Why You’re Not Getting the Full Value of Your Scrap Metal

JUL 28, 2021

Why You’re Not Getting the Full Value of Your Scrap Metal

Whether you are new to the world of recycling scrap metal or you‘ve been in the business for years, there is a lot to know about recycling scrap metal. The process of recycling your scrap metal is a lot more than just gathering your scraps, bringing it to a scrap yard, and getting paid for it. When it comes to recycling scrap metal, the team at RCM Recycling is here to help! Whether you’re looking to avoid going to the scrapyard, or you just want to know the market value for your particular scraps, we do it all.

Recycling scrap metal is more than just helping to preserve our planet – you can make some serious money from it! Depending on your status of knowledge when it comes to recycling scrap metal, you may not know the ins and outs of the industry, therefore, you may not be getting the full value of the scrap metal you recycle.
If you don’t think you are getting full value for your scrap metal, here are 4 common reasons why that would happen:

1.    You’re rushing to sell
One of the biggest mistakes people make when selling their scrap metal is rushing into a sale. Like most sales transactions, you have to fully understand what you’re selling, what it’s valued at, who to sell it to, and when to sell it. There is always going to be a need for scrap metal, so don’t rush into selling it for the wrong price. At some point, there will come a buyer who is willing to pay the full value of your scraps. While it may take longer, the wait will be worth the payout.

2.    Market knowledge
Here at RCM Recycling, the biggest mistake we see people make is not knowing the market. The scrap recycling industry is currently in a recession, which means you need to be careful with the scrap metal recycling yard you are dealing with. You want to choose a yard that has a good reputation and is trustworthy when it comes to buying your scraps. There are going to be some places that will try to take advantage of you, so make sure to take your time and do research on reliable yards in the market.

3.    Watch prices
Most scrap recycling companies or yards don’t keep up to date on the prices of scrap metal. RCM Recycling has been in this industry for years and we make sure to constantly monitor the prices for all scrap metals. When you are looking to sell your scrap metals, make sure to watch the price changes for a couple of months before you try to sell.

4.    Customer service
Another major mistake we notice people make is that people don’t ask around about the customer service that each company or scrap yard offers. When it comes to selling your scrap metal, make sure to work with a company or yard that offers great customer service.

Need help finding a reliable recycling yard or looking to have your scrap metals picked up? Give RCM Recycling a call today!