How do you make consistent profits from your scrap metal in a volatile market?
There are two schools of thought on moving scrap metal:
- Hold on to it and wait for the market to go up
- Keep it moving and make your pre-determined margins. You may miss out on additional profits when the market goes up, but you’ll also minimize your losses when the market drops.
These two methods are very similar to investing in the stock market. Smart investors don’t try to time the market, they consistently dollar-cost-average into it which provides a hedge against large losses and a steady return over the long run.
We have always taken this second approach because we don’t gamble with your scrap metal. We’ve determined what our margins need to be as we continuously spread your scrap around the world. This win-win approach ensures that we’re consistently providing value to our customers and maintaining a strong business regardless of the economic conditions.
During this difficult time, make sure you’re working with a winner, not a gambler. We will never roll the dice with your scrap.
With a single call, you could start reducing your expenses and recapture your investment. As a full-service metal recycler, we consult for free to help you identify how to get the most value from your scrap.
