How to Estimate the Price of Your Scrap

Posted on November 17, 2021 by admin

If you are someone with a load of scrap metal on your hands, then you should be interested in selling it for profit. But in order to get started in the scrap metal buying and selling industry, it is important to first understand how scrap metal prices work. This knowledge will better prepare you so that you can get the highest returns for your junk metal.

Continue reading to learn the basics of scrap metal pricing, and where to go to sell yours for cash on the spot right here in Central Indiana.

Indiana Scrap Metal Buying Company 317-244-0700

Scrap Metal Prices and the Factors That Impact Them

The value of scrap metal largely depends on three factors: market value, weight, and purity. The price for a certain type of metal starts at a daily-fluctuating value on the market. From there, the purer your metal is, the more it is worth, and the more you have of it, the more you earn.

For instance, one ounce of 14 karat gold is worth less than one ounce of 24 karat gold. And on a day where gold is priced higher on the market, one ounce will render more profit than on a day where the values are ranked low.

Market Values for Scrap Metal

Once you have your weight and purity, you can look up the market value for your metal and do the math. Simply multiply the two values together for a rough estimate of what your scrap metal freight is worth. You can find current metal prices online for free. A recommended site is InfoMine.com.

Metal Analyzing Produces More Accurate Scrap Values

In order to know exactly what metals are in your scrap, you need a metal analyzer, which runs in the ‘tens of thousands of dollars’ range. For this reason, it is best to get the information you need (current market value and weight), and then visit an Indianapolis metal recycling center or scrap yard to have your scrap loads tested. This will give you an accurate estimation of your metal value.

Example of Calculating Scrap Value:

▷ Current Market Value for Copper = $2.14 p/LB USD
▷ Total Weight = 14.77 LBS.
► Estimated Worth = $31.61 USD

Look for Scrap Metal Buyers in Indianapolis

Once you have an estimated worth, you can start to shop around for buyers. Keep in mind that your estimated worth is just an estimation, and not necessarily an approximation of what you will receive in cash profit from a junk metal buyer or scrapper. Call around to several places to get quotes from buyers.

Look for Indiana metal recycling centers, metal refineries, used auto dealers and shops, independent scrappers, and scrap metal buyers. Choose a buyer with experience and a long-standing reputation within the community to avoid a fly-by-the-night buyer that pays low and then disappears.

Skip the hassle of searching for the best scrap metal buying company in Indy and go straight to the most trusted source around! Contact Zore’s Recycling at 317-244-0700 to get paid instant cash on the spot for scrap metal recycling in Indianapolis, Indiana.

How Much Can I Get for Low Alloy Punchings?

Posted on April 23, 2019 by admin

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.

Indianapolis Metal Recycling Center 317-244-0700

General Composition

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.

Average Value

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.

Thought-Provoking Questions and Answers about Metal Recycling and Environmental Wellness

Posted on July 29, 2015 by admin

Metal Recycling Center 317-244-0700

These questions and answers concerning scrap metal recycling and environmental wellness are truly eye-opening. What you learn from them will broaden your understanding on how impactful recycling and reusing really is for our Earth.

Continue reading to test your knowledge on scrap metal recycling and deepen your awareness on the importance of recycling in your home or community.

What are the Two Primary Differences Between Ferrous and Non-Ferrous Metal?

Answer: Ferrous metals are magnetic and contain iron, while non-ferrous metals do not contain iron and are not magnetic.

How Much Energy is Saved From Recycling Just One Plastic Bottle?

Answer: Enough energy to power a 60 watt light bulb for 6 hours!

TRUE OR FALSE?One Metric Ton of Computer/Laptop Electronic Scrap Metal Contains More Gold than 17 Tons of Actual Gold Ore.

Answer: True

How Many Soda Cans Would You Have to Stack Up in Order to Reach the Moon?

Answer: 3.3 BILLION! That’s 3,362,349,744 cans of soda!

Which Countries are Common Markets for United States Scrap Material Exports?

Answer: China, Canada, South Korea, Turkey, Taiwan, and Europe

When Did Society Begin the Practice of Melting and Re-Melting of Metal?

Answer: 7000 BC

How Much Carbon Dioxide is NOT Produced Per 130 Million Tons of Scrap Metal Recycled Each Year?

Answer: Three times the total amount of energy used by U.S. households each year! Wow!

Some Artificial Turf is Made from Recycled Tire Rubber Scraps.How Many Tires Does it Take to Make One Field of Artificial Turf?

Answer: 20,000 tires!

What is the Percentage of Recycled Vehicles in the United States?

Answer: Approximately 102%

For the Ones that Can’t Be Grown, How Do We Accumulate Materials to Manufacture New Commodities?

Answer: Materials must be mined or recycled

What Does RIOS Stand For in the Scrap Recycling Industry?

Answer: Recycling Industry Operating Standard

How Many Pounds of Paper are Recycled in the United States Every Year?

