With a long-established reputation, and a trusted name in metals recycling, Tal Metal has become a leading recycler of scrap wire, offering the best possible prices in the market. In Mississauga, Ontario, and throughout the suburban communities of the region, Tal Metal is your one-stop dealer for scrap wire and scrap metal.
Globally, scrap wire prices are influenced by the commodity markets, just like other scrap metals and virgin metals. With supply and demand dictating the prices, trends and supply levels from around the world are monitored and forecasted by market watchers. But there are also “hidden deposits” of metals that aren't part of the conventional market – these so-called “hidden deposits” are comprised of scrap, including scrap wire, scrap copper, and other metals.
A significant source of scrap wire actually comes from discarded copper - and very often from copper wiring that is built into air conditioners, automobiles, even building materials. Large supplies of scrap wire are also generated by manufacturers, industrial facilities and factories, with all of this waste making up those “hidden deposits” of scrap metal.
In the scrap copper sector, statistics indicate that about one-third of the world's consumption comes from scrap copper, including scrap wire. So when demand exceeds supply, there will be higher prices for both virgin metal and scrap. The opposite applies when supply exceeds demand.
Scrap metal volumes usually decline when manufacturing slows down, and fewer goods are being produced. Consequently, less waste is generated, and less scrap wire is available. As well, when global economic growth is slow, fewer people scrap air conditioners and vehicles, again making for less scrap volumes.
Supply and demand fluctuations can also have a balancing effect on scrap metal prices. There are experts who maintain that scrap metal, including scrap wire and copper can stabilize an unstable marketplace. It means that recycling scrap wire of all kinds can create continuity in the market.
Apart from the influences of the market, scrap wire containing copper is considered number one in the recycling sector. And with quality as a primary consideration, pricing will always be based on the grade of the material, and on the level of copper content.
With production disruptions also causing inventories to rise and fall, scrap wire prices are quite often affected. In all segments of the market, suppliers and consumers end up being affected by price fluctuations, with everyone reacting, based on their particular interest.
Global supplies, inventories, and customer demand also has an effect on localities like Mississauga, leaving established scrap metal dealers like Tal Metal to navigate the market and provide the best possible pricing around the calendar year.