Scrap Metal Prices UK
Metal prices fluctuate according to worldwide markets and this is reflected in the prices we pay. To ensure that you maximise the profit in your scrap metal, we offer competitive prices that are up to date and in line with the best available rates.
Your scrap metal will be weighed on our electronic weighbridge and we provide you with a printed receipt detailing the weight of your metal and the current rate.
We currently offer payment by cheque, BACS and same day transfers.
*Scrap metal prices change on a daily basis. The above prices are based on estimates per tonne. If you have any questions or want to get the latest prices give us a call on 02392 755900.
How can you get the best scrap metal prices?
The price of scrap metal changes on a daily basis. Scrap metal prices are based on manufacturer needs and accessibility to stock. The scrap metal price increases if a manufacturer requires more of a certain commodity.
Scrap metal grading and its effect on prices
Scrap metal prices are affected by the grade of the metal. Metals have different classifications that make it a higher or lower grade, we’ve provided some extra information below about the different grades.
Grade 1: The metal has no associated alloys within the material. There should be no corrosion associated with the scrap metal and it should be of a certain size and diameter.
Grade 2: Metals are generally made from alloy with the primary metal being the metal you want to scrap. i.e. Grade 2 copper is generally 99% pure, while Grade 1 copper is 100% pure. Metals must be clean of any foreign contamination to reach the highest level grading (getting the best scrap metal price).
How to get current scrap metal prices
The London Metal Exchange (LME) gives an indication of metal prices in dollars for the day as well as histrical data. We would always recommend calling your local scrap yard for the daily prices.
When will scrap metal prices go up?
Scrap metal prices in the UK are affected by many external markets. Exports of cheaper Chinese steel have historically been blamed for pushing down the UK scrap prices. The Turkish TSI index is a key benchmark of global trade and although in recent years there have been increases it’s not where it was back in 2007-2008.
That being said as recent as August / September 2017 we saw a spike on the LME prices for steel, so we would suggest keeping an eye out on the markets to get the best scrap metal prices.
What scrap metal can you sell at H&S Metals?
We purchase all grades of ferrous and non-ferrous metals. We currently cannot provide vehicle scrapping as a service. To see a full list of scrap metals and examples of items see our metal recycling page.