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How do scrap metal prices work?

Expert answer from Scrap Metal Buyers — 30+ years in industrial surplus. Call 954-488-0700 for a free quote.

Answer

Scrap metal prices fluctuate daily based on commodity markets. Base metals like copper and aluminum track the LME (London Metal Exchange). Specialty alloys like Inconel and titanium are priced based on their constituent elements (nickel, niobium, titanium) plus a premium for the alloy form.

Why This Matters for Your Business

Understanding the answer to "How do scrap metal prices work?" is critical when you're dealing with surplus scrap metal buyers. Many businesses leave significant money on the table by not knowing the true market value of their equipment or by going to the wrong buyer. We've been in this business for over 30 years and have seen every situation — let us help you get the best outcome.

Whether you're a plant manager dealing with a facility shutdown, a contractor with leftover materials from a cancelled project, or a business upgrading your equipment, the key is to call a specialist before making any decisions. We provide free, no-obligation quotes and can often give you a verbal offer on the spot.

Related Questions

What scrap metals do you buy? +
We buy virtually all types of scrap metal including copper, aluminum, stainless steel, nickel alloys (Inconel, Hastelloy, Monel), titanium, cobalt alloys, tungsten carbide, and precious metals. We specialize in high-value industrial alloys but buy all metals.
How do I get the best price for my scrap metal? +
The best prices come from clean, segregated material. Keep different metals separate, remove non-metallic attachments where possible, and have the alloy identification ready if known. Call us before going to a local scrap yard — we often pay significantly more for industrial alloys.
Do you buy small quantities of scrap metal? +
Yes — we buy scrap metal in any quantity, from a few pounds to multiple truckloads. For small quantities of high-value alloys like Inconel or titanium, the economics work well even for small lots.
Can you pick up scrap metal from my facility? +
Yes — for large lots (typically 1,000 lbs or more), we arrange freight pickup at no cost. For very large lots, we can send a crew to your facility to sort, weigh, and load the material.

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