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Metal Wealth: The Value of Scrap Metals

Scrap Metal in Wairau ValleyA recent report by the New Zealand Herald recounted the fate of World War II shipwrecks in the Java Sea. An intense naval battle during World War II in the Java Sea of Indonesia left five Allied ships at the bottom of the sea. Three of the ships belonged to the Dutch, while the other two belonged to the U.S. and the Britain respectively. The wrecks were discovered in 2001 by divers. In 2002, the ships were still at the bottom of the Java Sea. Now, however, they have completely disappeared.

Value in Metal

Authorities suspected that the ships were dismantled piece by piece and illegally sold as scrap metal. As well as being a high-profile theft, the disappearance also goes to show how valuable metal can be. Scrap metal, as you already probably know, can be sold to recyclers. You can do the same for metal salvage that you have, explains an expert from Metal Salvage Services Ltd. You can sell them to metal salvagers here in Auckland.

Metal Pricing

Now, not all metals are created equal. As you sell different kinds of metal, you will also receive different amounts of compensation according to the kinds of metal you sell. Scrap metals are first separated into two basic categories. Afterwards, each metal piece is further classified into a specific grade of processing which determines the price of each piece.

Ferrous

The two basic categories are ferrous and non-ferrous metals. Ferrous metals have magnetic properties and are normally heavier. Ferrous metals are cast iron, both light grade and heavy steel, and ferrous inorganic or products of mixed metal. Examples of such metal are car bodies, railway iron, and construction steel.

Non-Ferrous

Non-ferrous metals, on the other hand, are non-magnetic and have higher values than ferrous metals. Non-ferrous metals are aluminium, copper, brass, stainless steel, and lead. Examples are copper wire, pots, fittings, piping, and mag wheels.

You can find out more about these metals with further research. In this way, you can gain a better idea of pricing in metal recycling.

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