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What determines the value of scrap metal? Dallas, TX

What Determines the Price of Scrap Metal?

Scrap metal price is determined by the type of metal, location, quantity, and current market value. Copper sells for more than aluminum; scrap metal sells for more here in Dallas than in Mumbai, India; and a ton of scrap metal will sell for more than a few pounds.

As for current market value, you can follow the “spot price” of a given metal. Spot price is the price that companies pay for pure ingots of a metal. Kitco offers several helpful charts showing the current and historical market spot price for various popular metals here: http://www.kitcometals.com/charts/copper.html

Scrap metal categories determine price

Copper, lead, stainless steel, and most of the other metals we recycle fall into various categories that are used to determine value. Copper can be subcategorized into Bare Bright Copper, Copper #1, Copper #2, Copper #3, for example. Aluminum can be subcategorized as Cast Aluminum, Sheet Aluminum, Aluminum Cans, Extruded Aluminum, and the list goes on. Sometimes these subcategories are obvious, but sometimes there can be some controversy. One scrap metal recycler may classify your copper as Bare Bright Copper, while another classifies it as Copper #1. One may grade your metal as cast aluminum, while another grades it as “pot metal”—which is worth about 40% less!

For more information about scrap metal categories, take a look at our “Metals We Buy” page.

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How to Get Started as a Scrap Metal Recycler - Dallas, TX

Looking for Extra Income? Think About Scrap Metal Recycling

Not only is scrap metal recycling a responsible thing to do as natural resources become depleted, it can also be a profitable endeavor for scrap metal recyclers. Businesses often find it more profitable to create products from recycled materials, and a scrap metal recycler forms a valuable link in the supply chain to divert these materials from landfills back into the manufacturing cycle.

First, find your scrap metal:

In most cases, you’ll be looking for metal—anything from aluminum cans to old pipes to electrical wiring. But Encore Recyclers also takes e-waste, such as cell phones, computer circuit boards, and other electronic materials. We also accept neoprene, a rubbery product manufactured by Dupont to make scuba suits, cases for electronics, and medical braces.

If you’re a business, think about collecting unwanted objects from your offices or clients to recycle. Plumbers, general contractors, and carpenters will often find used appliances, metal pipes, discarded siding, and other pieces of metal that are suitable for recycling. As an individual, think about recycling broken bicycles, metal tools, and old appliances. In Dallas, it’s popular for people to pick up scrap materials on bulky trash pickup day. You can find the bulk trash pickup day for any given neighborhood here: http://dallascityhall.com/departments/sanitation/Pages/brush_and_bulky.aspx

Encore Recyclers will accept almost any metal object, as long as it does not contain dangerous chemicals or is radioactive.

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