How Scrap Prices Are Determined: From World Market to Your Wallet
A scrap price is not a guess -- it's the result of a precise calculation. The price you get for your scrap metal is mainly governed by three global and local factors.
1. Commodity price on the world market (LME)
All metal trading is based on London Metal Exchange (LME), the world's center for industrial metals. Here, global reference prices are set for everything from copper and aluminium to zinc and nickel. As the LME price of copper rises, so does the value of your copper cable. We at Skrotify use real-time data from the LME and leading scrap indices as the basis for all our pricing.
2. Purity: The Quality of Your Scrap
All metal is not created equal. A roll of pure copper wire has a higher value per kilogram than an old electric motor, which contains both copper, steel and plastic. The degree of purity indicates how much of a specific metal your scrap contains after impurities and other materials have been counted. The cleaner the material, the less processing required — and the higher your price.
3. Deduction for Handling and Logistics
In order for your scrap to turn into a new product, it must be collected, transported, sorted and processed. These costs, along with our margin, are deducted from the commodity price. Through Skrotify's smart logistics and digital flows, we optimize this process to keep costs down and maximize the final price to you.
Scrotify Pricing Model: The Formula That Gives You Answers Instantly
To make pricing completely transparent, we use a clear formula. Here's how our AI engine calculates your price in real time:
Scrap price= (commodity priceLME×purity) − (Handling costs+Transportation+Margin)
Of course, you don't have to count on this yourself. It would be mean of us to list all the underlying alogorhythms that you additionally need to take into account in order to make it all right. IN Skrotify portal you easily enter your metal type, estimated weight and address. Our system makes the calculation for you and presents a daily current price directly on the screen.
More Than Just Money: The Environmental Value of Your Scrap
Selling your scrap isn't just about finances. It is one of the most powerful climate actions a company or individual can take.
- CO2 savings: Recycling aluminium requires up to 95% less energy than producing new from scratch.
- Circular Economy: When you sell your scrap, you ensure that valuable resources stay in the cycle instead of turning into waste.
In the Skrotify portal, you not only get paid — you also get an environmental report that shows exactly how much CO₂ savings your recycling has contributed to.
How to Get Paid: From Question to Payment in 3 Easy Steps
Stop guessing and start knowing. With Skrotify, the process is easier than ever.
- Visit the Skrotify portal: Enter portal.krotify.se.
- Describe your junk: Select the type of metal, specify the estimated quantity and where it is located.
- Get price and book: See your price instantly and book a pickup that suits you.
We'll take care of the rest. The money is paid out digitally as soon as the material has been received and verified.
Summary — What is your scrap worth?
The value of your scrap is the sum of the world market price and the purity of the material, minus the cost of getting it back into circulation.
With Skrotify, you no longer have to wonder. We give you the tools to see the true value of your scrap — both economically and for the planet. Together we make metal recycling transparent, profitable and sustainable.
