Scrap Car Prices UK
How are scrap car prices calculated?
If you are looking to sell your scrap metal, price is going to be a big factor in your decision making. But how can you be sure that you are getting that honest rate?
This is how scrap metal prices are worked out.
Class of metal
One of the big deciders in the price of your scrap metal is actually the type of material that you are trading in. To the average person, metal may just seem like metal – but did you know that there’s actually lots of different classifications for metals? All of which determine it’s end price at the trading point. The most common two types of metals are ferrous and non-ferrous, but these can be further sorted through their properties such as their density and tensile strength. Typically, copper and brass goods carry the most value in the scrap metal trade. Alloys such as gold and silver are often worth the most – but are not so commonly recycled. It may surprise you to know that a lot of items you have lying around your home unused are actually the most sought after in scrap metal yards. Construction waste also often carries a high sell-in value, so it is well worth investigating what your scrap is worth.
Current market value of the materials
Another big determiner of price is the current market value of the material. At Reclamet, our competitive prices are designed to match and beat the industry rates. But it is worth noting that these figures can fluctuate often.
Quality of the metal
It goes without saying, but it is also important for your scrap metal to be of a good quality. Metals can usually still be recycled even if they are of a poor quality, but this can decrease their value as there will be a number of additional steps that need to be taken in order to standardise the material for recycling.
The location of the car scrap yard
Lastly, the location of a scrap metal yard may play a part in how the final price is calculated.