Scrap Metal Profit is a trading style of Admatrix Ltd, company number 08475546, VAT registration 195579545. Your use of the this website is subject to your acceptance of the terms of use and the privacy policy. You can contact Scrap Metal Profit by emailing admin@scrap-metal.org.uk and you will normally receive a reply within 48 hours.
The Scrap Metal Industry
An Introduction to the Scrap Metal Industry in the UK There have been a handful of industries that survived the onslaught of the recession of 2008. With the world still reeling under the financial downturn, it is surprising to realise that there were some unlikely players who not only survived these hard times, but also made their presence felt. Scrap metal was one among them. An industry which was initially dismissed as that of collecting and selling junk has suddenly emerged to be seen as one of the fastest growing ones that also holds a lot of promise. With a £10 billion-a-year turnover, the scrap metal industry in Britain alone employs over 8,000 people and helps in recycling an average of 400 million tonnes of metal each year. Well, that's a lot of scrap metal for certain. The work done by scrappers makes sure that recyclable metal does not end up in landfill sites but rather goes back to companies to be recycled and turned into new products. The entire process in turn reduces environmental pollution and wastage of raw materials which are becoming rarer. The demand for scrap metals is driven mostly by the auto, construction and steel industries. With a booming automobile and construction industry in emerging economies like India and China, the demand for scrap metal remains at an all-time high. During the recession of 2008, even after the industry faced low demand from the local market, an increased export demand made sure that the industry thrived. And there is no wonder that many are taking advantage of this opportunity. While the entire country continued to be bitten by austerity measures, there were some who were finding a way out of their financial crisis by collecting scrap metals and selling it to the recycling companies and scrap metal merchants. Recently an interesting documentary ('Scrappers' aired on Channel 4) threw light on the lesser-known world of scrappers and scrap yards. It was truly fascinating to watch those people not only earn their living, but also fulfil their dreams from their shabby looking workplace.  From getting £12.00 a day by trawling the streets with a pony and cart to earning £800 a day by going around the city in a lorry, the documentary was full of stories that not just inspired but also brought a great amount of respect for the people in this line of work. For most of them, the work gave them a chance to lead a respectful life. While many others searched fruitlessly for jobs during the period of financial downturn, they could survive and sustain their families by deciding to be part of the scrap metal industry. One key attraction to this field is that you really do not need to pass any exams or have managerial degrees to start your metal scrap business. A license and a vehicle to carry the scrap metal collected to the scrap yard is enough to start work. All you need to do is understand the industry and the way it works. Your business acumen accumulated through experience and hard work is enough to take you to the top. It is crucial to learn new ways to beat your competition in getting more and more relevant scrap. You should be aware of what will fetch good money and what will not. You can take on this profession as a full time one or rely on it for emergency income while you keep up your search for other full-time work. How the Scrap Metal Industry Works There are predominantly three parts to the entire process of scrap metal recycling - collecting, processing and reselling. Here we will be focusing on the collection of scrap metal. Businesses or individuals collect the scrap metals from the streets, homes, offices or other places and sell them to scrap yard facilities for money. It is the scrap yards that will then fully process the materials before reselling them to entities such as manufacturers. You can always start your search for scrap at your home. It will not be a surprise if you find some discarded items like old decoration lights or toasters lying in the corner of your store room. They can be sold off as scrap as they would contain copper or steel. Now turn to your neighbourhood and the streets nearby. You may find discarded metal items. Do not hesitate to ask the people around if they have any scrap to be taken away. Make sure you avoid plastic or wood items as they are of zero value in a scrap yard. It is better to leave them than fill your van with unwanted stuff. You are collecting scrap metal, not jumble. Another way to find scrap metal is to browse through websites like Gumtree and check the listings under the 'Free' category. People at times post a list of things they want to give away. For example they may want their old faulty washing machine or other appliances to be taken away by a scrap collector. Since the post will be a scrapper’s delight make sure you respond to the post instantly and before anybody else does. Good amounts of scrap metal can also be obtained by attending sales like deceased estate sales, house clearance sales and foreclosure or repossession sales. If you are lucky enough you will obtain a good quantity of valuable metal which you can resell for a good price. Old cars also