Scrap metal pricing can be mystifying to many scrappers, especially those new to the industry. The truth is rather complicated, but less difficult to grasp than you might think. Knowing a bit more about how scrap prices work can help you get the most for your scrap!
Like any industry, the scrap metal business can be hard to understand for outsiders. However, even many frequent scrappers (and some who do it as a full-time job) don't know exactly how recyclers price scrap metal. The reason for this is simple: determining the value of a given piece of scrap metal is complicated. Furthermore, scrap yards are often taking a gamble when they purchase scrap—especially if that scrap is dirty or corroded, or if it is a material they do not immediately recognize.
