With the positive news that scrap metal is increasing in value and that there is a cautionary note being sounded, that without a good supply of scrap metal, there will still be problems in the industry. We look at the reasons why scrap is somewhat in short supply, and the public can help the situation. We take a look at van salvage companies and comment on the positive impact these businesses can have on global economy and in particular the ferrous metal market.
Recent news has indicated that the price of metals has increased, which is normally great news for the economy. It is a clear indication that the global economy is bouncing back, but the only issue is that the metals market is stalling slightly simply because there is a supply issue. The main problem appears to be that the hazardous winter weather in the northern hemisphere has meant that less scrap metal than normal has been available to put into the system. Sims Metal Management, the world’s largest scrap metal recycler has announced first half of year profits despite the downturn of availability of scrap metal:
“Strength in ferrous pricing we believe is consistent with recovery in steel production around the world coupled with the tight availability of raw materials, including scrap.”
Of course the knock on effect of this is that scrap metal businesses are now in need of more scrap metal than ever before. The UK alone has many different scrap metal recycling companies that will now pay great prices to receive scrap metal of any kind. One of the most sought after scrap metals is the metal from vans and cars, because they tend to include a large proportion of scrap metal. There are scrap companies throughout the United Kingdom on the lookout for van parts thanks to their large proportion of metal. You will find at the moment that van breakers in particular are desperate to get hold of any sort of van in order to break for parts and reclaim the valuable scrap metal contained in the vehicles. As you would imagine a lot of these companies are willing to part with significant funds to obtain these valuable commodities. Perhaps the most valuable vehicles for van salvage merchants at the moment are Transit vans given the large amount of metal coupled with useful parts which have a second hand value too. For this reason there are transits wanted in all breakers yards throughout the country.
If you are lucky enough to have a vehicle that you no longer need you should approach scrap companies to find out just how much money you could make by scrapping your vehicle.
Tags: scrap, scrap vans, van breakers


