Tag Archives: scrap wire

Scrap Wire

It’s hard to know if the average person can really appreciate the value of scrap wire.  As a society, we waste so much, and dump so much, it seems unlikely that the average person sees any value in that trash.  But for the scrap metal collector, the value is measurable, especially when business depends on it.  And scrap wire can potentially be a gold mine.  The going price for scrap wire is not much different than other commodities, and the price that a scrap dealer will pay depends on a number of factors.  In addition, depending on the kind of wire, prices fluctuate based on the supply and demand influences that regulate the metal markets.  Understanding this, and keeping a close eye on the daily pricing will have bearing on the collector’s bottom line, because clearly it’s more profitable to be selling to the dealer when prices are high. Continue reading