Like many commodities, the prices of scrap metal vary, week to week, month to month, and year to year. They can sometime seem impossible to guess if the price will be up or done compared to the previous period. But how to scrap yards determine scrap prices? You’ve guess it, there are a few different answers.

The Market

The Market we are talking about here is the Comex Copper Price Market. Just like the stock market, the Comex Copper Price Market is where copper contracts are traded and sold each day. There is also the LME or London Metal Exchange, which is the largest metal and commodities trading site.

The World

The world economy also plays a role in the prices for scrap metal. When other markets, such as China and India are consuming products and building out their infrastructure, the demand goes up for the metal and iron. Thus, you could expect a raise in the price of your scrap metal.

Supply & Demand

In economics 101 you probably learned of supply & demand. You can denounce that supply and demand obviously plays a factor in scrap metal pricing. Too little scrap metal on the market? The price is higher. An influx of scrap metal on the market? You can expect the prices for your scrap to be lower.


Does Oil Prices Affect Scrap Metal Prices?

Like many markets, there are many outside factors that can affect the pricing of another market. This is true in the metal scraping and recycling industry as well. Demand is always a driving factor for the price of anything in any market, but there are always tens or hundreds of factors that influence pricing as well. When it comes to scrap metal pricing, oil pricing does play a role in prices.

Why Do Oil Prices Affect Scrap Metal Prices

Oil affects so many things for so many reasons. Think about it, if it is more expensive to run machines because of the oil prices being so high, then the overhead will affect the price of the new production of metals and thus drive the prices up. But when the pricing of oil is low for such a long time the reverse affect will begin to take place.

If oil prices are so low it will affect the overhead, driving those prices lower, and then from there the scrap prices will start to take an affect. There will generally be a bit of a hangover affect because some of the materials that are needed will need to fill higher priced orders, but the overall picture will make sense because of the scrap prices.

For those who scrap metal often, they may try to figure out all the factors that influence pricing. Using oil prices to do so is not always the best idea. In the last 10-15 years the markets have changed so much. And because of other factors, its hard to directly correlate the price of oil to the price of scrap metal.

old carFor Lawrence drivers that have an old vehicle that is just sitting in their driveway or garage, the thought of junking it has probably crossed your mind. If you’ve had this thought, there are various benefits of getting rid of your old car that you might not be aware of. Anestis Metals has put together a few advantages to help with your decision of junking your old car!

  • Cars that don’t run properly and are just sitting in your garage or driveway are essentially just paperweights that are taking up space at this point. This space can be used to store items that you actually use on an everyday basis.
  • If you decide to junk your unused car, most places will give you a cash payment the same day that you bring it in! This can be put towards a new car, maybe a trip or just save it for a rainy day!
  • One of the biggest benefits of junking your old car is saying goodbye to all of the issues that come with it and the costly maintenance. There’s no point in spending money on repairs or insurance if it’s not running and just sitting at your home.

If you have an old car that you’re looking to get rid of, contact Anestis Metals today! We are happy to answer any questions you may have about this process. Contact us today by calling us at(978) 681-6000 or by filling out our online form.

Aluminum is one of the most common metals found in the state of Massachusetts. Between pots and pans or cans of soda, it’s virtually impossible not to make contact with aluminum every day. Because it is so common, aluminum is one of the most recycled metals in the US. However, the EPA has stated that only about 50% of cans sold are being recycled.

Until 1886, the process of making aluminum was difficult and expensive. When a cheaper way to create aluminum was discovered, using aluminum became much more popular. This made it beneficial when it came to production, but the process releases a fair amount of carbon dioxide into the air.

Decreasing the Greenhouse Gas Emissions

The good news is that recycling aluminum only releases a portion of carbon dioxide. This is a much lower number compared to the amount when creating it from scratch. Not only will recycling aluminum make you some money, but it will save energy and decrease carbon dioxide emissions.

Help to Save Energy

Most processes of creating aluminum require the use of a lot of energy. The Aluminum Association states that if you recycle one can, it creates enough energy to run a tv for a few hours.

Help to Lower Waste

Instead of recycling it, it’s estimated that Americans toss out about 3 million tons of aluminum each year. Because aluminum can recycled and reused so much, it is much more cost effective than other metals. The more that aluminum is recycled, the need for manufacturers to produce it will decrease. This will result in less mining of bauxite.

