WHAT AFFECTS THE PRICE OF SCRAP METAL?

WHAT AFFECTS THE PRICE OF SCRAP METAL?

You might notice that the value of metal can fluctuate. But why is that? Ultimately, it comes down to a few key factors. 

 

 

FERROUS VS. NON-FERROUS METALS 

Knowing the type of metal you have is the first step in figuring out how much you could get paid for your scrap metal. Generally, non-ferrous metals are of higher value to scrap metal buyers. However, large quantities of ferrous metals also have a good chance of selling.  

Ferrous metals contain iron. They may be mixed with other metals to achieve different desired properties, depending on the intended use of the metal. For example, stainless steel is an alloy of iron, nickel and chromium. Due to the chromium, the stainless steel is highly resistant to corrosion, making it a perfect metal for kitchenware. 

Some examples of ferrous metals include: 

  • Stainless steel 
  • Cast iron 
  • Carbon steel 

Non-ferrous metals do not contain iron and they are sought after because they typically don’t rust or corrode. A few examples of these metals are: 

  • Brass 
  • Tin 
  • Copper 
  • Aluminum  
  • Lead 

 

Tip: You might be wondering how to tell if your metal is ferrous or non-ferrous. Simply holding up a magnet to the metal will give you an indication of the answer; ferrous metals are typically magnetic.  

 

QUANTITY OF METAL 

Quantity is everything, especially for ferrous metal. You’re much more likely to negotiate a higher price for a whole bin full of metal rather than a few separate kilos. This is because buying in bulk is more convenient and reduces the transportation cost for the scrap buyer.  Building up the quantity of your scrap metal before selling it is an ideal way to get the most money from your scrap.   

  

QUALITY OF THE METAL 

The quality of the scrap metal also affects its price. If, for example, it is attached to insulation, then the scrap buyer may not be willing to pay as much for it because they will need to remove the insulation themselves.  

There are other quality factors to consider, too: 

  • The purity of the metal – is it an alloy? Purer metals are typically worth more. 
  • What kind of scrap metal is it? Sheets and casting are specialty metal scraps and often pay better than random scraps. 
  • Is the metal corroded? Often, corroded metals attract lower prices. 

 

At Manville Recycling we collect both ferrous and non-ferrous metals. Give us a call today to discuss your recycling needs – as no job is too big or too small for us.

Latson Echeverria

"Our experience of working with Manville was always delightful due to their high level of professional skills, courteous attitude and quick response. Their crew manages proper timing for arrival and picking up and every time we get paid promptly. Write us in as happy customers."
2014-03-27T10:12:14-05:00
"Our experience of working with Manville was always delightful due to their high level of professional skills, courteous attitude and quick response. Their crew manages proper timing for arrival and picking up and every time we get paid promptly. Write us in as happy customers."

Bunn Dierking

"We wanted to say thank you for the great service as we were in search of some reliable scrap metal buyers. Your company offered us all what we were really looking for regarding price and prompt action."
2014-03-27T10:11:52-05:00
"We wanted to say thank you for the great service as we were in search of some reliable scrap metal buyers. Your company offered us all what we were really looking for regarding price and prompt action."

Nagle Jusino

"Manville Metal Recycling Scrap Metal Recycling Toronto was attentive and professional. I recommend this business to anyone needing to get rid of scrap metals. They have always provided me excellent service and prices."
2014-06-02T04:53:21-05:00
"Manville Metal Recycling Scrap Metal Recycling Toronto was attentive and professional. I recommend this business to anyone needing to get rid of scrap metals. They have always provided me excellent service and prices."

Platz Gilleland

"I want to thank you for the professional way Manville Recycling handled the processing of my scrap. I have a business relationship with Manville Recycling for over 10 years. And I am proud to do business with the leading scrap metal dealer in Toronto. Manville Recycling is no doubt the best."
2014-06-02T04:52:51-05:00
"I want to thank you for the professional way Manville Recycling handled the processing of my scrap. I have a business relationship with Manville Recycling for over 10 years. And I am proud to do business with the leading scrap metal dealer in Toronto. Manville Recycling is no doubt the best."

Massaro Wilford

"After knowing the facts and figures about how much we save in case of dealing with you for scrap metal issues my boss praised my idea. We are fully satisfied with your services and please convey this thank you note to your crew for the excellent handling of their tasks."
2014-06-02T04:52:18-05:00
"After knowing the facts and figures about how much we save in case of dealing with you for scrap metal issues my boss praised my idea. We are fully satisfied with your services and please convey this thank you note to your crew for the excellent handling of their tasks."

Nancy Mendonca

"The helpful and courteous staff at Manville Metal Recycling helped me turn some old items into extra cash!! If you have any form of scrap metal to recycle, be sure to pay them a visit to get top dollar. Thanks Manville!!!"
2014-06-02T04:47:03-05:00
"The helpful and courteous staff at Manville Metal Recycling helped me turn some old items into extra cash!! If you have any form of scrap metal to recycle, be sure to pay them a visit to get top dollar. Thanks Manville!!!"

Kevin B.

"These guys helped me sort my scrap so I got maximum value, thanks guys!"
2014-06-02T04:54:50-05:00
"These guys helped me sort my scrap so I got maximum value, thanks guys!"

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"Excellent quality service and reliability. Manville Metal Recycling provides the safe and environmentally friendly recycling of scrap metal. Best one scrap metal recycling industry."
2014-06-02T04:54:00-05:00
"Excellent quality service and reliability. Manville Metal Recycling provides the safe and environmentally friendly recycling of scrap metal. Best one scrap metal recycling industry."