At Joseph Freedman Company (JFC), we make money by saving you money. Specifically, we buy scrap Ferrous Metals such as steel and iron that are generally less valuable than non-ferrous metals; Non-Ferrous Metals such as copper, aluminum, and brass that are generally more valuable than ferrous metals due to properties such as density, weight, conductivity, and corrosion resistance; and Aerospace Alloys such as high-value titanium and nickel-based materials in parts made from exotic alloy solids, as well as chips and turnings that must be safely discarded to meet regulatory requirements.
Our value-added services reduce your costs and liabilities, making it simple and rewarding to get rid of recyclable metals. Just how rewarding, you ask? At JFC, we always offer the best price for the best recyclable metals. As for what constitutes a fair market price, that number can vary based on several factors such as the type of material being recycled, current market supply and demand, purity, location, and condition.
Our 6-step process is relatively simple and consists of:
- Buying recyclable metals from manufacturers by paying “top of top” dollar
- Sorting, cleaning, and packaging recyclable metals at our facility because we want to make sure that what we buy is turned into the most “valuable” commodity on the market.
- Selling recyclable metals in bulk, at the highest possible grade (quality level) and shipping them to mills or traders around the world to maximize value for our company and the community, and to do the right thing for the planet.
To determine the fair market price, we rely on market indexes such as the London Metal Exchange (LME) as a reference for setting our prices. These indexes track the prices of various metals on a global scale. Additionally, pricing in the metals recycling market is influenced by global economic conditions, geopolitical factors, and industry trends.
By following these 10 tips, you can make certain that you are getting the prices you deserve for your recyclable metals:
1. Know Your Metal Types. Separate metals by type (e.g., copper, aluminum, steel), or have a recyclable metals dealer such as JFC do it for you. It also helps to stay up to date with current market prices so you can make sure you’re getting the best deal. At JFC, honesty a big part of why we have been in business for more than 130 years, so if you work with us, you can be certain that you are getting the best prices for your metals.
2. Clean Your Scrap. At JFC, we perform this service for you at no charge by removing non-metallic materials such as plastic and rubber to increase its value, and most importantly, the amount we pay you.
3. Find Reputable Buyers. If you deal with JFC, you have already “checked that box.” By working with us, you have an ethical partner that follows the letter and spirit of environmental and safety regulations and gives you the best prices for your metals.
4. Sell Your Scrap in Bulk. Accumulate a large quantity of recyclable metal before selling it because bulk sales can command higher prices.
5. Maintain Proper Documentation. Having accurate records of the type, quantity, and condition of the recyclable metals you are selling is mutually beneficial. We can help you create those records, or we can verify yours.
6. Monitor Market Trends. Understand when demand for specific metals is high so you can get the best price. JFC can assist you in this way because paying you top-of-top dollar for your metals usually allows us to sell them at competitive prices.
7. Comply with Environmental Regulations. Make sure, as we do, that your recyclable metals handling and disposal processes comply with applicable laws and regulations, and that the dealers you work with value environmentally friendly recycling practices.
8. Implement Stringent Safety Measures. Make it a priority, as we do, to protect team members handling recyclable metals. Those actions include ensuring that the metals are stored and transported safely to prevent accidents and injuries.
9. Leverage Technology. Use advanced sorting and processing technologies to enhance the quality and purity of your recyclable metals. Also, use software to track inventory and market prices for better decision making.
10. Engage with the Community. Explain to fence line neighbors and community residents what you are doing to promote the environmentally responsible handling of recyclable metals in particular, and to run a safe operation in general. You might also consider becoming involved in local beautification programs (e.g., planting trees, cleaning up litter from parks and roadsides) and supporting a charitable cause if you are not already doing so.
By working with a reputable recyclable metals professional like JFC, you can be sure you’re getting the best price for your metals in every transaction while dealing with a company that provides its team members with safe working conditions, operates in an environmentally responsible manner, and gives back to the community. To get top of top dollar for your recyclable metals from a trustworthy partner…