If you have a large amount of aluminum that needs to be recycled, get in touch with a trusted metal scrap recycler like Anestis Metals! We are happy to answer any questions you may have on this process. For more information, please contact us by calling us at 978-681-6000 or by filling out our online form.

While it may seem easier to just throw away any unwanted paper products or cans, if you truly comprehended the benefits of recycling, you may think differently about throwing them out. Instead of tossing your unwanted metal out, check out some important reasons for recycling!

  1. An important reason to recycle is help in preserving resources. Recycling helps to reduce the use of natural resources, but also reduces resources that are used in your home. By recycling more often, you’ll be using less bins and in a small way, you’re also helping out our environment.
  2. One of the biggest aspects that contributes to global warming, is the steady increase in carbon emissions that are released into the air. Recycling helps to reduce these emissions, which will decrease levels of pollution that are floating around. While there has been damaged done to our atmosphere and we can’t undo that, we can prevent future damage by recycling.
  3. By recycling metal, we’re giving the government more opportunities to save money, which can be used to improve different parts of the economy.
  4. By recycling metal, you can end up saving money, which is one the best reasons to do so! If more people recycled metal regularly, it could cause the production of metal items to decrease thus decreasing the price of metal goods like canned goods.

There are plenty more reasons to recycle metal, but there are a few to get you thinking! If you’d like more information on recycling or would like to learn more about our recycling services, please reach out! Anestis Metal can be reached by calling 978-681-8000 or by filling out our online contact form.

Scrapping metal is great for making some extra cash, but did you know scrapping metal also helps the environment? Scrap metal lying in your yard or in the junkyard, can release harmful chemicals and refrigerants into the air, soil, and even into the drinking water supply. By recycling these metal scraps, we keep harmful chemicals at bay and reduce the amount of natural sources depleted by creating new metal. Companies like Anestis Metal, recycle various metals and help the environment in several ways:

Saving Energy

Mining and creating new metal consumes an excessive amount of energy compared to scrapping. By recycling the metal we already have, we save on the energy used. According to the Steel Recycling Institute, steel recycling saves enough energy to power the equivalent of 18 million homes for a year.

Reduce Pollution

Not only does recycling metal reduce the chemicals that seep into the soil, but it also helps reduce the amount of pollution that goes into the air. The heavy machinery used to mine and make the new metal, release far more pollutants than a recycling plant would.

Conserves Natural Resources

When creating new metal, many resources are used up such as ore, water, coal, and limestone. By recycling, we can decrease the amount of natural resources that we deplete from the earth and helping to be less wasteful!

To learn more about what kinds of metals you can scrap, visit us online or call us at (978) 681-6000 for more information.


During the summer, there are many options for scrap but here are some definite items that will be wanted all season!

  • AC Units: With the summer weather here AC units are a must for most! People will start taking out their air conditioner from their winter storage and realize that it’s damaged or want to upgrade to a more energy efficient unit. Look out for discarded AC units on the side of the streets of your neighborhood to take apart and scrap!
  • Poolside items: Pools go hand in hand with the warm summer heat. Home owners are opening up their pools and might find pool equipment that can be scrapped if it’s damaged or if it’s not working properly. Things that are good to scrap and sell to scrapyards are pool motors, pool heater, and aluminum/stainless steel ladders. Ask friends who owns pools for broken or faulty pool equipment.
  • BBQ Grills: Grilling food outside is summer favorite past time! This summer, look around your neighborhood for grills on the side of the road to scrap. You can scrap the top and bottom of a grill since they will be either aluminum or stainless steel, use a magnet to check! They may be bulky but they will be worth a good amount at the scrapyard.
  • Cans: Summer can’t be complete with a cold drink in hand when hanging out with your family and friends outside. Save beer cans or soda cans from your summer parties to scrap them for money! Collect 33 cans in order to make a pound of aluminum which can give you extra cash on the side to throw the next summer get together.

Enjoy having fun in the sun while making extra cash by scraping these hot summer items. Sell your scrap to a reliable scrapyard to get the prices you deserve at Anestis Metal! We buy ferrous and non-ferrous metal recycling so call us at 978-681-6000 or use our contact form to get quick cash this summer!