Are You Getting a Fair Price For Your Scrap Metal?
When you’re trying to sell your scrap metal in CT, how do you know when you’re getting a fair price? Without knowing the market, it’s hard to determine a fair price for your scrap metal.
In this post, we’ll discuss how to make sure you’re getting a price that’s fair for your scrap metal.
Check the Market
The first place to get an idea of what a fair price may be is by checking the aggregate market prices offered online. These prices are an aggregate of what is being paid across the country, so they may not reflect your area precisely, but it will give you a rough ballpark. The final price you receive depends on several other factors as well.
Ask About Grading
The first number quoted by many scrap services is the low end of the range, with higher figures coming with better quality metals. Are you bringing in mixed scrap or high-grade copper? Your final price will depend strongly on the grade of the metal, so be sure to ask about it.
Clean and Sort it
Your final price also depends on how clean the metal is and whether it’s sorted ahead of time. By cleaning the metal and sorting it by type, you’ll ensure that you get the best possible price for each class of metal, instead of getting the worst possible price for mixed, uncleaned scrap.
Pick Up Costs
Are you bringing the scrap to them or are they picking it up? The cost of picking up the scrap and returning it to the scrap service’s place of business will also lower how much you get for your scrap. If you have occasional quiet times at your shop, it may make more sense financially to toss it in the back of a pickup and have an employee deliver it to the scrap service instead of having them pick it up.
Location, Location, Location
What about the scrap service’s cost of doing business? A rural lot will pay less for scrap because it has to haul it further to market. At the same time, an urban scrap center will often pay less because of higher property taxes and wages. Try to find a suburban scrap company to get the best of both worlds.
If you’re trying to find a place that will give you a fair price for your scrap metal in CT, please contact us! With years of experience, we’ll make sure you get the best possible deal for your scrap metals.