Love may make the world go round, but recycling metal is what keeps the manufacturing world turning. Mining is hard and energy-intensive work, so whenever you can reduce the demand for new metal, it’s a boon to the planet and your bottom line. But recycling metal isn’t as simple as filling a bin with old cans once a week. The salvage industry relies not only on disused consumer products but on access to industrial byproducts that may never enter the layman’s mind. Read on to explore obsolete vs. prompt scrap and their differences.(more…)
The scrap metal has seen exponential growth over the course of centuries; in fact, it’s a $29.9 billion industry as of 2020. In addition to the growing industry, there are millions of people the industry employs year over year. Included in those millions of people are CEOs, upper-management, supervisors, and every other employee. Regardless of which employee you are, you must have a solid understanding of the different materials you handle. In the scrap metal industry specifically, you’ll handle a lot of ferrous and non-ferrous materials. Whether you’re a line worker in a scrap metal facility or you own the company, you must understand ferrous vs. non-ferrous scrap metals. If you’d like to learn more about ferrous and non-ferrous metals and how they can affect your scrap metal business, we’ve got you covered; read on to learn more.(more…)
Businesses and individuals alike often forget about all the metal they have that they’re not using, which they could scrap for extra money. Whether you’re a scrap metal business, or simply an individual looking to get the most for your metal, you deserve top dollar. Keep reading to learn how to maximize scrap metal profits.
Call the scrapyard beforehand
Though most scrapyards won’t turn away business, sometimes they have to if there’s an influx of people trying to sell their metal, so it’s a good idea to call before you load your vehicle up. You also should call beforehand to get the scrapyard’s prices over the phone. While the price of scrap metal is largely influenced by market and index prices, that doesn’t mean that each scrapyard is following that trend.(more…)
North American Scrap Metal Market Price Movements
The North American copper scrap prices held steady on ScrapMonster Price Index as on June 22nd, Thursday. Aluminum and Steel scrap prices remained unchanged. Stainless Steel scrap, Brass scrap and Bronze scrap prices too recorded no variation over the previous day.
- The price of Alternator scrap remained unchanged over the previous day.
- The prices of Scrap Electric Motors, Sealed units, Starters and Xmas Lights maintained previous day price levels.
- Meantime, prices of 5052 Scrap and 6061 Extrusions remained flat at $0.60 per Lb and $0.58 per Lb respectively.
- 304 SS Solid prices remained unchanged at $0.47 per Lb over the previous day.
- 310 SS and 330 SS prices saw no variation in prices on a daily basis.
- 70/30 Brass Scrap, 80/20 Brass Scrap, 85/15 Brass Scrap and Brass Radiator scrap prices reported no change in prices on June 22, 2017.
- Brass Radiator /Fe and Brass Radiator Ends prices maintained the previous day price levels.
About the Scrap Industry
According to Institute of Scrap Recycling Industries Inc (ISRI), Scrap recycling is an $87 billion industry in the United States that annually transforms more than 130 million metric tons of scrap metal, paper, plastics, glass, electronics, textiles, and rubber from commercials, residences, and industrial sources into useful raw materials that are essential to the manufacture of new products. Last year, the U.S. scrap industry processed 77 million metric tons of ferrous scrap, valued at $26.3 billion, the most recycled material in the U.S. and worldwide. (more…)
Ferrous Scrap Imports
Ferrous scrap market has been showing signs of greater stability in early December.
The latest trade data released on Monday by the US Department of Commerce (DOC) and the US International Trade Commission (ITC) indicates that the country’s ferrous scrap imports touched 32-month high during the month of December this year. (more…)
Sept US Nickel Scrap Exports Fall
The latest statistics released by the US Department of Commerce (DOC) indicates that the country’s Nickel scrap exports were down by 6.4% in September ’14. ScrapMonster.com states, “The nickel scrap exports during September ’14 totaled 2,380 tons, down 6.4% when compared with the same month in 2013. The country’s Nickel scrap exports during September last year had totaled 2,543 tons.”
Tom Malloy, reclamation manager for Butte-Silver Bow, shows where thieves arduously torched off part of an electric hoist motor at the Mountain Con Mine. After years of pillaging, many of the city’s historic mine yards are in shambles.
Thieves’ loot historic Mountain Con Mine and sell artifacts for scrap
Thieves are pilfering irreplaceable relics out of Butte mine yards to sell for pennies. “It’s like going to the Gettysburg battlefield and stealing a cannon for scrap metal,” said Tom Malloy, reclamation manager for Butte-Silver Bow. “These are historical artifacts that can’t be replaced at any cost,” he said.
As Malloy strolled through the Mountain Con engine room on the Butte Hill last Wednesday, he pointed out all the missing parts. Copper wiring has been pillaged and various machines ravaged for parts to sell to salvage yards. Thieves take copper wire, steel and brass machine parts — things like switches and rods. The metal likely ends up in scrapyards, sold for a few dollars a pound at most.
Crews are working to restore the exterior of the Mountain Con and hope to increase the security at the same time. C. Davies Enterprises was on hand Wednesday repainting and restoring large window screens as part of the ongoing project.
View entire article and watch Video here: http://www.nbcmontana.com/news/butte-takes-action-to-prevent-stealing-from-mine-yards/27254802
Grapples, Magnets, Shears for the Demolition & Scrap Industry.
The manufacturing industry has provided the scrap recycling industry with a wide range of attachments to meet a variety of handling needs. Grapples come in all shapes and sizes to lift scrap metal and tires; magnets move ferrous scrap; buckets move finer scrap particles; mobile shears cut metal and tire scrap; and crushers pulverize scrap concrete block. And through simple hydraulic controls on the scrap handler, attachments can be opened and close.