Getting rid of some scrap metal can be very lucrative if you do a little research about scrap prices. There are a few things that affect how much you will get for your scrap metal that you need to know. Understanding what conditions will affect how much you metal is worth can help you to get top dollar for your scrap.
Scrap metal prices will fluctuate as the market fluctuates, this means that everyday a new value is assigned to a given metal. The price or the value today may or may not be the value of scrap tomorrow. In fact, the market can change from one hour to the next although in absence of a horrific event the change is typically small from hour to hour.
What Effects the Value
There is a litany of events that can affect the value of scrap metal. While the market prices play a big role in how much you can expect to be paid that is not the only factor that is going to effect the value of your load. Other factors include:
The size of the yard that you are doing business with
How much weight the scrap yard processes
How much weight you have
The larger the scrap yard and the more weight they process the higher the likelihood that you will receive top dollar for your scrap. When a recycling/reclaiming facility processes a great deal of metals their overhead is lower so they can afford to pay you a little more for your scrap.