The problem may come down the line where the recycling of those particular metals becomes unsustainable and an environmental concern. When this happens, the demand for these metals in the scrap and recycling industry can fall.

When the demand falls, so does the price for those metals and the price that you receive for recycling them. If you are concerned about specific metals or electronic recycling, contact your local scrap metal company. They can discuss the options with you and if they currently take electronic scrap or e-waste.

Environmental Concerns

Many people are concerned about the environment when they recycle scrap metal. However, many nations and recycling companies have developed ways to stay environmentally friendly during the recycling process. This means that not only is the process itself based on reduced emissions, but it is also based on reducing waste that would go back into the environment from the recycling process.

With this in mind, many scrap metal buyers and recycling companies may reduce the amount of money you get in order to cover fees to maintain environmental regulations during recycling. The key to remember with this is it will greatly depend on the type of scrap yard recycling and if it falls under these environmental concerns.

You may want to stick to specific types of scrap metal that do not have environmental issues. For example, stainless steel, copper, and metals in daily appliances such as dishwashers and washing machines would be more ideal than rare metals or metals in electronics that require more steps to recycle the item.

When you are ready to sell your scrap, contact Big Daddy Scrap. We can work with you to buy your eligible scrap. We can also discuss a routine day and time for you to bring in scrap. If you are concerned about pricing or how much you may receive for various types of scrap, we can discuss that with you during an initial phone call. We look forward to hearing from you.