It may seem obvious, but the very first step in figuring out how to accurately price our scrap metal is to properly identify it. With scrap falling into hundreds of different ferrous and non-ferrous categories, simply guessing that “The red stuff is copper” or that “These car parts are steel” isn’t going to get very close to our scrap’s true value.
A good place to start is with the properties and specification section, which includes comprehensive materials profiles and other reference documents.
If we are in possession of a crate of Monel 400 scrap, we can find out the composition of Monel 400 (about 67% Ni and 23% Cu by weight) and price the Ni and Cu in the alloy separately.
Portable hand tools can identify the composition of unknown metals with surprising accuracy and speed. XRF (X-ray fluorescence) analyzer can be carried into the field and relied upon to give accurate measurements of even trace impurities in scrap metal. Make sure to invest in the best tool we can afford so that we can trust your instruments without question.
Though our buyer won’t care, we’re going to have to eat the costs of ensuring our scrap is in saleable condition. Scrap dealers and mills will only accept scrap that is relatively clean and free of corrosion, so we may need a method of cleaning your scrap before delivery. We may experience difficulties in collecting and transporting the scrap, which can have an especially big impact on your profits on lower-value scrap.
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