Scrap metal prices are categorized by the type of metal, such as ferrous (iron, steel), non-ferrous (aluminum, copper),precious (gold, silver), and alloys. Prices vary based on market demand and metal scarcity.

Ferrous Metals: These include iron and steel. Prices for ferrous metals are typically lower than non-ferrous metals due to their abundance and lower recycling value.
Non-Ferrous Metals: These include metals like aluminum, copper, brass, lead, and stainless steel. Non-ferrous metals are often more valuable than ferrous metals due to their properties and relative scarcity.
Precious Metals: This category includes metals like gold, silver, and platinum. Prices for precious metals can vary widely based on market demand and economic factors.
Alloys: Some scrap metals are alloys, which are mixtures of two or more metals. Prices for alloy scrap metal can vary based on the specific composition of the alloy.
Scrap Electronic Components: Electronics contain various metals like gold, silver, copper, and palladium. Prices for scrap electronic components can vary based on the type and quantity of metals present.