Non-ferrous scrap is a waste that contains various non-ferrous metals.The most popular (and profitable for recycling) in our country are scrap copper and aluminum. However, in addition to these most popular metals, you can also find exotic items: zinc, tin, nickel, magnesium and even titanium. Finally, the alloy brass is quite common, as it is widely used in plumbing. You can also recycle your car: https://towingandscrapcarremoval.ca/scrap-car-removal-scarborough.
What characteristics are used to classify non-ferrous scrap?
Metal. Of course, the classification is based on what kind of metal is included in the items categorized as scrap. Not only the type of metal or alloy plays an important role, but also its chemical composition. Most classes and grades of scrap have requirements for the maximum allowable content of various elements, including silicon, iron, zinc, etc.
Scrap format. The two form factors most often dealt with are lumpy scrap and electrical products. Since both aluminum and copper are metals commonly used in the manufacture of electrically conductive cables, it is the cut of cables and wires that is an important source of this scrap. There are also various production wastes that contain non-ferrous metal: this can be lumpy waste or shavings. Finally, it is quite common practice to deliver disassembled products to the scrap metal, for example, undismantled copper cables in the insulating sheath, etc.
The presence of contamination of different origin. In particular, the presence of scrap, varnish, paint, concrete and cement residues, and other contaminants. As a rule, for certain types of scrap, such contamination is not allowed at all.
Clogging. All scrap has an acceptable level of clogging, because the very nature of secondary resources involves metal clogging during processing. However, for high-priced grades, clogging cannot exceed 0.1% by weight, while for lower-priced grades clogging in excess of 5% is allowed.
It is necessary to understand that each country has its own norms in this matter.
Classification of non-ferrous scrap by price: pricing factors
So, we’re done with the classification, now we move on to the economic issues. Here are the main factors that determine the market price of colored scrap at the current moment in time:
The quality of scrap: its type, class and grade. The same aluminum in different forms can vary in price by hundreds of percent.
Market situation. Prices are formed by going through a rather complicated path, from the world prices for a given metal, to the final price of scrap accepted, taking into account all factors, including local demand.
The operator’s income. Each company that accepts metal lays down its own profit margin.
As a result of the interaction of these factors, the price of non-ferrous scrap is formed.