If you’re planning to sell scrap metal to a scrap yard

A big question people ask is: How long do scrap yards keep records?

How long do scrap yards keep records

Keeping track of these records is important for:

In this article, we’ll discuss:

How long do scrap yards keep records?

In South Africa, scrap yards are required to keep records of their transactions for a minimum of 5 years.
This includes records of:
- The seller’s identity
- The type
- Quantity of scrap metal sold
- And the payment made.

How do scrap yard transactions work

When you bring your scrap metal to a scrap yard, they will:

Weigh it at the Scrap yard near me
Determine its value based on current market prices
The scrap yard will then make an offer for the scrap metal
Pay the seller in cash or through other payment methods.
The seller is required to provide their identification, such as:
- A passport
- ID card, to the scrap yard to complete the transaction.

How much can you make per kg of scrap metal in South Africa

The price of scrap metal varies based on:

As of March 2023:

However, prices can fluctuate frequently, so it’s important to:

Check with the scrap yard on current market prices before selling your scrap metal

When selling scrap metal take note of the following:

Scrap yards in South Africa are required to keep records of their transactions for a minimum of 5 years
The seller must provide identification
The scrap yard will determine the value based on current market prices
Prices for scrap metal can vary based on market demand and supply
And it’s important to check with the scrap yard on current prices before selling your scrap metal
By understanding how scrap yard transactions work
The prices of different metals, you can ensure that you get a fair price for your scrap metal.