Exploring the Worth of Cast Iron
When it comes to metalworking, cast iron holds a special place. Its durability, versatility, and timeless appeal make it a sought-after material across various industries. However, whether you’re a seasoned metalworker, a hobbyist, or just an owner of cast iron pieces understanding the value of cast iron is crucial. From navigating scrap yards to keeping tabs on the latest scrap trends, let’s look into the world of cast iron value.
Cast Iron and Sustainability
Cast iron has an inherent value due to its sustainability. It is very durable as the metal does not rust – it very slowly oxidises. This also has a positive impact on the environment as the carbon-based ashes that are released during oxidation encourage plant growth and increase planktonic life in the ocean. Cast iron is brittle so it can be broken up easily into manageable pieces for recycling. And it is a perfect material to recycle since it retains its original properties following the recycling process. So it offers huge benefits for recycling and reuse.
Contact Cast Iron Welding Services if you have a restoration project to discuss.
Scrap Yards
Scrap yards are treasure troves for those in the metalworking business. Whether you’re on the hunt for the latest scrap or sourcing specific metal grades, here is where the magic happens. When it comes to cast iron, knowing how to identify and assess its quality is key. From recognising different types of scrap metal to understanding its ferrous nature, a keen eye can lead to valuable finds.
Local scrap yards play a vital role in the cast iron supply chain. Scrap yards serve as hubs for metal recycling, connecting suppliers with buyers and facilitating transactions. Whether you’re looking to offload scrap or purchase raw materials, establishing relationships with local scrap yards is invaluable.
Metal Grades and Ferrous Metals
Cast iron comes in various grades, each with its unique characteristics and applications. From grey iron to ductile iron, knowing the differences between these metal grades is crucial. Additionally, cast iron is classified as a ferrous metal, making it highly desirable for recycling purposes; ferrous metals retain their original properties after recycling. Its magnetic properties and durability make it a valuable commodity in the scrap metal industry.
Latest Scrap Metal Prices
As with other materials, the market price fluctuates over time. The value of cast iron is affected by its weight, condition, and overall popularity, as well as the forces of supply/demand.
The scrap market price per tonne of cast iron has fluctuated from £140 in 2014 to £200 in 2024.
Cast iron also has an intangible value which is driven by its sentimental importance and antique worth. It is useful to research the history in establishing it’s worth. The value of historical cast products has increased in recent years as restoration, upcycling, and the trend towards heritage styles have grown in popularity.
Whether you’re a dealer or craftsman, it is important to understand the ebb and flow of the market, so you can maximise the value of your cast iron finds.
Marie Palmer
Director
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