Metalworking recycles scrap metal into new products. The industry covers sheet metal, steel, and noble metal working. Some centers buy metal from the public at a fraction of the spot price. Metal processors may specialize in specific metals and work with vendors to offer premium prices. Large metalworking centers buy partially worked metal from small companies at a slightly higher price.
Metalworking refers to the industry of recycling scrap metal and metal products for reuse by the metal manufacturing industry. When metal products, such as cars, trucks or major appliances, become unusable for their original purpose, these items are often designated as scrap or salvage. This metal is processed in metal processing plants and recycled to create new products.
Some metals, such as aluminum cans, can be recycled an infinite number of times with minimal metal loss. This makes scrap metal processing a very environmentally friendly industry. The metal manufacturing industry can often use the metal produced by recycling centers to create products at a fraction of the cost that would be incurred using newly mined metals.
The metalworking industry covers many fields of metal recycling. These areas include sheet metal working, steel working, and noble metal working, among other fields. Some metalworking facilities may specialize in the recovery of a specific type of metal, and others may handle a variety of metal types.
Some full-service metalworking and recycling centers are open to purchasing metal from the public. These metalworking and recycling centers will purchase aluminum cans, salvaged cars, or other scrap metal at an advertised price. These companies typically purchase scrap metal from the public at a fraction of the spot price of the metal. This way, the metal processing and recycling center can afford to buy the scrap metal and still make money on the transaction when the converter sells the recycled metal to the producers.
Metalworking centers that handle specific types of metal are often more demanding of the vendors from whom they purchase their specific scrap metal. By working with a specific group of sellers and establishing long-term relationships with suppliers, these centers can usually offer a premium price on scrap metal purchases and still make a long-term profit. For example, metal processors who handle only the recovery of precious metals might buy scrap precious metals – such as gold, silver, platinum or dental amalgam – from jewelers, pawnbrokers, dental offices and electronics manufacturers who handle modest quantities of these precious metals on a regular basis.
Some metal processing centers only purchase metal from small recycling centers and salvage yards. Not all recycling centers and salvage yards are willing to invest in the extra money and equipment needed to completely transform scrap metal into reusable metal. These large metalworking centers step in to buy the partially worked metal from the smaller companies at a price moderately above the public purchase price. In exchange for this premium pricing structure, small scrap metal companies will handle pre-processing tasks, such as removing tires, glass and fluids from salvaged automobiles or stripping insulation from copper wires.
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