UAE is a progressing country in the Middle East with growing Construction and Manufacturing sectors. ‘This economic development also produced a huge scrap metal output. ’ The cost of scrap metals in the UAE has been observed to be volatile over time but recycling of this critical resource is very beneficial.
This article covers all you may want to learn about scrap metal prices UAE, as well as, an explanation of the kind of scrap accepted and their market value. We will also guide you on how to know current scrap metal prices in UAE, the advantages of scrap selling and procedures on how to sell scrap metal and earn a profit.
Types of Scrap Metal Accepted in the UAE
A wide variety of scrap metal is accepted by recyclers in the UAE. Here are some of the most common:
- Ferrous Metals: This category includes iron and steel, the most common types of scrap metal. Examples include:
- HMS (Heavy Melting Scrap): This is a general term that used to refer to any combination of heavy ferrous scrap usually from production units. It gets further divided into grades namely HMS 1 and HMS 2 depending on the size and the number of food particles that are allowed.
- Shredded Scrap: This is steel scrap that has been compacted and crushed into small pieces bearing in mind that recycling of steel involves scraping.
- Cast Iron: This is a hard form of iron usually used and transported in pipes and as machines and automotive parts etc.
- Steel Turnings: These are scraps of metal formed during the process of metal removal by some tools such as in turning and forging.
- Non-Ferrous Metals: These metals do not contain iron and generally have higher scrap metal prices UAE than ferrous metals. Examples include:
- Copper: A metallic element used in making wires, pipes and sheets needed in construction industries and processing industries as well.
- Aluminium: an easily worked member of the group of metals that is utilised in the formation of cans, parts of motor cars, etc. , and in constructional materials.
- Brass: A metal that is made from a combination of copper and zinc and is often recognized in the systems of water supply and drainage, doorknobs, and metallic bottles or shells.
- Lead: Iron: This is a densely packed metal that is not commonly used in metallic products as it has been deemed environmentally unfriendly. They further clarified that some recycling authorities may not accept lead.
- Nickel: A hard metal, resistant to corrosion, used in stainless steel and storage cells.
Note: This is not an exhaustive list. Always check with your chosen scrap metal buyer in the UAE to confirm the types of metal they accept.
Factors Affecting Scrap Metal Prices UAE
Several factors can influence scrap metal prices UAE :
- Global Market Fluctuations: Certain different metals help the global demands and supplies affect their scrap value. For example, demand for copper for the manufacturing of electrical cars could push up the image of copper scrap in the UAE.
- Metal Type: Non-ferrous metals normally cost higher than ferrous because they are rare and have a broad use in industries.
- Scrap Metal Quality and Cleanliness: More specifically, sources with fewer impurities, identified as clean and pure scrap metals, attract a higher price. Junk with heavy painting, oil, or combination grade will get a lower price or will not be bought in the market at all.
- Weight and Volume: In most cases, scrap metal is sold and purchased based on the weight which is given in kilograms or tonnes. Bulk purchases usually also come with lower prices since the cost of the product is spread over more units.
- Location: Scrap metal prices UAE can be affected slightly by the geographical location of the metal dealer and the distances they have to travel to the recycling facilities.
- Export Duties: The UAE government may require the payment of export duties especially on specific scrap metals and this may determine the price that recyclers are willing to offer.
How to Find Current Scrap Metal Prices UAE
Staying informed about scrap metal prices in the UAE is crucial for maximising your profits. Here are some resources:
- Scrap Metal Buyer Websites: It is on this basis that many standard and well-established scrap metal buyers in the UAE display their current buying price on their website.
- Industry Publications: Current price data can be obtained on trade magazines specialised on scrap metal as well as various online tools.
- Scrap Metal Price Aggregators: You can pay a visit to such web sites as https://www. facebook.https://www.aluminium-world-com/marketplace/category/scrap-metal/ provides a list of price ranges of scrap metals by sources so you can easily compare prices for the same type of metal from different geographic locations.
- Contact Scrap Metal Buyers Directly: The different scrap metal buyers that accept supplies from the UAE should be contacted and solicited for quotes in order to arrive at the most justified price for the scrap metalin question.
Remember: Like any other commodity in the market, the prices of scrap metals in UAE vary from time to time. It does not rank in terms of price; the price you receive today is not the same price you will be receiving tomorrow.
Benefits of Selling Scrap Metal in the UAE
Recycling scrap metal offers a multitude of advantages:
- Environmental Benefits: Recycling scrap metal can eliminate the need to GO out there and fetch metals, which is very destructive to the environment. It also assists in preserving the energy that would have been employed in mining and processing the new metals.
- Economic Benefits: Reuse of scrap metal gives the owner of the scrapped metals a chance to claim cash for clearing their homes or businesses of unnecessary metallic barials. This can be another way to earn some more money especially to those that have a lot of scrap material.
- Reduces Landfill Waste: In doing so, the company will be able to reduce landfill waste of scrap metal and provide a new channel for its recycling.
