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.
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!