Why scrap assessment?
Ferrous metals and alloys contain iron; non-ferrous materials do not.
Ferrous metals include mild steel, carbon steel, stainless steel, cast iron, and wrought iron.
You can find ferrous metals in housing construction, industrial containers, large-scale piping, automobiles, rails for railroad and transportation.
Ferrous metals make up the most recycled materials in the world.
Non-ferrous metals include aluminum, brass, copper, nickel, tin, lead, and zinc, as well as precious metals like gold and silver.
You’ll find these materials in use for aircrafts, cans, gutters, water pipes, roofing, and road signs.
As far as recycling goes, aluminum is the third most recycled material in the world. However, many other non-ferrous materials like copper, brass and lead are relatively scarce, and metallurgists rely heavily on scrap material recycling to make new ones.
Ferrous scrap metals tend to be in good supply, so the prices tend to be lower than most non-ferrous metals.
As steel and iron alloys are constantly being recycled in high volume all over the globe, the prices for these materials stay fairly constant on a month-to-month basis, dropping or raising only slightly.
Non-ferrous scrap are somewhat harder to come by and more difficult to create. This makes the demand higher, which drives up the price higher than ferrous metals.
While aluminum prices don’t fluctuate often due to recycling efforts, others like copper and brass can change drastically in just a month’s time depending on the needs of the market.
As you can easily understand most part of production companies have to deal with scaps; and frequently they do not even know scraps represent an economic value they can rely on.
It all depends on the ability to understand and manage this value.
That’s why you may need our consultancy.