Recycling has become a daily routine for household and offices. People from all over the world are now opting to Recycle various things like bottles and newspapers rather than dispose them away. Recycling scrap is a major business and is a separate industry all together. Scrap metal exports is one of the largest business in the Recycling sector today.
The Recycle Malaysia industry has grown to a profitable and lucrative business over the last few years. Some of the metals that are frequently Recycled are copper, steel, iron, wires and brass.
The value of scrap
Many people fail to assess the value of scrap. Scrap can be Recycled for cash payments at any local scrap store. Right from construction companies to even regular households bring their scrap metal to the local yards and exchange for money. However, it is important to know how much money you can make for the scrap. The local scrap dealer can help you assess the real value for the metals. Some metals are higher priced compared to others. The value of scrap is determined based on the demand for that particular metal.
How is scrap assessed?
Scrap metals are basically segmented into ferrous and non ferrous metals. Scrap dealers use magnets to segregate the metals. Metals that are ferrous will stick to the magnet, while the non ferrous ones are left out. Most scrap yards will accept both the kinds of metals. However, non ferrous metals are priced higher in the scrap market. For example, steel and copper usually fetch a higher price.
What you should know while selling scrap?
A majority of people get offended to walk into a scrap yard and bargain a price for the metals. However, collecting and selling scrap can really fetch you a good price. Everything from a wire, cable, electronics and various other items will be considered as scrap.
Furthermore, always keep a magnet to determine the quality of metal that you are selling and ask for a suitable price. Scrap dealers usually have no standard prices to offer. They will be open to bargaining if the metal is useful for them. Especially when you have a lot of non ferrous metals to be disposed, the scrap dealers will be happy to make a worthwhile offer.
The Bottom Line
So if you have a lot of items to be disposed start collecting them. Segregate the metals on your own and get a rough assessment of how much money you can make. There several tools online that can help you determine the price of the scrap. Get the scrap weighed in advance. Once you take the scrap to a dealer, the dealer will give you an assessment based on the weight of each type of metal. However, you have to vigilant throughout the process, as the metals can easily get mixed up in the scrap year.
The Recycle Malaysia industry is gradually growing and besides industries and construction sites, even households are making use of this industry. Today, there are several companies that are part of the Recycle Malaysia industry and allow Malaysians easy access to scrap yards.
Last Updated on 7 months by Thanam Industry
