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Payout planning

How to Estimate Scrap Metal Value: Weight, Grade, and Price

A practical, price-neutral method for sorting a load, weighing each grade, applying a local yard quote, and estimating the payout before you drive.

ScrapValue 4.0 dashboard showing a current load estimate and work queue
The 4.0 dashboard keeps the active estimate, next actions, and saved work visible.

Your outcome

What this guide helps you do

Create a defensible mixed-load estimate without relying on a generic online price list.

Key takeaways

  • Estimate each grade separately: weight × matching quoted rate.
  • Use a local yard quote and keep its unit, conditions, and time.
  • Treat the result as a planning estimate until the certified scale and buyer determine the sale.

The basic formula

Estimate each material separately, then add the results: material weight × quoted price per unit = estimated material value. If your quote is per pound, use pounds. If it is per kilogram, use kilograms.

A mixed load is rarely paid as though every pound were the highest-value metal. Separating grades gives you a more useful estimate and a cleaner conversation at the scale.

Estimate your load in five steps

Use a repeatable process so the estimate can be compared with the final scale ticket.

  1. Separate the load by material and grade—for example, insulated copper wire, bare copper, brass, aluminum, stainless steel, and prepared or unprepared steel.
  2. Remove obvious non-metal attachments only when it is safe, lawful, and worth the time. Never burn insulation or coatings.
  3. Weigh each group. A platform scale is useful for containers; record and subtract the empty container weight.
  4. Call the yard for its current buying quote and ask how it grades your exact material. Prices and definitions vary by yard, location, preparation, and market conditions.
  5. Multiply each weight by its matching quote, add the material estimates, and compare the result with fuel, time, tolls, and other trip costs.
ScrapValue current load with copper, aluminum, and steel materials
A mixed load is built material by material, with each weight and rate contributing to the estimate.

Example without a market-price claim

Suppose you have 18 pounds of one copper grade and your chosen yard quotes that grade at $X per pound. That portion is 18 × X. Repeat the calculation for every other grade, then add the results.

This method deliberately uses the quote you received instead of a generic internet price. The yard's scale weight and grading decision determine the actual payout.

What can change the final payout

An estimate is a planning tool, not a guaranteed offer. Common differences come from material grade, contamination, moisture, attachments, prepared-size rules, scale weight, minimum quantities, and price movement between the quote and the sale.

  • Ask how long a quote is valid and whether it requires a minimum weight.
  • Photograph or label sorted groups so you can review a grade change.
  • Keep the scale ticket and record the final weight, grade, and payout for future estimates.

Use ScrapValue for the repeatable part

ScrapValue lets you enter material and weight information, estimate a mixed load, and save the run. The free version is enough to try a three-line load. Using your own local quote in ScrapValue Pro makes the calculation specific to the yard you plan to visit.

ScrapValue provides planning estimates and informational market context. It is not a binding quote, appraisal, offer, forecast, safety instruction, or tax advice. Verify prices, grades, accepted materials, and rules directly with the receiving yard.

Take the workflow with you

Start a ScrapValue load free

Build a useful three-material run before you upgrade. ScrapValue is available for iPhone, iPad, and Android.

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