How Pricing Works?
We have simplified scrap pricing for you. Just follow our three steps below.
1. Check the Scrap Commodity Price Benchmark
Currently we are pricing five scrap commodities: aluminum, ferrous (iron) metal, copper, lead and electronic scrap. Prices are updated weekly depending on local and global market conditions.
More scrap (metal and non-metal) commodities will be added soon.
2. Check the Group (Grade)
Each scrap commodity is divided into three groups (Groups I, II, and III), depending on the "grade" (quality) of the material. Under each scrap commodity, click on "Details" to check which group your grade of scrap(s) belong to, by name or code. For more technical details and description on the scrap grades, check the ISRI Scrap Specifications available for download below.
Kindly note that only Electronics Scrap is not presented by ISRI Scrap Specifications, but by locally agreed upon groupings.
3. Discount the Grade Differential
Under each scrap commodity, each group has different price differential that change weekly depending on market conditions. Based on the kinds/grades that you have, use the percentages to discount from the scrap commodity price benchmark to price the scrap(s) you want to trade.
We are still in Beta and our price discovery is a work in progress. We are reporting prices for Lebanon. New markets will be added gradually. Prices are reported weekly on Tuesday at 18:00 GMT.
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