If you have a lot of scrap metal that you want to get rid of, you should do it soon. There is no telling when you will have to pay local Palmerston North scrap buyers to take them off your hands.
Old cars should go
Six years ago, the New Zealand government encouraged car owners to get rid of their old vehicles that did not pass a Warrant of Fitness (WoF) in a vehicle scrappage trial in Christchurch and Wellington. Older vehicles use more fuel and are not as safe. While the trial was not as successful as hoped, it did show the need for more people in New Zealand to recycle their old cars. The average age of cars in New Zealand is 12.9 years.
Drop in steel prices
According to MacaulayMetals.co.nz, the bulk of the scrap metal buyers can use is steel. They send it for reuse by local industries, or they export it to other countries.
However, there has been a recent drop in steel prices that are seriously affecting the business of scrap buyers in New Zealand. Smaller operators have already closed down operations until prices go back up. Experts say this may not happen anytime soon. Bigger companies do more processing onsite to get other metals that have more demand, and sell those.
Not worth the trip
Many scrap buyers find that buying and picking up old cars and other scrap metal is costing them about the same amount, as they will make from selling them. If a local scrap buyer is willing to pay you for your old metal, it would be a good idea to take them up on their offer. If you think that prices will go up soon, you are taking a risk.
Some no longer consider it worth the trip, let alone pay you anything for it. If you want to get your old car or refrigerator off your property, you may have to bring it to the scrap yard yourself, or pay someone to do it for you.
If you have a car that is more than 12 years old, you may not be able get a WoF. This means you cannot use that car legally in New Zealand. The only option is to sell it for scrap. If you want Palmerston north scrap buyers to pick it up and pay you for it, you should do it soon.