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How is the value of scrap metal determined?

If you’re a metal merchant or tradesman seeking the right price for your scrap metal, you’ll be keen to know when it’s the right time to get top value for your scrap materials.  With the commodities market and stock market fluctuating by the minute, it’s understandable if you’re not quite sure how it all works.

Within this article we’ll discuss the key factors that determine scrap metal prices, helping you to understand the industry that little bit better and appreciate the way in which these factors can influence one another.

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What is a metal scrap yard?

A scrap yard for metal items pays competitive fees for ferrous and non-ferrous scrap metals, as well as scrap vehicles that are no longer roadworthy.  Metal recycling is big business; it’s not only an easy way for people to make a little extra cash by selling used metal for recycling, the recycling process itself is good to the wider environment too.

If you’re unsure of how a scrap yard works, what the process of recycling scrap metal involves and what to do upon arrival at a scrap yard, this article should give you all the information you need to know to use metal scrap yards responsibly.

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What are the benefits of aluminium recycling?

Undeniably the most significant benefit of recycling aluminium is that it can be recycled an infinite number of times, making it the ideal material for meeting the needs of both demanding industries and those wishing to preserve the wider environment.

As well as being infinitely recyclable, aluminium is wholly recyclable too, with the whole metal able to be melted down and reformed repeatedly without losing any of its material qualities.  In fact, since the initial production of aluminium in the late 19th century, it’s alleged that around three quarters of all material produced then is still in use today!

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What is commercial waste?

Commercial or business waste is derived from a business premises that’s used predominantly for trade, sport, entertainment or recreation.  It does not encapsulate industrial or household waste; only waste created from any type of commercial activity.

Commercial waste also incorporates refuse created following gardening and building work on a residential property, providing the individual undertaking the work is not the homeowner.

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4 top tips for businesses undergoing a site clearance

Prior to the commencement of any new building or landscaping work on your premises, it is vital that the current site is cleared thoroughly and with safety uppermost in mind.

It’s important that you comply with all relevant health and safety legislation to ensure any waste is removed and transported with the utmost care to ensure disruption to the wider environment is kept to an absolute minimum.  Although you will need to be thorough in your preparation, your chosen site clearance contractors will no doubt undertake a risk assessment of your premises themselves, ensuring their staff are aware of the on-site dangers before the hard work begins.

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