Scrap consists of recyclable materials left over from product manufacturing and consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap can have significant monetary value.
Metal recycling and scrapping is a lucrative business for many, especially in tough economic times. While it's a dirty and possibly dangerous job, high metal prices can dictate large financial returns. Find out how to start a scrap metal business to decide if it can be a wise investment of time and resources.
Scrap metal business has three major priorities that should be first looked into before opening for business: the accumulation of scrap metal, the holding area, and the safety measures of the said holding area. Without these three, business may prove futile.
Scrap metal business may go by various monikers: metal recycling business, junk metal business, scrap metal recycling, scrap yard, waste metal recycling center, wrecking yard, breaker’s yard, etc.
