What is a Scrap Metal Broker?

by Greenway Metal Recycling | Jul 18, 2022

If you have a metal recyclable collection, you’ve probably wondered how a scrap metal broker can help you. While a scrap metal broker can help you sell your recyclable metals, the job is not without risks. Scrap processors need to sort and process the scrap before it can be sold. And with tough environmental regulations, things like refrigerators and motor vehicles are less desirable than they once were. With strategic partnerships, scrap metal brokers can find the best price for your metal articles.

The scope of a scrap metal broker’s services depends on the type of business you’re running. A scrap metal broker has access to a massive network of international dealers or third-party buyer. This network of buyers and sellers allows a company to make a profit by selling scrap metal in the United States and on a global scale. Scrap metal brokers typically charge a commission of between $600 and $1000, so industrial and commercial companies with large volumes benefit the most by using a scrap metal broker.

The metal recycling industry is large and diverse. Scrap steel, lead, zinc, copper, and aluminum are just a few examples of the metals that can be recycled. Some of these materials include non-ferrous scrap metals, such as wrought iron, copper, and aluminum. In addition to reusing metals, scrap brokers also collect and sell recycled metals. The scrap metal industry also takes ferrous metals such as the steel scrap metal waste from steel mills. These steel mills as well as other larger manufacturers of raw materials partner closely with scrap metal brokers. This type of recycling is important for the environment, as it reduces the carbon footprint associated with manufacturing and turns much of the scrap into new products.

Scrap Metal Payments

Payment terms will vary across scrap metal vendors. Some scrap dealers deliver payment only when the vehicle is tipped. These dealers may offer cash payments on the spot or allow you to wait up to 14 days to get paid. Ensure the scrap metal dealer’s price quote includes standard handling and transportation. Make sure the price quote includes all costs, including container rental, fuel surcharges, and standard handling. If you’re not sure, don’t be afraid to contact a few scrap dealers to learn more about their services. If you’re looking to sell scrap metals in larger volume and on a frequent basis, it’s a good idea to work with a scrap metal broker.

Scrap metal brokers are responsible for ensuring that the entire process is easy and stress-free for all parties involved. Greenway Metal Recycling is a local scrap yard in the Chicagoland area that has long-standing relationships with area business. They pay top dollar for industrial and commercial scrap and payment terms in little as 5 days! Get a free quote from Greenway Metal Recycling.

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