Answer: Approximately 334 pounds of paper PER PERSON!

So how did you do? Isn’t it amazing to see just how much recycling impacts our Earth every single year? Learning about the benefits of recycling encourages our personal initiative to do more for the environment! Just a few small changes can make a BIG impact!

Various commodities and materials are recyclable, including paper, plastic, glass, and of course, metal. Things like appliances, cars, tools, equipment, sheet metal, and more can be recycled, and some places even pay you cash for recycled metal! Call a local and trusted scrap metal recycling center for answers and information regarding metal recycling, cash for cars, junk car recycling, and more.

Zore’s Recycling

Indianapolis Metal Recycling 317-244-0700

Call Zore’s Recycling at 317-244-0700 for current metal prices for recycled scrap in Indiana. We are trusted and experienced metal recyclers that offer honest and ethical estimates for scrap metal and junk cars in Indianapolis. We pay cash on the spot for all sorts of recyclable metal: cars, trucks, watercrafts, equipment, appliances, power tools, electronics, jewelry, and more. Call 317-244-0700 for more information about
scrap metal recycling services in Indianapolis, IN.

Zore’s Recycling Pays Cash for Scrap Metal!

Posted on April 16, 2015 by admin

Electronic Recycling Services Indianapolis Indiana 317-244-0700

Zore’s Inc. has been a family owned and operated business since 1927, and continues to remain one of Indianapolis’ most trusted and reputable sources for wrecker services, metal recycling, and more. Our metal recyclers retain extensive knowledge on numerous types of metal, and remain proficient in current metal values and market prices. We strongly believe in integrity and sincere customer service, so you can trust that you are receiving an honest and fair offer for your scrap metal.

We are conveniently located in Marion County, on Mickley Avenue in Indianapolis. You can call 317-247-0700 anytime and speak directly with a friendly and knowledgeable company representative for information about our services and more. We offer several services relating to scrap metal recycling, and pay cash on the spot for all types of metals and metal commodities. Just look at all the things we pay cash for!

Metals We Recycle

Whether broken, dismantled, operational, or just plain junk, there are countless commodities that Zore’s Recycling accepts and pays cash for. Here is a just a quick look at some of the metals and metal items we accept:

• Steel & Iron
• Copper & Aluminum
• Gold & Platinum
• All Other Precious Metals (i.e. Tungsten, Silver, Cobalt, Zirconium, etc.)
• Nickle, Brass, & Lead
• Electronics
• Appliances
• Construction Equipment
• Power Tools
• Junk Cars and Trucks
• Water-Crafts (Jet-Skis, Canoes, Paddle Boats, etc.)
• Boats
• Motorcycles & Scooters
• All Other Motorized Vehicles (4 Wheelers, Golf Carts, Segways, Wheelchairs, etc.)
• Sheet Metal
• And More!

As you can see, there is really no end to the types of metals we recycle, as well as, the types of metal commodities. On top of paying the highest returns for scrap metal and other items, we offer several additional service and customer conveniences; such as:

• Roll-Off Service
• Container Service
• Free Haul-Away
• Metal Processing
• Auto Recycling
• Residential
• Commercial
• Industrial
• And More!

Indianapolis Metal Recycling Services

Zore’s Metal Recycling Indianapolis, IN 317-244-0700

Call Zore’s Recycling at 317-244-0700 and see for yourself just how lucrative it can be to sell scrap metal in Indianapolis, Indiana. We are happy to answer all of your questions and concerns regarding our Indianapolis metal recycling services and price tables. We only offer the fairest and most honest pay-outs for scrap metal, junk cars, and more. Call 317-244-0700 to learn more about recycling scrap metal in Indianapolis, IN today.

Scrap Metal Prices in Indianapolis

Posted on November 10, 2013 by admin

Indianapolis Metal Recycling 317-244-0700

Many people do not know that metal can be recycled for cash. In fact, many people do not know that certain metals are even accepted in exchange for cash at most metal processing centers. If you are interesting in recycling scrap metal for money, before you begin it is important to know that the price of scrap metal can fluctuate depending on a variety of factors. Environmental conditions, the economy, industry strength, and more can all influence the price value of certain metals.

Be sure to educate yourself on these values before taking anything to a scrap metal processing and recycling yard. This way you can be sure you are getting the best return for your recyclable goods. Continue reading to learn more about the current prices of scrap metal right here in Indianapolis.

Price of Scrap Metal

Almost all metals are recyclable. You most likely have thousands of household items that can be recycled for their metal parts that you would never even consider. For example, blenders, laptops, cameras, speakers, fax machines, refrigerators, stoves, ovens, appliances, silverware, camcorders, navigation systems, brass instruments, remote controls, auto parts, routers, hubs, circuit boards, hubs, cell phones, and more. Some of those listed items are never thought of as “recyclable” by the average person.

