Scrap Metal Prices Hold High
The boom of scrap metal prices has made a large impact on the economy in a way that only a small percentage are taking advantage of. The benefits of collecting and cashing in scrap metal are two fold monetarily and environmentally speaking.
Since the dramatic increase of scrap metal prices around Feburary of 2010 people are finding it a lucrative means of pulling in extra income or even a full time job. Because scrap metal is melted into reusable metal it is considered recycling and right now metal dealers are paying a high price for ferrous and nonferrous metals.
“As with any business recycling metals has its ups and downs, it’s a lot like the stock market in that a pile of aluminum sold today could be worth twice as much another day. That’s just the nature of markets like these, but right now it doesn’t look like prices are going down dramatically any time soon.” says Matthew Powers, a ten year and full time scrap collector based out of Texas and owner of the website www.scrapinasnapshop.com.
The website features scrap metal prices as well as a comprehensive guide to getting started with collecting scrap metal.
“Our website encourages people to get involved with collecting scrap metal in their area. Not only does it help clean up their environment but they can make money from doing it as well. You’d be surprised how many businesses will even pay you to come in and remove their scrap metal, and you get money when you cash it in as well.”.
Scrap recycling is a multi-billion dollar industry in the United States alone and is on course to having one of the highest revenue generating years in the past three decades..
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- Scrap in A Snap
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