By all accounts 2020 has been a pretty tough year so far. Many industries have suffered, and families are thinking a lot harder about their spending to try and save their pennies wherever they can.
One piece of good news that’s provided us a bit of comfort at least is that the price of scrap metal is on the rise! As with many other industries, the global scrap market is beginning to recover from the COVID-19 lockdown and this upward turn is set to continue.
If anyone was planning on selling old appliances for scrap or scrapping their car – now is the time. The lockdown has made lots of people realise they can do without their car and it’s a great time to take advantage of the situation.
As car listing site Honest John reports, August is usually a time of year when scrap car prices take a dip – but this year they’re on the rise, bouncing back from the 24% fall we saw back in April.
The lockdown has also given people the chance to go through their lofts, gardens, and garages and now’s a good time to cash in on any scrap metal you might have found along the way. Make sure to check amongst your scrap for any hidden treasures that might be lying around!
The scrap metal market fluctuates with supply and demand and it’s always best to seize the opportunity while the market is good, especially if you’ve been holding out for the prices to rise again, so you get a good deal. At Singleton’s we’ll always try to offer the best prices .
If you’re wanting to take advantage of this and have some scrap metal to sell, we’re all ready for you at the yard – and you can read about the ways we’ve continued to make everything safe so you can come and drop off your scrap while maintaining social distancing.
Feel free to get in touch with us for any more information or to make an enquiry.Back to all blog posts