Upfront formula pricing helps you be in control of your scrap metal recycling program! We give you the tools to always know the price of your material before you sell to us.
Here’s how Upfront Formula Pricing works:
-  We evaluate your scrap to see if different sorting processes on your side or ours can help you maximize your money.  Â
- We create an index formula for each alloy you produce off of the standard public pricing formulas. Fastmarkets (fastmarkets.com) is the source for steel and stainless steel while the London Metal Exchange or COMEX are the sources for aluminum and copper based alloys on (metalexchangedirect.com)Â
- This index is agreed upon and Aileen will send you an email every month updating your formula and current price along with any other relevant items in the market to make you aware of.Â
- Steel pricing will hold for the entire month while the other non-ferrous metals are based on the report for the day of pickup.Â
In this way we build transparency in our partnership with our customers and that is the most important thing we can do to build a long term relationship!
For more details on how pricing is established, please see this blog we published previously:Â How Scrap Metal Prices Are Set.
