Scrap metal prices are moved by forces that remain mysterious to most consumers. T&S Automotive is a metal recycling center in Thomasville, NC, and, according to them, prices are set by many different factors that are mostly hidden unless you know what to look for. While they can’t tell you exactly how much you’ll get from any given scrap yard, they’ll help give you an idea of what to expect.

Here, they outline the main factors that you can monitor at home to get a better idea of current scrap metal prices:

• Industrial Demand: If industrial buyers across the world are scrambling to stock up on aluminum for construction projects, it will net you higher scrap metal prices when you turn in your car. Higher demand from industries that need the metals drives up the price.
• Timing: Certain seasons will bring higher or lower prices, as metal use will rise and fall for certain industries at different times of year. Construction, for example, tends to dip during the winter.
• Region: Scrap metal prices change depending on where a metal recycling center is located. Being near major ports or shipping centers reduces a scrap yard’s cost to sell their metal, so these yards can make better offers.
• Foreign Development: An uptick in demand for metals in foreign countries like China and India, which are developing rapidly, raises the demand. Watch countries that are industrializing to find out what metals might soon be in higher demand.
• Stock Market: If the stock of a global construction supply company or a car manufacturer drops, prices for construction metals may fall as well. In modern markets, prices of companies, commodities, and supplies are all interconnected.

These are only a few of the biggest factors. For more, talk to the experts at T&S Automotive in Thomasville, NC. They offer cash for cars, scrap metal, and all kinds of car parts, with quick payments and the highest cash offers possible. Call them at (336) 882-7989, or visit their website to learn more about their family-owned business.