find their way to the scrap yard soon after they become too expensive for the owner to keep them on the road. If the car is no longer roadworthy often you can be paid to collect and take the vehicle away, which is a bonus! Your Vehicle Just as it is important to know where to find the scrap metal, it is crucial to know the right kind of vehicle to use when collecting scrap metal. We have seen people collecting scrap metal on bicycles in the past. However that is not a profitable way to run a business and besides, you wouldn’t be able to collect large appliances! You will still find scrap collectors doing their rounds in their carts being driven by a pony. Though it reminds you of old London city a couple of decades back, the speed restricts the person from travelling far and they are no match for the speed of trucks. The best option is a pickup truck or a vehicle with a large area in the back for the purpose. It will help you both in covering larger distances in a day and to carry more scrap and larger objects. Time Timing is another key factor that will determine the rate of success in collecting scrap metal. With the huge rise in competition it is crucial to be an early bird and to get out and about to see what has been dumped during the night. There are some scrap collectors who even work during night to beat their rivals. Choice of Yard Now that you have collected the scrap metal it is essential that you get a good price for your efforts. To start with you can always check the market prices of the scrap metal. There are even mobile apps that can keep you updated about the prices and market trends. You can also call up a few yards to find the prices they offer for different materials. Different yards will offer a variety of prices for different kinds of metals. Building Business Relationships The journey of collecting and selling scrap metal will not be complete without you building up good business relationships. One of the foremost things to remember is to be pleasant and fair with the people you meet. They can be the person from whom you want to collect the scrap, or the scrap yard owner. Keep in touch with people who you think will give you good local information about available scrap metal and who will recommend you to others. Also try to talk to negotiate hard but fairly and respectfully with scrap yard owners. You can do this by selling your scrap metal to the same yard continuously for some time to build up loyalty. This will make the owner more receptive to your requests for a higher payment. Next: The Metals Find out about the types of scrap metals you should be collecting and most importantly, the price you can expect to receive for selling the metal on to the scrap yards.
Scrap Metal Profit is a trading style of Admatrix Ltd, company number 08475546, VAT registration 195579545. Your use of this website is subject to your acceptance of the terms of use  and the privacy policy. You can contact Scrap Metal Profit by emailing admin@scrap-metal.org.uk and you will normally receive a reply within 48 hours.
An Introduction to the Scrap Metal Industry in the UK There have been a handful of industries that survived the onslaught of the recession of 2008. With the world still reeling under the financial downturn, it is surprising to realise that there were some unlikely players who not only survived these hard times, but also made their presence felt. Scrap metal was one among them. An industry which was initially dismissed as that of collecting and selling junk has suddenly emerged to be seen as one of the fastest growing ones that also holds a lot of promise. With a £10 billion-a- year turnover, the scrap metal industry in Britain alone employs over 8,000 people and helps in recycling an average of 400 million tonnes of metal each year. Well, that's a lot of scrap metal for certain. The work done by scrappers makes sure that recyclable metal does not end up in landfill sites but rather goes back to companies to be recycled and turned into new products. The entire process in turn reduces environmental pollution and wastage of raw materials which are becoming rarer. The demand for scrap metals is driven mostly by the auto, construction and steel industries. With a booming automobile and construction industry in emerging economies like India and China, the demand for scrap metal remains at an all-time high. During the recession of 2008, even after the industry faced low demand from the local market, an increased export demand made sure that the industry thrived. And there is no wonder that many are taking advantage of this opportunity. While the entire country continued to be bitten by austerity measures, there were some who were finding a way out of their financial crisis by collecting scrap metals and selling it to the recycling companies and scrap metal merchants. Recently an interesting documentary ('Scrappers' aired on Channel 4) threw light on the lesser-known world of scrappers and scrap yards. It was truly fascinating to watch those people not only earn their living, but also fulfil their dreams from their shabby looking workplace.  