Scrap metal is made up of recycled materials that have been left over from manufacturing and consumptions of products that use metals. This could be anything from parts of old vehicles, to surplus materials that have been discarded during the manufacturing process. It does not, however, include gold and silver, or any other alloy that is comprised of more than 2% of either gold or silver.
A scrap metal dealer is someone who deals with the sale of scrap metals and must have a licence in order to do so. Anyone who is a motor salvage dealer, or conducts business, which deals in any part of the buying and selling of scrap metals, may be deemed a scrap metal dealer. There are two types of licence that can be obtained – a site licence, which licenses the holder to buy and sell scrap metal from one or more sites in the local authority area, as well as transporting the material between multiple registered sites, and a collectors licence, which authorises someone to collect scrap metal in the local authority area. A separate licence must be obtained from each council the collector will be operating in and only one of each type of licence may be held in an individual local authority area.
The price of scrap metal may vary widely depending on location and these are often negotiated directly between sellers and buyers, although sometimes you may see scrap metal prices posted online or in publications. In the US, for example, scrap prices can be found in several publication such as American Metal Market.
One of the key benefits in recycling scrap metals is the impact on the environment. The US Environmental Protection Agency conducted research, which found that using recycled scrap metal instead of iron ore can save up to 75% of energy used in production, as well as giving a 97% reduction in mining wastes and 86% reduction in air pollution. These figures are phenomenal and are just a small insight into the benefits of using scrap metals, which can be just as effective as using virgin materials.
William Rowland is proud to include in its portfolio, the purchasing and sales of specialty revert and scrap metal. Our product range includes nickel based alloys, nickel and cobalt irons, nickel, chrome and molybdenum alloys, nickel copper alloys, cobalt based alloys, nickel cobalt alloys, and many more.