Scrap metal

[cqueen]

Just curious...

Those places where you can sell your scrap metal to, who/where do they sell it onto? who ultimatly melts it down into something else?

Cheers

[mr.man]

After the srap is sorted into the various metal groups it is usually chopped/shredded/broken into smaller bits and taken to the docks and exported.

[Simpo Two]

We can't melt it down in the UK then?

I suppose it's cheaper to ship it x,000 miles to India, let them melt it down and make it to something, then we buy it back, and India takes the profit. Yep, that sounds about right.

[netherfield]

Local scrap yard used to take two 8 wheeler loads a day to Birmingham,then it went to Liverpool and ended up in Birmingham Alabama.

http://www.jbschofieldandsons.co.uk/

[StevieBee]

Simpo Two said:

We can't melt it down in the UK then?

I suppose it's cheaper to ship it x,000 miles to India, let them melt it down and make it to something, then we buy it back, and India takes the profit. Yep, that sounds about right.

Depends on who buys it and where the demand is.

Most ferrous metal recycling is done in the UK by Corus and aluminium recycling is done by Novelis. Last time I looked, around 40% of non-ferrous was exported.

Technically, there's no such thing as "scrap" metal. It's more accurate to consider it as a commodity as most of it is traded via the London Metal Exchange. Ideally, we need to be exporting more but at the moment, the market demand is weighted towards the domestic market.

Some good prices at the moment too! : http://www.letsrecycle.com/prices/metals/

[Devilstreak]

A Local company round here exports to China.