What are the current scrap metal prices in the UK?
Scrap metal prices are constantly changing as scrap metal is a commodity that acts in the same way as oil or any other natural resource. The price will fluctuate based on supply and demand, currency changes and other factors. There are various types and also various grades of metal that will all fetch different prices in the UK market.
UK scrap metal prices fluctuate daily, so its often difficult to establish an estimated figure of what your scrap metal is worth. To help you price your metal please call today for current pricing, also if you need help classifying your metal then please get in touch and we can help
Please phone for current daily prices on 01795 439393
Are Scrap Metal prices going up or down in the UK in 2020?
Scrap metal pricing changes daily and market forces determine if it goes up or down. The factors that affect any commodity are mainly global supply and demand and currency changes, so its difficult to predict the market and define if the price will rise or fall.
How are metal prices determined in the UK?
Metal is traded on the London Metal Exchange daily and this sets the benchmark for metal pricing in the UK. The Exchange will look at the global metal markets supply and demand and pricing will adjust accordingly as with any other commodity. get in touch for scrap metal values today.
Different types of scrap metal
There are many different types of scrap metals. The most common types of scrap metal scrapped in the UK are
- Stainless steel
Each of these different metals has different grades depending on quality and purity.
Different grades of scrap metal
Each metal has different grades alongside the different types. Metal grades usually denote the quality of the metal and its purity. Grade 1 copper for example will be worth more than grade 2 as grade 1 has 100% purity. If you unsure what type or grade your metal is you can get in touch with our team today on 01795 439393
How can I get the most money for my metal?
You can call round you local yards to get the best prices as each scrap yard will have different pricing for their metals and some will react quicker to changes than others. However most reputable yards will be changing prices weekly or daily to ensure the best service
How can I work out the weight of my scrap metal?
The most common weights used in the UK metal industry are tonnes and kilos. 1 tonne equals to 1000 kg so for scrap metal prices per kg divide the tonne price by 1000 to get your Kg price.
£3000 per tonne = £3 per Kg.
To get your scrap metal prices per tonne multiply Kg price by 1000/
£3.50 per Kg = £3500 per tonne.