How To Get The Best Price For Your Scrap Metal

If you read our article on the external factors that affect the prices of scrap metal across the UK, I’m sure you have been asking yourselves, how much is my scrap metal worth? There are few steps you can take to maximise the value of your scrap metal, ahead of using a recycling yard fitted with calibrated weighing systems, assuring that you are receiving the best prices on the day.

How much is my scrap metal worth?

The value of scrap metal varies depending on several factors, including the type of metal, its condition, current market prices, and the location where you are selling it.

There are two types of scrap metal:

Ferrous Metals (which contain iron):

• Steel: Commonly found in appliances and construction materials.
• Cast Iron: Found in old machinery and radiators.

Non-Ferrous Metals (which do not contain iron):

• Copper: Highly valuable and found in electrical wiring and plumbing components.
• Aluminium: Found in cans, frames and some vehicle parts.
• Brass: Used in plumbing fixtures and musical instruments.
• Lead: Found in old pipes or batteries.
• Stainless Steel: Contains chromium, used in kitchenware and medical instruments.

How to get the best price for your scrap metal?

Sort your metal

First, start by identifying and sorting your metals by type. Be sure to remove any non-metal attachments or contaminants. Clean metals fetch higher prices, so take the time to remove dirt, grease, and any non-metal parts. For copper wire, stripping the insulation can significantly increase its value.

Time it correctly

Research current market prices using online resources or apps that track scrap metal prices. Staying informed about market trends is crucial given the fluctuations based on supply, demand, and global events. Make sure to understand each yard's policies regarding payment methods, minimum weight requirements, and rates based on the amount of scrap metal.

By following these steps, you can ensure you get the best possible price for your scrap metal, maximising your profits. Overall, scrap metal prices in the UK are subject to a complex interplay of economic, political, and market factors, making them inherently volatile and susceptible to change.

To ensure that you maximise the profit from your scrap metal, we offer competitive prices that are up to date and in line with the best available rates. Using our calibrated weighing systems, you can be assured that you are receiving the best prices H&S Metals can offer on the day.

 

If you’re based along the south coast, come to H&S Metals to make money from your scrap metal. We have yards in both Portsmouth and Bishops Waltham. We are registered waste carriers, and offer a scrap metal collection service to domestic, commercial and construction customers, offering free, same day payments for our customers. Find out more about how we recycle metal and which metals we offer to buy.