Once you are familiar with the kinds of metals that can be recycled, research the current market values for nonferrous and ferrous metals. An easy way to remember the difference between ferrous metals and nonferrous metals is this: nonferrous metals (i.e. aluminum, copper, gold, chromium, nickel, lead, etc.) are NON-magnetic; while ferrous metals (i.e. iron, steel, cast iron, etc.) retain magnetic qualities. Here are the current market values for recyclable metals in Indy:

53′ Sheet/Post/Wood Floor $1100.00/flat
Torching $210.00/ton
#2 Heavy Melting Steel $240.00/ton
P&S Prepared $260.00/ton
Gas Engines $295.00/ton
Whole Cars $165.00/ton
Sheet Metal $165.00/ton
Auto Cast $210.00/ton
Complete Computers/Servers $0.30/ lb
Complete Laptops $0.55/ lb
Extrusions Bare $0.62/ lb
Extrusions Ptd $0.55/ lb
Aluminum Radiators (Clean) $0.48/ lb
Painted Siding $0.52/ lb
Aluminum/Copper Radiators(Clean)$1.15/ lb
Alum Cans (Ubc) $0.48/ lb
Yellow Brass $1.53/ lb
#1 Cu $2.62/ lb
#2 Cu $2.44/ lb
#2 Insulated Wire $0.96/ lb
#1 Insulated Wire $1.67/ lb
Low Recovery Wire $0.53/ lb
Sealed Units $0.11/ lb
Electric Motors $0.21/ lb
Copper Radiators (Clean) $1.58/ lb
Ballasts $0.12/ lb
304 Stainless Steel $0.40/ lb
316 Stainless Steel $0.55/lb

It is common for people to feel nervous or intimidated when visiting a scrap metal yard; but one way to avoid this situation is to know the values of the metals you intend to recycle and finding a recycling yard that gives the most honest returns on values. Remember, the most challenging part of recycling metal is being able to recognize the metal you have and understanding its worth. Knowing these things can make a person much more confident in the metal recycling process.

Indianapolis Metal Recycling

Indianapolis Metal Recycling 317-244-0700

If you want the most honest cash returns for your recyclable metals in Indianapolis, Indiana, call Zore’s Recycling today. You can reach a licensed and experienced scrap metal professional by calling 317-244-0700, day or night. We accept all metals for recycling, as well as, junk cars, auto parts, electrical wiring, and more. For the highest cash returns on scrap metal in Indianapolis, IN, call Zore’s at 317-244-0700 today.

5 Copper Facts You May Not Know

Posted on September 10, 2013 by admin

Metal Recycling Center 317-244-0700

Copper is a familiar term used in many trades; such as chemical, technological, artistic, industrial, commercial, and more. The most well-known attributes about copper includes its current market rate and the fact that it is used in many household electrical wiring. The truth is, there is so much more to know about the metal called copper; and the facts we will discuss in this blog may surprise you!

Continue reading to expand your knowledge of copper alloy and its wide range of capabilities; as well as, some fun and interesting facts that will certainly make anyone appreciate this universal metal even more.

Fact #1

Copper has been used around the world for more than 10,000 years and perhaps even longer! For countless centuries, copper has been used for various causes. Currency, trading, construction, art, fine jewelry, photography, and more are all archaic, and even current, uses for copper all around the world.

Fact #2

Scientists, researchers, and archaeologists are convinced that there is still a vast amount of copper remaining in the Earth’s top kilometer of crust. These experts believe that if we continue to mine and extract copper at our current rate that we can continue to do so for more than five million more years. That’s a lot of copper!

Fact #3

Copper is one of the most recyclable metals found and used on Earth. In fact, nearly one half of the copper consumed annually in the United States is derived from recyclable materials. Copper’s recycle value is so great that premium-grade scrap metal has at least 95 percent of the original value of newly mined ore. It is estimated that nearly 80 percent of the world’s previously mined copper is still being used today. This is one of its greatest advantages.

Fact #4

Copper is the most durable and versatile metals known to man. It is sometimes referred to as, “man’s eternal metal” because it is malleable, ductile, and long-lasting. It is a better conductor of heat and electricity than all other metals on the periodic table; excluding silver. Without copper, electric light and space voyage might never have been possible!

Fact #5

The average home in today’s society contains around 400 pounds of copper! This includes electrical wiring, appliances, and piping. Also, many automobiles contain around 40 to 50 pounds of copper! To enjoy the society’s current “standard” of living, each human born will require at least 1500 pounds of copper for various resources and uses in their lifetime. What a wonderful natural commodity!

Indianapolis Metal Recycling

Indianapolis Metal Recycling 317-244-0700

For more information about copper and copper recycling services, call Zore’s Recycling in Indianapolis at 317-244-0700 today. We provide scrap metal recycling services, cash for scrap metal, and more! For quality scrap metal prices for copper recycling, call Zore’s Recycling in Indianapolis, Indiana today!