Low alloy steel is a beneficial material because it retains specific chemical compositions that deliver improved mechanical properties compared to conventional mild or carbon steel materials. When such steel is pushed through a punch press production line, punching scraps are created as a result of the punch press puncturing a hole through the sheet metal. These scrap pieces are gathered in a die, where they can be later collected and recycled. As one of the most cost-effective methods for fashioning holes in sheet metal in a high volume metal production process, scrap alloy punchings are a common residual material that happens to still contain a nominal amount of value.
Continue reading to learn more about low-alloy scrap steel punchings, including their current market price and where to sell them in Indiana.
Low-alloy scrap metal punchings can range in composition. However, the industry-accepted definition states that they should contain no more than 0.4% manganese and no less than 0.05 to 0.06% chromium. Furthermore, all such punchings are produced at 12 inches, and always under certain specifications decreed by the Institute of Scrap Recycling Industries.
The current scrap metal prices for low-alloy punchings is $280 per gross tonnage (GT). However, this price not only fluctuates, it varies depending on several factors. These factors will be the ultimate influence over how much you profit from your scrap metal punchings. If you have additional scrap steel, this might help you render a fuller profit at an Indianapolis scrap metal recycling center or local scrap metal buyer.
Contact a Metal Recycling Company for a Quote
Call Zore’s Recycling at 317-244-0700 to recycle steel in Indianapolis, Indiana. Not only has Zore’s Inc. been a family owned and operated company for over 75 years, we pay cash on the spot for your metal commodities. We accept cans, sheet metal, appliances, vehicles, auto parts, equipment, and more! Request a free estimate, today.