A trusted name in metals recycling, Tal Metal is a leading recycler of scrap wire, offering the best possible prices in today's market. Throughout the Richmond Hill area, and in the suburban communities of the region, Tal Metal is your dealer of choice for scrap wire and scrap metal.
Scrap wire prices around the world are influenced by the metals markets, as are other scrap metals and virgin metals. While supply and demand dynamics dictate prices, worldwide inventories are monitored for accurate forecasting. But there is also a "hidden" metals market that isn't part of the conventional market - its comprised of scrap metal, including scrap wire, and other metals.
By way of example, about a third of the world's copper consumption comes from scrap, which includes all kinds of scrap wire. Commonly, when demand exceeds supply, prices are higher for both virgin metal and scrap metal, and scrap wire is no exception.
Scrap metal volume usually declines when the manufacturing sector slows down, and fewer goods are produced. As a result, less waste is generated, and less scrap wire is available in the market. And when global economic growth is slow, fewer people discard their air conditioners and vehicles - again, making for less scrap volumes.
Supply and demand fluctuations in the market can often have a balancing effect on scrap metal prices. Some industry experts maintain that scrap metals, including scrap wire and copper can actually add stability to an otherwise unstable marketplace. It means that recycling scrap wire can actually create some continuity in the market.
Apart from the influences of the market, scrap wire remains valuable, especially when containing copper, which is considered number one in the recycling sector. With quality as a prime consideration, scrap prices will always be based on the grade of material, and on the amount of copper content.
Production disruptions in mining also cause inventories to rise and fall, and scrap wire prices are often affected. In all segments of the recycling market, suppliers and consumers are affected by price fluctuations, and all of them react, according to their particular interest.
Without doubt, global inventories and customer demand have an effect on localities like Richmond Hill. And its the established scrap metal dealers like Tal Metal that can effectively navigate the market and provide the best possible pricing year-round.