CT Scrap Metal Prices
People selling scrap metal in Connecticut know they will receive the best CT scrap metal prices at Feigenbaum and Nair Scrap Metal Processing. We can offer the best prices for scrap metal in New England because we not only follow the spot prices on the major metal exchanges, but we also forecast market prices based on macroeconomic conditions, as well as factors that cause volatility in day-to-day prices.
In addition to offering the best prices for CT scrap metal, we also offer scrap metal removal, which saves our customers the expense of transporting their scrap metal to us.
How Prices Are Determined
The prices offered for scrap metal depend on multiple factors, which means that the prices can change quickly. Some of the factors that influence the prices of scrap metals include the following:
- The global prices of the metal on the London Metal Exchange, the NYMEX, and the COMEX
- The participation of institutional buyers in the futures market
- The price of the energy required to process the metals
- Fluctuations in supply and demand for both the virgin ore and recycled metals
- Market conditions in the sectors that use the metals, such as the automobile, construction, and technology industries
The Importance of Experience
Given the complexity of the scrap metals market, a seller needs to do business with a scrap metal processor that has the experience and expertise to read market conditions to can offer the best price for the scrap metal. An inexperienced scrap metal buyer might misread a momentary drop in prices for a long-term trend and offer you a price significantly lower than what your scrap metal is actually worth.
Feigenbaum and Nair Scrap Metal Processing has been in the scrap metal business since 1925, so we know how to read and forecast the various metal markets to offer you the best price for scrap metal in Tri-State area and New England. In addition to offering the best ct scrap metal prices, we also offer scrap metal pickup and collection containers for your convenience.
If you have any questions about our scrap metal recycling and processing services, or would like an estimate of how much money you can make selling your scrap metal, contact us today!