Scrap metal prices are different. Which scrap metal price is higher?
2024-03-25
The price of steel scrap, like that of non-ferrous metal scrap, is often not stable and changes frequently. The price of scrap metal mostly depends on the demand for this raw material in the market. The higher the demand for metal in the market, the higher the price of this raw material on metal exchanges. When the price of metal increases in the metal exchanges, the purchase prices of scrap metal also increase.
Scrap metal prices are different in different countries. Information can be found on the Internet that the highest price of scrap metal is in Turkey and has been between 300 - 400 euros per ton for several years.
The price of heavy metal scrap is higher, while the price of thin and light metal scrap is lower. This is due to the higher transportation cost of light metal scrap. For example, car brake discs have a lot of weight and a small volume, so scrap car brake discs always have a high price.
The price of scrap metal also depends on other factors.
Scrap cars do not have a high price because cars have many different components that need to be recycled and sorted accordingly.
Also, the price of scrap metal can depend on how far the metal processing plant is, because the cost of transporting scrap metal is very important. In countries where there are no metal recycling plants, the highest price of scrap metal is usually at the seaport.