How much is scrap metal worth?

Answer

The worth of scrap metal is determined by several factors including the metal type, the amount of scrap metal and the current market value of the metal. Worth is expressed as the price a buyer is willing to pay for scrap metal; this price fluctuates with market conditions.

The price of scrap metal is determined by the law of supply and demand, as noted by ScrapMetalJunkie.com. As demand for a given metal increases, the price that buyers are willing to pay increases. The price also increases when the supply of a given metal decreases. Prices decrease when demand decreases or when the supply increases.

Aluminum, brass, copper and iron are popular metals that can be scrapped. Items like copper tubing can be sold for over two dollars per pound, as seen on Rockaway Recycling. There is also a scrap market for rare metals such as nickel and titanium. Prices for rare metals can reach as high as eight dollars or more per pound, according to Rockaway Recycling.

Q&A Related to "How much is scrap metal worth?"
1. Separate the scrap metal into different categories. Different categories of scrap metal are bought and sold for different prices; aluminum (15 to 45 cents a pound) iron (4 cents
http://www.ehow.com/how_7775212_much-scrap-metal-w...
Need to know how much weight and what type of scrap metal (steel, copper, etc. in order to provide correct answer.
http://wiki.answers.com/Q/How_much_is_a_barge_wort...
It depends on which kind of metal. Aluminum is $0.74 per pound; Copper is $2.33 per
http://www.chacha.com/question/how-much-is-scrap-m...
About $300 - $400 but check with your local yard they may want you to empty gas tank etc. regards, http://www.americanscrapmetal.com. Source(s) Experience.
http://answers.yahoo.com/question/index?qid=201107...
1 Additional Answer
Ask.com Answer for: how much is scrap metal worth
How to Find How Much My Scrap Metal Is Worth
Collecting and selling scrap metal can be quite lucrative as long as it is done intelligently. Making money from scrap metal requires careful attention to details. The prices for scrap metal depend on a number of factors such as the type of metal, the... More »
Difficulty: Moderate
Source: www.ehow.com
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