Is scrap metal really a lucrative business?

Discussion in 'Starting a Business' started by daytrader, Jan 3, 2014.

  1. daytrader

    daytrader
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    I did have a friend who started to buy scrap materials and resell it to the recycling center. Is scrap metal really a lucrative business?
     
  2. businessconsult1

    businessconsult1
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    Yup,
    Scrap metal has good market place and it will grow very widely in future because it has wide use such as manufacturing etc.But you should be keep updating with it's price and current market value.For the finding current market value of scrap metal you may visit this site: scrapmetalpricesperkg.org .
     
  3. businessconsult1

    businessconsult1
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    yup. Scrap metal is good business now,Because metal recycle will never get stopped and metal prices has been increasing day by day.If you would like to check out about scrap metal prices and it's current market value then i would suggest you to go through this link: www.escrapmetalprices.org.Here you will get all information about scrap metal and it's current market value.
     
  4. bburkeconsulting

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    Depends on the scale; how much metal you can get your hands on; and also what you consider lucrative.
    There is definitely some money in it, but if I don't think anything you can do by yourself will make you "well off"
     
  5. LogansWalk

    LogansWalk
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    I have a very good friend who was left with nothing but his junkyard and scrap business after a messy divorce, he was making pretty good money but about 4 or 5 years there were a lot changes made due to the amount of copper thieves in the area and prices went down for a while. He still makes a decent living but now he is running the place with only one helper and driving his wrecker to pick up junk cars as opposed to ten years ago when he was able to sit back and work out of the office.
     
  6. Jagdish Technocast

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    Scrap metal reusing is an extremely lucrative business, however it is entirely capital serious and requires a great deal of specialised expertise. At the point when individuals hear the word scrap metal, what strikes a chord is aluminium or iron waste.
     

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