How Much Does Scrap Metal Pricing Fluctuate?
Whatever reason you have for trading in your old scrap metal, you want to get the best possible value for it. Whether you’re trading in old appliances or clearing out wiring and other materials from a construction site, you should always shop around for fair scrap metal prices. But given the frequent price fluctuations for scrap metal, that can be a tricky proposition. We’re here to offer some insight on what causes these shifts in value so you can have the knowledge to pursue the best scrap metal prices per pound. Why Do Scrap Prices Fluctuate? As with most things, the simple answer is the law of supply and demand. But what factors contribute to that? Usually, there is one major reason behind the availability of materials and their resulting prices. Lately, even though the quantity of metals hasn’t deviated tremendously, that key reason is a shortage of labor and resulting transport delays caused by the global COVID-19 pandemic. This bottleneck, whether due to government restri...