National and International Factors That Affect the Price of Steel

When it comes to the price of metal on the U.S. and global markets, the formulas are highly complex, and the factors that influence the changes and fluctuations are ever-changing themselves. However, after various on-going studies and research, the World Steel Association suggests that they know the top national and international factors that influence the value of market steel.

These factors should be important to you as someone who is interested in profiting off of scrap steel sales, or simply wishing to make some quick cash for a junk car or motorized equipment. By taking these factors into consideration, you can better predict how much you might profit from your scrap steel.

Continue reading to learn these factors, as well as, where to get the most money for metal recycling in Kentucky.

Louisville Junk Car Buyers 502-804-5605
Louisville Junk Car Buyers 502-804-5605

National Factors That Affect Steel Prices

As suggested by the World Steel Association and various other economic metal organizations, the top factors that influence how much steel is worth include the strength of the U.S. dollar, the current demand for steel (regardless of application or product), and trade tariffs (government price lists and guidelines on imports or exports).

International Factors That Affect Steel Prices

Another proposal made by the World Steel Association and various other economic metal organizations is that the price of steel is also greatly affected by certain global factors. The top international trading factors are suggested to include natural disasters, wars, serious political events, and most importantly, the general condition of the world economy.

Items That Contain the Most Steel

If you are looking for scrap steel to sell, your best bet is sheet metal or motorized commodities. Cars, trucks, vans, motorcycles, RV’s, bulldozers, forklifts, golf carts, tractors, and anything else that runs (or used to run) on fuel is going to have a lot of steel components. These items will get you the most steel, and therefore, a higher profit. Regardless of age, make, model, or condition, a scrap metal buyer will accept any motorized commodity.

Where to Sell Scrap Steel

If you are looking to make the most cash from selling your scrap steel, the metal market is not the most important factor, but rather, finding a reputable scrap metal recycling center to do business with. By choosing an established, experienced, and reputable scrap metal buyer in your town, you have a much better chance at recovering a full and fair payout for your scrap. Best of all, most professional scrap metal dealers will come through and collect your scrap for you, free of charge; unless you wish to visit the complex for weigh-ins and metal analysis.

The Kentucky Scrap Metal Buyer to Choose

Call GC’s Junk Cars at 502-804-5605 to sell a junk car in Louisville and its surrounding areas. Not only do we accept all vehicles, regardless of age, make, model, and condition, we also payout the highest returns for junk vehicles in Kentucky. Just accept our offer and we will come pick up your junk car! Contact us today to request a free estimate!

Louisville Junk Car Buyers 502-804-5605

5 Things You Need To Do Before Selling a Junk Car

If you have a junk car to sell, you are one lucky person! Junk cars are terrific sources of metal, which is 100% recyclable and can be reprocessed over and over again. And the demand metal-based automotive scrap makes your junk car a reliable financial asset, regardless of make, model, age, or condition! By selling your junk car, you are not only getting ready to make an attractive profit off of a piece of junk that has been taking up too much space for too long, you are also contributing to the preservation of our natural resources by supporting the metal recycling enterprise!

As you can see, selling a junk car is a wonderful and profitable venture; just be sure to take the proper additional steps before you hand over your asset for good. Continue reading to learn the 5 things you should do prior to handing off your junk car.

Louisville Junk Car Buyers 502-804-5605
Louisville Junk Car Buyers 502-804-5605

Follow These Steps Before Handing Over Your Junk Car:

❶ Find the Best Junk Car Buyer – Be sure to choose a reliable and reputable Louisville junk car buyer who has been in business for a long time. There are countless scammers and rookies in the industry that operate against best business ethics and moral practices, making them incapable of delivering the fairest payout for your junk car. Furthermore, choose a junk car company that cuts out the middleman, so you can put more cash in your pocket. Such companies have less overhead, which means they are equipped to pay more for junk vehicles.

Now that you have a junk car buyer you can trust for an honest and fair offer, here’s is what to do when you are awaiting for them to arrive and collect your junk car:

Remove the License Plate Be sure to remove your license plate. In some case, you might need to return your plate to the DMV. In other cases, they are nice to have for décor and art projects. Just don’t forget to remove it before the junk car tow truck shows up.

Remove All Personal Belongings – Along with your license plate, be sure to remove all other personal items, including other plates, steering wheel covers, seat covers, middle consul items, paperwork, rear-view mirror décor, CD’s, cassette tapes, phone chargers, and anything else that belongs to you.

Cancel Your Registration With the State – Remember to cancel your registration with the state. Do this as soon as you decide to accept the junk car buyer’s offer. Forgetting this step can lead to tedious and exasperating remedies, meaning a lot of phone calls, holding, and emails with the DMV.

Remove the Car From Your Insurance Policy – After you cancel your registration, be sure your junk car is not being insured any longer. Contact your insurance company and have the vehicle removed from your policy as soon as you finish with the BMV.

Call Our Louisville Junk Car Buyers Today!

Call GC’s Junk Cars at 502-804-5605 if you have a junk car to sell in Louisville and its surrounding areas. Not only do we accept all vehicles, regardless of age, make, model, and condition, we also payout the highest returns for junk vehicles in Kentucky. Just accept our offer and we will come pick up your junk car! Contact us today to request a free estimate!

Louisville Junk Car Buyers 502-804-5605