How to Turn Excess Steel Into Instant Cash

You’re not the first to find yourself in this situation. You ordered steel for your latest project, only to have the specs changed, or the design changed, or the amount needed changed. Now, with a pile of leftover steel on your hands, you must decide if you’ll stock it for the next project or find someone who needs the exact steel you have in your possession.

If this is what you’re facing, the answer is to sell. Turn that excess steel into instant cash. But here’s the kicker: You don’t have to find someone who needs the exact steel you have. A surplus steel supplier is ready and waiting to take it off your hands right now.

Here’s what you need to know.

Understand Your Stock

If you’d like to turn your excess steel into instant cash, you first need to have a solid idea of what you plan to sell. Gather information about metal types, lengths, widths, shapes, and any modifications that have been made. Note any rust, pitting, or other aesthetic imperfections. Some surplus steel suppliers won’t purchase anything that’s not in prime condition, but others are happy to take Less-Than-Prime® steel.

Contact Steel Suppliers for Information

Not all surplus steel suppliers will make selling your excess steel easy for you. Be sure you talk to a few to get the information you need to make the best choice for your bottom line. For instance, will the surplus steel buyer accept material in Less-Than-Prime® condition? If so, how many aesthetic imperfections are they willing to accept?

Can the surplus steel buyer accept steel that has been altered in some way, whether through sawing, shearing, or punching? Will they accept metal that may be oddly sized, or one-off lengths?

Will the surplus steel buyer come collect your excess material, or will you need to rent a truck or use your own equipment to drop the surplus steel off? If you do choose to deliver your leftover steel yourself, will you be able to handle the transaction quickly or should you expect to wait while other customers are being served?

When you call Texas Iron & Metal, you’ll find that we buy surplus steel of all shapes and sizes, with various aesthetic imperfections, and we’ll come pick it up for you as part of our service. Maybe you should just go head and call us first.

Verify Payment Types

Before you make any solid agreements with any surplus steel buyers, make sure you understand the payment process. Some may offer credit to use for future purchases rather than cash in hand. Some may ask you to wait a week or two while your steel is inspected before payment is rendered.

The best option, always, will be a steel supplier who is happy to pay you cash right away so you can start planning your next project instead of chasing down your money.

Again, that’s Texas Iron & Metal.

So, if you want to turn your excess steel into instant cash, reach out to us today. We’ll walk you through the process, pick up your surplus steel wherever you are, and get you on your way with cash in hand.