Scrap Metal Recycling: A Couple of Tips To Boost Your Profit
One thing to note about the scrap metal industry is that it is always facing fluctuating prices. As such, you cannot have a definitive figure when it comes to estimating what your scrap metal is worth. Nevertheless, this does not mean you cannot make a profit from your scrap. What you would have to do is ensure that you are making the most of the scrap metal that you have, to get the best value once you take it to a scrap yard. Newbies to scrap metal recycling tend to be under the assumption that simply taking pieces of scrap to the metal yard will garner them money. The truth is there are a number of things that you should do to get the best price. The following are some of the tips that you can use to boost your profit when recycling scrap metal.
Tip 1: Ensure all the scrap metal has been prepped
Prepping your scrap metal is not mandatory, as the scrap yard can still do this on their own. However, leaving this prep work to the scrap yard means they are expending energy and using time valuable time and this will knock off a significant amount of money off the value of your scrap. So what does prepping entail?
For instance, if you are looking to recycle copper wire, you should take the time to strip it. Since the scrap metal recyclers will not have any used for the insulation layer, there would be no point in taking your wires still enclosed by the insulation layer.
Tip 2: Separate your scrap metals
Another thing some people may take for granted is separating their bundle of scrap. This may seem like a tedious process, but it can be quite lucrative in the long run. The first thing you should note is that some scrap metal yards will prohibit the separation of your metals while on site. This is largely because you could start holding up service to other clients and this would be bad for business.
Secondly, not separating your scrap can cause you to fetch a lower price for all your scrap metal. For example, if some of the scrap metal consist of low-grade metals, the scrap yard could decide to price it according to the lowest grade of metal since the entire bunch is not separated. Therefore, it would be in your best interests to embark on the separation process before you decide to take your scrap to the recycling yard.