The Comprehensive Guide to Scrap Metal Prices in the UK for 2024

The UK scrap metal market continues to be dynamic and ever-changing as we move through 2024 and look ahead to 2025. Prices fluctuate regularly due to a variety of factors, making it essential to stay updated whether you’re an experienced dealer, a tradesperson, or simply clearing out unwanted metal from your home.

If you’ve ever asked yourself, “What are the current scrap metal prices in the UK?” or “Where can I get the best scrap metal prices near me?”, this guide will provide you with all the insights you need.

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What Determines Scrap Metal Prices in the UK?

Several key factors influence scrap metal prices, including:

  • Global Supply and Demand

    Economic shifts, international trade, and industrial demand impact metal values.

  • Exchange Rates

    The value of the British pound compared to other currencies can affect UK scrap metal prices.

  • Energy Costs

    Higher energy costs in metal processing often push prices up.

  • Ferrous vs Non-Ferrous Metals

    Ferrous metals (containing iron) tend to fetch lower prices compared to non-ferrous metals (like copper and aluminium), which are valued for their durability and resistance to corrosion.

Scrap Metal Prices Per Tonne in the UK

The price per tonne is an important consideration for sellers handling larger quantities of metal. Generally:

Ferrous Metals: £100 – £200 per tonne
Non-Ferrous Metals: Higher due to greater demand, with copper, brass, and aluminium being particularly valuable.

It’s always best to check live prices with local scrap yards for the most accurate and up-to-date rates.

 

Non-Ferrous Metal Prices in the UK

Non-ferrous metals continue to lead the scrap market due to their higher resale value.

  • Copper: Typically the most valuable non-ferrous metal, often leading the pack.
  • Aluminium and Brass: While less valuable than copper, they still offer good returns.

When searching for “non-ferrous scrap metal prices today UK”, it’s important to differentiate between types. For example, copper pipes will fetch a different rate compared to aluminium cans.

sorted metal

Local Scrap Metal Prices

Scrap metal prices can vary depending on location. Regions like Manchester, London, and Birmingham may have slightly different rates due to demand and local processing costs. If you’re looking for “scrap metal prices near me”, consider contacting trusted scrap yards in your area.

To make this easier, Scrap Local provides a scrap metal prices page where you can check prices quickly and efficiently. Staying updated ensures you get the best deal without hassle.

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Finding the Best Scrap Metal Prices Near You

To get the best rates for your scrap metal, keep the following tips in mind:

  • Compare quotes from multiple yards to ensure you’re getting a competitive price.
  • Sell in bulk where possible, as prices per tonne are often more favourable than per kilogram.
  • Stay informed with live updates and tools that provide accurate, localised prices.

By regularly checking the scrap metal prices page, you can save time and maximise your earnings.

Scrap Metal Prices Per KG

While scrap yards often quote prices per tonne, understanding prices per kilogram is helpful for smaller quantities:

  • Example: If scrap metal prices are £200 per tonne, the price per kilogram would be £0.20.

For more accurate quotes, use our platform to connect with local yards and find the best rates for your specific metal.

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Scrap Metal Market Trends for 2024

The first half of 2024 has seen steady demand for scrap metal across the UK. With the rise in sustainability and recycling initiatives, metal recycling has become a crucial part of the circular economy.

  • Non-Ferrous Metal Trends: Copper remains strong, driven by demand for electrical components and renewable energy infrastructure.
  • Ferrous Metal Trends: Construction and manufacturing sectors continue to drive demand, keeping prices stable.

Staying informed about scrap metal prices is essential, whether you’re selling ferrous or non-ferrous metals. By understanding the factors that affect pricing, checking local rates, and leveraging tools like the local scrap metal prices page, you can maximise your returns with minimal effort.

If you’re wondering, “What are the scrap metal prices today?” or looking for the latest “scrap metal prices near me”, trust Scrap Local to keep you up to date.
Visit the Local Scrap Metal Prices Page Here

Make the most of the growing scrap metal market in 2024 and turn your old metal into cash today!

FAQs: Scrap Metal Prices in the UK

If you’re new to scrap metal recycling or looking for ways to get the best prices, these frequently asked questions can help you navigate the process with confidence:

  • What factors affect scrap metal prices in the UK?

    Scrap metal prices are influenced by global demand, exchange rates, energy costs, and the type of metal (ferrous vs. non-ferrous).

  • What are the current scrap metal prices in the UK?

    Prices vary depending on location, type of metal, and market demand. It’s best to check live prices with trusted scrap yards.

  • Why are non-ferrous metals more valuable than ferrous metals?

    Non-ferrous metals like copper, brass, and aluminium are corrosion-resistant and have higher demand in industries, making them more valuable.

  • How can I find the best scrap metal prices near me?

    Compare quotes from local scrap yards and check platforms like Scrap Local to find up-to-date regional prices.

  • How do scrap yards calculate prices per kilogram?

    Scrap yards typically calculate prices based on a per-tonne rate, then divide by 1,000 to determine the price per kilogram.

  • What are the latest trends in the UK scrap metal market for 2024?

    Trends include a strong demand for non-ferrous metals, such as copper, driven by renewable energy projects and industrial demand.

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