Anyone can start collecting and selling scrap metal. Many even make good profits from time to time, yet only a handful of metal resellers manage to pocket big profits with every haul.
The key to maximising your gains usually lies in the type of preparation you are willing to do. Taking a little bit more time and preparing your metal before calling a Melbourne scrap metal company makes all the difference. The right prep work and techniques will allow you to earn top dollar, so all of your efforts will pay off.
Here are some of the best tips successful scrap collectors swear by when they want to get even more profits for metal loads.
- Separate By Type
Melbourne scrap yards base their pricing on many factors. The most important factor is the type of metal you have. Some metals are more valuable when they are scarcer, higher in demand, and more functional (as with corrosion-resistant metals).
The first thing you want to do is sort your metal into ferrous and non-ferrous types. After doing this, you can proceed and create separate piles for main metal types like iron, copper, aluminium, and stainless steel.
Out of all these metal piles, the copper should be the most treasured. This is because it is the scrap metal with the highest value in Australia.
- Clean Your Scrap
Scrap metal companies in Melbourne also have different pricing strategies for metal piles that are 100% free from non-metal materials and those that have lots of other materials and components mixed within (an appliance that isn’t taken apart, for example).
To ensure that your metal receives the highest price when it is weighed and valued, it is best to thoroughly clean the material by removing non-metallic materials. This means removing plastic, wood, rubber, and fabric and separating these materials from the metal.
- Cut Larger Scrap Metal Items
Breaking bulky scrap metal into tinier bits and pieces can make your metal piles easier to manage. This can reduce transportation costs and will ensure that material handling won’t cut into your profits.
- Strip Insulated Wires
Any wires you have should be stripped. Scrap metal companies have no use for the insulation. Copper wire will fetch a much higher price at a Melbourne scrap metal company if all of the insulation is removed.
- Consider the condition of the Metal
With ferrous metals like steel and iron, it is best to examine the condition of the metal before you send it off to sell. This is especially important if you are buying old metal, like old cars or engine blocks, to resell.
Rust can affect the price of your pieces. You won’t get as much for a rusted piece as you would for iron and steel that are still rust-free.
- Sell to a Reputable Company
The final tip we have for you is to mind who you sell to. Not all scrap metal companies are too accommodating with their rates. It is best to ask about their metal payout rates before you book a scrap metal pickup.
Turn Remnants of Metal into Serious Cash
Whether you decide to go the extra mile and sort, cut, and prepare your metal is up to you. At Danny Scrap Metal, we support all scrap metal enthusiasts, from those who work hard to create pure loads to those who just don’t have the time for these tedious processes.
We have a fair pricing method for any metal delivered to Danny Scrap Metal. This does, of course, mean that pure loads and rare metals enjoy a higher payout rate. Even so, we still welcome and appreciate unsorted piles, and we aim to keep the payout rate as fair as possible.
Contact Danny Scrap Metal now and get the highest payout for scrap metal.