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Tips for Understanding Scrap Metal Prices

scrap metal pricesScrap metal pricing is an important issue when considering your return on
investment for a wire-stripping machine. Copper conductors are usually
the only thing we think of when scrapping wire but don’t forget the
aluminum and steel often found in cable shielding and armor, this material
is all valuable and recoverable scrap metal.

Scrap metal prices, per pound, are generally soft after a period of
depression but so are metal inventories and particularly inventories of
copper. Metal recycling prices are driven by demand so even a small up-
tick in demand will drive the scrap metal prices per pound higher thereby
enhancing your return over the long run.

Scrap aluminum and scrap steel prices will help support the prices of
copper scrap and optimize returns on your wire stripping system. Don’t
forget the local scrap Dealer will pay you premium prices for wire and
conductors that are already stripped of their insulation and any cable

Remember, once metal is stripped of its insulation the volume of material
is smaller. It can be easily stored till metal recycling prices rise to
an acceptable price per pound. This strategy will improve the return on
investment for your wire stripping machine. Metal recycling prices alone
are not the only key to successful scrap recovery… planning the activity
and taking advantage of the price of scrap metal is also important.

Good luck in your recovery efforts and we hope this article has given you
some good pointers.