If you have scrap metal, you may be wondering what are my options. The traditional route of course is to go to a scrap metal facility, which may be your best option, depending on what you have. Below I will discuss the various channels you can consider to sell scrap metal and share my experience with the place who buys scrap metal near me.
Who Buys Scrap Metal Near Me – Locator Map
If you are in search of “Where to Sell Scrap Metal Near Me”, or “Who Buys Scrap Metal Near Me”, the map below will have some of your local options.
Now is the time to be a scrap seller. There is a domestic boom in selling ferrous metals, you can read more about it here.
Where To Sell Scrap Metal Near Me?
The most obvious choice for where to sell scrap metal near me of course is scrap metal facility. You probably know that already. If you have traditional metal scrap like aluminum, brass, copper, iron, steel, stainless steel etc…it is a no brainer. It is also an option for non working appliances like a washer/dryer, refrigerator, or a dishwasher. If you have a junk car that is truly only worth the price of scrap metal then go to a scrap metal yard.
To make the most money on your scrap you need to consider where you are selling it. If you are in a rural area, you may not have a lot of options, which may lower the payouts. In an urban or suburban area there is competition for your scrap so the payouts may be a little better. The place who buys scrap metal near me is right outside a city and is in heavy trade area. That means there are tons of places to go to, mostly near shipping ports for trains and boats. So the thing to do is all around see who is paying what on any given day.
How Does Selling Scrap Metal Work?
Metal type and the amount you have of it (weight) are the determining factors for the amount of money you will get. The prices fluctuate daily based on the metals commodity market which moves up and down based on supply and demand. Another factor is where you are, states have different rates when paying for scrap.
None of this changes the fact that the more weight you have in metal, the better your payout. What it means though is that one month could pay significantly more or less then another depending on what the market is doing.
Ferrous metals bring in the lowest value, but are the most easiest to scrap, while non-ferrous metals often have a higher payout. There is also e-scrap which is high paying, but really difficult to collect in quantities. You can look at a price chart for the current value of traded metals and see the rates for what you have. Another good option is Iscrapp where you can see current prices in your local area.
Here is a quick metals break down:
- Ferrous Metals: Cast iron, and iron and generally if a magnet sticks is ferrous
- Non-Ferrous Metals: Copper, aluminum, stainless steel, brass, and bronze
- E-Scrap Metals: These are found inside of electronics and have precious metals like silver, gold, and platinum
How Much Money Can I Make?
In my experience the place who buys scrap metal near me pays $190 per ton (2000 pounds) for ferrous metals. so roughly about $10 for $100 pounds. Now copper on the other hand which is one of the best metals to scrap pays $8,000+ per ton. So that is $400 per 100 lbs.
As you can see cooper is one of the best metals to sell. It consistently pays high between $2 and $4 per pound and you can find it in wiring, tubing, pipping and scrap. In the business the saying is “Copper is king”.
Will They Pick Up It Up or Do I Need to Haul It?
In my experience you are going to need to haul your scrap metal to them. That is the sure way to get paid for your metal. If you don’t have a truck or a means to transport it, renting one may not be worth the money if you don’t have a lot of weight in scrap metal.
They may be willing to come pick it up, but that more then likely means they aren’t going to pay you. Additionally for them to come and pick it up you must have a significant amount for them to come get. For example they aren’t going to pick up your refrigerator, washer and dryer. However if you demolished a mobile home, maybe.
It never hurts to call your local scrap metal place or check their website to see, but likely you need to do the hauling to get paid.
If You Have Something Other then Scrap Metal…
If you have working appliances or perhaps an appliance that could be fixed. You “possibly” could get more money elsewhere. If you have an appliance such as stainless steel refrigerator, sink, oven, washer dryer, and microwaves, you can consider options for how to sell old appliances. At a scrap place You are likely gonna collect about $10/100 lbs. So your average fridge weights between 180 and 360 pounds, so even on a day where the market is up and you have the heaviest fridge $50 may be the max value.
Another time I wouldn’t go to a scrap yard first is for a vehicle. Some people think a junk car, truck, rv, motorcycle, or aluminum boat automatically goes to the scrap yard. In some instance I would agree however if that car still runs or has valuable parts, you can negotiate a higher sale price at a salvage yard. You can also negotiate a tow along with selling the vehicle…that’s a win win.
Who Buys Scrap Metal Near Me – Wrap Up
So that’s the basics of where to sell scrap metal and how it works. Your key take-aways are that for ferrous, non-ferrous, e-scrap, and non working items a scrap metal facility is your best option. The price you get will be determined by the weight of the scrap metal and the type of material it is. Each type of material fluctuates in price daily based on supply and demand. For most folks, copper is the real money getter with consistently high prices and plenty of it to find and collect.
Most places will not come and get your stuff, you will likely need to haul it the scrap facility. If you are just looking to get rid of stuff like appliances or an old car you may want to consider other options the a scrap yard.