7090 Lamar Rd.
Reno, TX 75462
Mon - Sat 8:00 am - 5:00 pm
Getting The Most For Your Scrap Metal…
And Not Get Ripped Off!
Every industry has people and companies that are dishonest, and unfortunately the metal scrap business is no different. There are some people in our business who make their profit by deceiving or cheating scrap sellers.
Our goals at Recyclers Depot are to ensure every customer is treated fairly and honestly, and to help educate scrap sellers on ways they can get the most value for their scrap.
Knowing what to look for, and how to judge a fair deal protects you – and helps improve our industry!
There are some "tricks" that are most frequently used, and once you are aware of them, you can avoid getting ripped off.
If you can't see your material being weighed, there may be a reason. Make sure you can see the scale and the readout to ensure that you are being given credit for the actual weight of your material.
Prices seem too good to be true? They might just be! Unscrupulous dealers can rig scales to under-report weights, it's the oldest scam in the scrap business. Scales for trade are required to be certified. Ask to see the certification for the scale, if they can't provide it there may be a reason. Alternatively, weigh your smaller items on your bathroom scale at home to check that you are being paid for all your material.
As you'll find in this book, there are many different grades of copper, brass, aluminum, and other metals.
The value of Copper No. 1 is much higher than Copper No. 2 – and if you don't know the difference, you may be getting taken advantage of. Ask questions on how they are grading your material. If you don't like the answers or they are different than the info in this book BEWARE.
Also watch out for scrap yards that only buy items as a few categories. Don't let your high value material and low value material be bought together for the lower price.
DEDUCTIONS FOR TRASH
Don't take dirty material thinking you'll get paid for the extra weight. Scrap yards will make deductions for the trash weight, and will always make deductions in their favor to protect themselves. Clean material = zero deductions = all the value for your material.
GROSS TONS vs. NET TONS vs. CWT
Know how you are being quoted because there can be a big difference in units. Always convert to lbs to get an apples to apples comparison.
Gross Tons (GT) = 2240lbs
Net Tons (NT) = 2000lbs
Hundred Weight (CWT) = 100lbs
For example, if you are comparing prices and Company A quotes you $105/gt and Company B quotes you $100/nt, Company B is actually paying a higher price per lb.
Company A: $105/2240lbs = $.0469/lb
Company B: $100/2000lbs = $.05/lb
Bringing a calculator with you will help you make the conversions, providing the information to make informed decisions!
GRADING MATERIAL AFTER UNLOADING
Scrap yards know that sellers are more likely to accept the grading once the material has already been unloaded because nobody wants to reload scrap. Have your material graded before unloading so you can easily leave if you disagree.
We want you to have the most positive experience possible, and have made every attempt to create an environment that is safe, honest and trustworthy.