Scrap metal recycling enables you to contribute to the environment and place extra money into your business. By making recycling a choice, you also make your community a healthier and safer place to live. The recycling of scrap metals is practiced by both businesses and individuals. Rather than pitching metal appliances and parts, it is more cost-effective and ecological to turn them in for cash.
Making an Ecological Contribution
When you sell scrap metals, you assist in preserving the world’s natural resources. Recycling scrap cuts down on the mining of ore. Instead, manufacturers use metals that have been recycled to produce new products. When you make this type of contribution, you are preserving the natural balance of nature. Recycling metal also lowers emissions, air pollutants, and water use.
Accepting Metal for Cash
Because metal is flexible and versatile, many types of metals can be repurposed times several without losing their integrity or unique properties. As a result, it just makes better financial sense to choose recycling over mining. That is why scrap metal recycling is a popular business. Accepting metal for cash includes the receipt of ferrous and non-ferrous scrap metal in Colchester.
The Types of Metals That Are Purchased
Scrap metal values are contingent on the type of metal and its present market value. Whether a car is scrapped for metal or you can offer scrap metal materials, you can obtain a top price for the following metals:
- Scrap copper
- Scrap batteries
- Scrap iron
- Scrap steel
- Scrap aluminium
The Differences between Ferrous and Non-Ferrous Metals
Whilst ferrous metals mainly contain iron, non-ferrous metals are not composed of iron and are not magnetic. Typically, they are more resistant to corrosion than ferrous metals. Ferrous metals are represented by cast iron and light iron when they are sold as scrap.
Some of the Current Metal Values
When customers sell metals, pricing is always foremost in their minds. By knowing the value of certain metals, you can obtain a better return and focus on saving the metals that are worth more in price. Currently, copper is the best metal to sell if you want a higher return. Whilst copper prices are higher, aluminium pure cuttings and aluminium cans come in at a distant second and third. Lead batteries and steel also are also recycled for cash. However, the return is much lower.
Ferrous Metal Pricing
When ferrous metals are sold, they are priced and sorted by grade. For instance, metals of a 4C grade are sold for the highest price. OA heavy grade and Grade 10 follow closely in second and third place respectively. You can also get a decent price for 7C grade ferrous scrap, although the price is lower than the other aforementioned grades.
The Ways Payments Are Made
Due to governmental restrictions, scrap metal yards cannot remit direct cash payment for scrap metal. Instead, payments for scrap metal are paid through bank transfer, through a debit card, or by writing a cheque. Businesses and individuals still receive the same market rates. These payment methods are considered more secure.