If you’ve ever taken clothes to a consignment shop or traded in an old cellphone, you know how rewarding it can be to make money of from the items you no longer need. When it comes to scrap metal recycling, there are multiple factors that can influence just how much you receive. The following guide explains what affects metal prices, so you know what to expect when you visit a recycling center.

What Affects Scrap Metal Recycling Prices?

1. Quality

If the material is in good condition and well-cared for, you’ll receive a higher payout. For example, metal near a body of water or in a factory with high moisture content may have corroded, leaving rust stains and a weaker overall structure. In this case, you’ll probably be offered less for the piece of scrap metal. If you bring in a shiny, like-new metal that doesn’t have any visible flaws, you can walk away with a more satisfying reward.

2. Supply & Demand

If many people are looking for scraps and few people are recycling their old metal, you can expect to receive a higher price for your donation. However, if the scrap yard is full of inventory, you might be offered a lower rate. In light of new trade tariffs, the cost of metal is up in the U.S., which means the demand for metal recycling will also be high. Now is a good time to recycle your scrap metal to get the best price.

3. Global Market Price

Scrap metal prices change on a weekly basis, so expect some fluctuation. If market prices rise for a certain type of metal, buyers will look for scrap metal to cut costs. This, in turn, increases demand for your pieces, resulting in a higher payout at the end of the day. However, it’s not just limited to the local climate—global changes in the market can affect scrap metal recycling prices right in your hometown.

If you’re looking to get the most bang for your buck when decluttering your property, head to Phipps Auto Parts in Goshen, OH, for the best possible deal. They accept a wide range of scrap metal recycling products, from brass to stainless steel. For more information on their salvage yard, call (513) 722-2034 to speak to a friendly staff member. You can also visit the website to get acquainted with their quality selection of auto components.