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MELBOURNE, Australia, May 19, 2021 /PRNewswire/ Offering car removal Melbourne-wide and beyond, scrap metal company Total Auto Recyclers are reporting skyrocketing prices, and industry experts say that the prices aren t likely to come down in the foreseeable future.
Last year, the going rate of scrap metal was $425 per tonne, a price well below the 10-year average. Today, scrap metal can be sold for up to $554 per tonne and experts aren t expecting a price drop anytime soon.
Cash for Cars Melbourne
Over the past year, the auto recycling industry has faced the same challenge as many other industries. The coronavirus pandemic forced ports to close, slowing down international exports, and producers of nonessential goods like scrap metal immediately felt the hit.