How to Monetize Your Scrap Metals

They say “there’s money in the trash.” Well, not literally, but you can definitely make money out of the scrap metals thrown in landfills. Scrap metals can be found almost everywhere. You might find it in your basement, your broken appliances, or even your junk car. 

Commercial scrap buyers assist in monetizing metals for businesses daily.  Commercial recycling can be beneficial not only to you but also to our environment. One of the benefits of metal recycling is the conservation of natural resources. Recycling can help minimize the collection of raw materials in forests and mines. 

Recycling metals can help reduce air and water pollution. Recycled metal is recycled more than once, so the process of recycling doesn’t consume as much energy or natural resources.  The demand for scrap metals has increased over time due to their scarcity in supply on earth. Scrap metals such as steel, aluminum, copper, and iron are used to make new products. 

Most processors pay for the scrap metal by the ton based on its commodity price or market value. Scrap metal can be recycled into a variety of materials that have good economic value including steel, aluminum, copper, stainless steel, and brass alloy. While some metals like ferrous alloys like steel, iron, and cast iron are recycled into similar products; nonferrous metals like aluminum, copper, and stainless steel can be refined to make new products. 

The prices for scrap metal depend on the type of scrap metal. Steel, aluminum, and copper are some of the most popular choices. The price for steel is currently sitting at around $140 a ton while aluminum is sitting at a little over $1200 a ton. Copper sits around the mid-range with a good price of about $502 a ton.

Processors will also pay for the scrap metal based on its weight in pounds or kilograms so you don’t have to worry about measuring it out accurately. Your business can also sell any scrap metal that it has in its possession legally. 

To make the most out of your scraps, here are some best ways to save Mother Earth while earning some real cash.

Commercial Scrap Metal that Generates Money

1. Create a collection of commercial scrap

Many businesses don’t take the time to collect scrap and discard these precious metals without understanding the value they could bring to their business.  Air conditioning companies have valuable scrap metal that can be purchased by a scrap buyer on a weekly basis which will generate revenue for the A/C company.  

There are many businesses that continue to discard scrap metal and not earn the recurring revenue to increase their bottom line at the end of the year. 

2. Sell your Scrap Metals

Another way of how you can earn money from your scraps is by selling them to scrap yards and metal experts. These institutions can collect scrap metals for payment. They use their collected metals to repurpose them — smelting them to create a whole other product. It is part of their goal of helping our environment while helping people who are in need of income.

There are specific metals that most recycling companies accept. Ferrous metals are the most commonly collected metals, which include copper, aluminum, steel, brass, bronze, tin, and cast iron.

This year is the best year to start selling your scrap metals since the demand for steel and scrap metals in the US market has been continuously increasing starting from the last months of the year 2020. The price for ferrous metals was reported to have an increase of $50 to $60 per ton.

Save the Earth While Earning Real Money

Scrap metal is a great way to make money and recycle materials in the process. 

If you have a collection of scrap metal from your business, call the professionals at Scrap Gators. They will come to pick it up and pay for its weight in cash! Give us a ring today or fill out an online form on our website. We look forward to hearing from you soon.