The good news is that there are many scrap yards in South Africa that are willing to pay for various types of metals
In this article, we’ll discuss: How much do Scrap Yards Pay?
- Scrap yards work
- How much you can make per kg of scrap metal.
How do scrap yards work?
Scrap yards are businesses that buy and sell scrap metal.
- Purchase various types of metal from individuals or companies
- sort them, and then sell the metal to manufacturers who use it to make new products
- The prices scrap yards pay for scrap metal are based on the market price for the metal, as well as:
- The type
- Quantity
- Quality of the metal.
How much can you make per kg of scrap metal?
The amount of money you can make selling scrap metal depends on the type of metal, the quantity, and the current market price.
Some metals, like:
- Copper
- Aluminum, are more valuable than others
Such as :
- Steel
As of March 2023, the current prices of scrap metal in South Africa are:
| Scrap Metal Prices | Average Cost |
|---|---|
| Aluminum | R13 – R24 per kilogram |
| Brass | R40 – R110 per kilogram |
| Cast Iron | R1 – R2.50 per kilogram |
| Copper | R120 – R165 per kilogram |
| Lead | R15 – R24 per kilogram |
| Magnetic Steel | R2 – R7 per kilogram |
| Stainless Steel | R10 – R32 per kilogram |
| Steel | R1 – R5 per kilogram |
| Tungsten | R120 – R270 per kilogram |
Keep in mind that these prices are subject to change based on market conditions and the demand for each metal.
How can you get the best price for your scrap metal?
To get the best price for your scrap metal, it’s essential to:
- Do some research and shop around
- Look for scrap yards near you
- Compare their prices and policies
- Some scrap yards may offer a higher price per kg for larger quantities of metal
- So it’s worth asking about bulk pricing
- It’s also essential to sort your scrap metal by type to ensure that you get the best price for each type of metal.
Conclusion
There are many scrap yards in South Africa that are willing to:
- Buy various types of metal
- The amount you can make per kg of scrap metal depends on the type of metal, the quantity, and the current market price
- To get the best price for your scrap metal, it’s important to research different scrap yards
- Compare their prices and policies
- Sort your scrap metal by type to ensure that you get the best price for each type of metal
- Sell your scrap metal to the scrap yards that offers the best price for your metal
