Selling scrap metal can be lucrative for both individuals and businesses that have a large amount of scrap metal in their possession for one reason or another, like the leftover materials from a home renovation. Just like with the price of gold and other precious metals, scrap metal prices fluctuate daily based on a number of factors, which we’ll cover below! If you have any additional questions about scrap metal recycling or if you’d like to find out how much your scrap metal is currently worth, please contact Middleboro Recycling at (508) 946-2383 or visit the pricing page on our website!
Seasonality
The price of scrap metal can fluctuate based on the time of year. Typically, demand is much higher in warmer months when construction projects are in full swing, and lower during the colder months when such projects slow down. Keeping an eye on seasonal trends can help you choose the right time to sell.
Supply and Demand
Like any commodity, scrap metal prices are directly influenced by supply and demand. When demand is high and supply is low, prices tend to rise. Conversely, when there’s a surplus of metal or reduced demand, prices can drop. Monitoring these shifts can help you plan when to sell your scrap for the highest return.
Energy and Production Costs
The cost of energy and production also has a significant impact on scrap metal prices. High energy prices make it more expensive to process and recycle scrap metal, which can lower scrap metal selling prices. Similarly, when production costs are lower, you might see scrap prices go up.
International Trade
Scrap metal prices are often affected by international trade policies and tariffs. If exporting scrap metal becomes more expensive or restricted, prices could fall domestically. Conversely, a strong international market for scrap can lead to higher selling prices.
Quality of the Scrap Metal
Not all scrap metal is created equal. The quality of the scrap plays a big role in how much you can get for it. Clean, high-grade metal will always fetch a higher price than mixed or contaminated materials. Be sure to sort your scrap metal before bringing it to a scrap metal recycling facility, as doing so can increase its value!
Price of Newly Mined Metals
The cost of newly mined metals often impacts the price of scrap metal. When newly mined metals are expensive, manufacturers might opt for recycled materials, increasing the demand and price of scrap metal. Conversely, if new metals are cheaper, scrap prices might fall.
Get The Best Scrap Metal Prices in Massachusetts at Middleboro Recycling!
If you’re looking to sell and recycle scrap metal in Southeastern Massachusetts, please contact our team at Middleboro Recycling Center today! We pride ourselves on offering the best scrap metal prices in the region! Give us a call today at (508) 946-2383 or fill out the contact form on our website, and we’ll get back to you as soon as possible! If you’re wondering what your scrap metal is currently worth, check out the pricing page on our website!