If you have been accumulating a lot of stuff over the years, you may have run out of room at your place. Your garage, shed and backyard may be full of many interesting and diverse objects, but surely it's time for you to clear everything up. In order to start this process, you will need to find out how much money you can make for a lot of the scrap metal and will be interested in finding out how this is determined. What do you need to know? Are you sitting on a goldmine?
Where to Begin
To find out where you stand, you will need to talk to a recycling expert who can help you to make a calculation. There are several different factors to take into account but, primarily, the volume of the scrap will be the most important factor. In fact, you may have so much scrap metal in your possession that you may be able to sell it in bulk to a dealer and may have a certain amount of bargaining power as a result.
You will need to segregate the scrap and sort it out according to its quality, as this is another important consideration. Rust and corrosion will not help in any way, and it may be worth your while to clean up the remains to make sure that the metal is in good, saleable condition. If the dealer has to do this for you, your price will be lower.
Time of Year
If you can afford to wait, it may be worth your while doing so, as certain types of scrap may fetch a better price during specific months. Copper, steel and aluminium may be in high demand during the summer, for example.
If you find a really good recycling source, then you may be able to take advantage of demand in the international market. Some countries may be experiencing a boom in demand, and developing nations may be able to offer a better price for certain types of scrap metal. On the other hand, demand may be lower across Australia at the moment, especially if there is a slowdown in the construction industry. If this is not a valid destination for your scrap metal, then the offered price may be somewhat lower.
Contact scrap metal recycling companies to learn how you may fare. You may be pleasantly surprised at the estimate you are given.Share