07 Jun What Dictates the Price of Scrap Metal?
If you’re looking to make a little cash, you should consider recycling some of your metal items. Metal recycling facilities near Riverside will provide monetary compensation in exchange for the vast majority of your metals, regardless of how big or how small they are.
Wondering what kind of monetary return you can get for your metals? It depends upon a number of factors. Curious as to what these factors are? Then read below! We’re going to review them.
Factors That Dictate Scrap Metal Prices
There are a number of different factors that affect the prices of scrap metals. The most prominent of these factors will be reviewed below.
Quality of Scrap
One of the biggest factors in determining the price of scrap metals is the quality of the scrap in question. For instance, whereas some coppers are worth around $1.50 per pound, other coppers are worth around $1.00 per pound.
The state of the scrap metal in question can impact its price as well. In other words, clean, untampered metal is generally worth more than contaminated metal.
Another factor that influences scrap metal prices is geography. At a given time, an area could have more of a need for a specific metal than what another area has. Because this area needs this specific type of metal more desperately, recycling centers in that area will likely pay more for it.
Time of Year
The season also typically has an impact on scrap metal prices. In particular, metals submitted to recycling centers during the winter months generally see a larger monetary return than metals submitted during the summer months.
This is because the weather conditions are worse during the winter, and scrappers aren’t submitting metals on as frequent a basis. As a result, recycling centers have a higher need for metals, and are generally willing to pay more to get their hands on them.
Scrap Metal Estimates
While scrap metal prices fluctuate over time, they generally stay within the same monetary ballpark. We’re going to illustrate this idea below by providing some rough estimates for the various scrap metals.
One of the most recycled metals, iron yields a monetary return of around 6 to 10 cents per pound. These figures might seem low to you. However, because iron is so easy to get ahold of, its value is lower than other metals that are not as plentiful.
Stainless steel is the most recycled material in existence. Because of this, it yields a small monetary return of between 20 and 30 cents per pound.
Aluminum isn’t recycled as commonly as iron and stainless steel, but it is still recycled on a fairly regular basis. As such, it’s generally worth a return of between 30 and 50 cents per pound.
A scarcely recycled metal, brass usually yields a monetary return of around $1.60 per pound. If you have a big bunch of brass, you can make a substantial amount of money by submitting it to a metal recycling center.
Like brass, cooper is scarcely recycled. For this reason, its submission is worth a decent amount of money. Non-insulated copper generally sees a return of $2.65 per pound. Insulated copper, on the other hand, generally sees a return of 90 cents per pound.
Recycle Scrap Metal in Riverside, Illinois
If you have metal items that you’re looking to dispose of, you should consider recycling them. Regardless of the sizes and the types of your metals, they can be submitted to your local metal recycling center in exchange for cash.
Looking to recycle metal in Riverside? If so, Central Metal Recycling is the company to call. We accept all of the metals reviewed above, exchanging financial compensation for all submissions.
Contact us now to get the recycling process underway!