From getting £12.00 a day by trawling the streets with a pony and cart to earning £800 a day by going around the city in a lorry, the documentary was full of stories that not just inspired but also brought a great amount of respect for the people in this line of work. For most of them, the work gave them a chance to lead a respectful life. While many others searched fruitlessly for jobs during the period of financial downturn, they could survive and sustain their families by deciding to be part of the scrap metal industry. One key attraction to this field is that you really do not need to pass any exams or have managerial degrees to start your metal scrap business. A license and a vehicle to carry the scrap metal collected to the scrap yard is enough to start work. All you need to do is understand the industry and the way it works. Your business acumen accumulated through experience and hard work is enough to take you to the top. It is crucial to learn new ways to beat your competition in getting more and more relevant scrap. You should be aware of what will fetch good money and what will not. You can take on this profession as a full time one or rely on it for emergency income while you keep up your search for other full-time work. How the Scrap Metal Industry Works There are predominantly three parts to the entire process of scrap metal recycling - collecting, processing and reselling. Here we will be focusing on the collection of scrap metal. Businesses or individuals collect the scrap metals from the streets, homes, offices or other places and sell them to scrap yard facilities for money. It is the scrap yards that will then fully process the materials before reselling them to entities such as manufacturers. You can always start your search for scrap at your home. It will not be a surprise if you find some discarded items like old decoration lights or toasters lying in the corner of your store room. They can be sold off as scrap as they would contain copper or steel. Now turn to your neighbourhood and the streets nearby. You may find discarded metal items. Do not hesitate to ask the people around if they have any scrap to be taken away. Make sure you avoid plastic or wood items as they are of zero value in a scrap yard. It is better to leave them than fill your van with unwanted stuff. You are collecting scrap metal, not jumble. Another way to find scrap metal is to browse through websites like Gumtree and check the listings under the 'Free' category. People at times post a list of things they want to give away. For example they may want their old faulty washing machine or other appliances to be taken away by a scrap collector. Since the post will be a scrapper’s delight make sure you respond to the post instantly and before anybody else does. Good amounts of scrap metal can also be obtained by attending sales like deceased estate sales, house clearance sales and foreclosure or repossession sales. If you are lucky enough you will obtain a good quantity of valuable metal which you can resell for a good price. Old cars also find their way to the scrap yard soon after they become too expensive for the owner to keep them on the road. If the car is no longer roadworthy often you can be paid to collect and take the vehicle away, which is a bonus! Your Vehicle Just as it is important to know where to find the scrap metal, it is crucial to know the right kind of vehicle to use when collecting scrap metal. We have seen people collecting scrap metal on bicycles in the past. However that is not a profitable way to run a business and besides, you wouldn’t be able to collect large appliances! You will still find scrap collectors doing their rounds in their carts being driven by a pony. Though it reminds you of old London city a couple of decades back, the speed restricts the person from travelling far and they are no match for the speed of trucks. The best option is a pickup truck or a vehicle with a large area in the back for the purpose. It will help you both in covering larger distances in a day and to carry more scrap and larger objects. Time Timing is another key factor that will determine the rate of success in collecting scrap metal. With the huge rise in competition it is crucial to be an early bird and to get out and about to see what has been dumped during the night. There are some scrap collectors who even work during night to beat their rivals. Choice of Yard Now that you have collected the scrap metal it is essential that you get a good price for your efforts. To start with you can always check the market prices of the scrap metal. There are even mobile apps that can keep you updated about the prices and market trends. You can also call up a few yards to find the prices they offer for different materials. Different yards will offer a variety of prices for different kinds of metals. Building Business Relationships The journey of collecting and selling scrap metal will not be complete without you building up good business relationships. One of the foremost things to remember is to be pleasant and fair with the people you meet. They can be the person from whom you want to collect the scrap, or the scrap yard owner. Keep in touch with people who you think will give you good local information about available scrap metal and who will recommend you to others. Also try to talk to negotiate hard but fairly and respectfully with scrap yard owners. You can do this by selling your scrap metal to the same yard continuously for some time to build up loyalty. This will make the owner more receptive to your requests for a higher payment. Next: The Metals Find out about the types of scrap metals you should be collecting and most importantly, the price you can expect to receive for selling the metal on to the scrap yards.
The Scrap Metal Industry
   Scrap Metal Profit
Scrap Metal Profit