What are local buyers for scrap metal?


Quick Answer

Local buyers for scrap metal are dealers who buy and recycle scrap metal in a particular area. The buyers categorize scrap metal in different groups including non-ferocious scrap, ferocious scrap, e-scrap and brokerage.

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Full Answer

The prices paid for scrap depend on the type of metal, the weight and the group into which a particular scrap metal falls. Dealers accept metals such as aluminum, steel, copper, insulated wire, stainless steel, brass and nickel alloys. Some scrap metal dealers also purchase junk vehicles. The companies recycle the metals and sell the resulting products in U.S. and international markets. This industry is vital to the U.S. economy.

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