If you’re about to get rid of some old gym equipment – hold on and don’t rush. Your best bet may be to sell that used equipment to a scrap metal dealer. Whether you’re a gym owner or a fitness enthusiast, you can make some extra money by recycling scrap metal from exercise equipment.
In today’s environmentally sensitive world, recycling has become a buzzword across all industries. Scrap metal recycling has been booming in recent years as the business has created more benefits for consumers and businesses who want to recover and recycle scrap metal. Even recycling the smallest amount in a household environment has positive contributions across many categories.
Scrap iron actually includes both pure iron and steel. That’s because steel is made of iron. It means that everything from nails and screws; to pots and pans; to car parts and electronics; to pipes and plumbing; all contain iron and/or steel. It’s pretty much anywhere in your household!
Unlike other metal recycling, iron recycling incorporates only ferrous metals. Ferrous refers to any metal that contains iron. These metals are magnetic in nature, and contain a significant percentage of iron. With steel, iron is the main ingredient, and other metals are added during manufacturing. In North America, appliances, automobiles, and construction materials account for the major amount of recycled material. Huge amounts of structural steel and automobile metal are recycled every year in Toronto. Continue reading
Worldwide, industry statistics show that stockpiles of metal ores are reducing in volume. As such, the metal recycling market is being challenged with greater demand. And to replenish shrinking stockpiles of metal, the market is relying more and more on the recovery of scrap metals from end-of-life products. Reusing recycled metals as raw material for new products is fast becoming the norm. It’s a win-win scenario – raw resources are being conserved; energy is being saved; and overall pollution levels are being reduced. Continue reading
Like all market driven metals, scrap steel prices also have ups and downs, based on the supply and demand dynamics of the day, and of course, worldwide influences. At some times, the overall cost of collecting, processing and distributing scrap steel is greater than its value – it’s simply not worthwhile. At the same time, market forces work in the complete other direction, and make the value of scrap steel worth the investment. The thing is, ferrous metal recovery, processing, and recycling is capital-intensive and it affects the entire supply chain from end to end. Continue reading
This is one of the most frequent questions in the scrap metal industry, particularly for those who are serious collectors. And understanding the differences can have a considerable bearing on the buying and selling of scrap material. In simple terms, ferrous metals DO contain iron, and non-ferrous metals DO NOT. But it’s not easy to discern when simply inspecting a piece of metal. Continue reading
Most scrap metals are easy, practical, and profitable to recycle. And whether the scrap is collected domestically, or by scrap metal businesses, most of the scrap finds its way to a processing facility. The thing is, metal holds its value far better than the other recycled materials, like paper or glass. More than that, most metals can be recycled over and over again, without losing their integrity. It’s therefore crucial that discarded metal be recycled wherever and whenever possible. It makes excellent economic sense, while having a positive effect on the environment. Effective recycling also diverts unnecessary waste from landfill sites, and forestalls the need to mine virgin ores. Continue reading
Probably the biggest mistake when customers are choosing a scrap metal dealer is to focus only on the best price. And while this is certainly an important factor when it comes to making a living, there are other factors that should be given equal consideration. After all, choosing a scrap metal dealer is all about a business relationship, and hopefully a relationship that will grow in future. Continue reading
Simply from an eco-conscious perspective, metal recycling has implications for the whole family. And if it’s to be a family effort, it will naturally include the kids. Whatever the motivation behind recycling, parents should definitely pass on the commitment to their kids. Educating kids about metal recycling is just good education – there’s the idea of reducing garbage; there’s a personal sense of protecting the environment; and there’s a long-term vision for keeping the water and air clean. Overall, it’s a sense of responsibility that will set the stage for the next generation. Continue reading