FAQs About Metal Recycling

FAQs

  • Do You Pay Cash for Scrap Metal?

    No, JK is prohibited from paying cash for scrap under Victorian law. However, we can provide payment for scrap metal via EFT or cheque. We buy all forms of ferrous (steel) and non-ferrous scrap. We will pay for any quantity of non-ferrous scrap, but you must have at least 500kgs of steel scrap to receive payment.


    The fastest and most convenient way for you to receive payment is via EFT. Remember to bring your banking details (BSB and account number), and we will put the funds in your account. Most people will receive the funds in their account on the same day.

  • Can You Collect My Scrap Metal?

    Yes – JK Recycling will collect your scrap metal from your home or factory. A charge may be applied depending on the type of scrap we are collecting and the quantity. Call us for more details.

  • How Much Will You Pay for My Scrap?

    Scrap metal prices can be volatile and change constantly. There are also many different scrap grades, making it difficult for us to quote prices without sighting the material. Call us to get an indication of the current price or, better still, bring your material down to our yard.

  • What Are Your Opening Hours?

    Our business hours are:

    Monday to Thursday, 7:30 am – 4:30 pm

    Friday, 7:30 am – 4:00 pm

    Saturday, 9:00 am – 1:00 pm

  • Do I Need to Be a Registered Business to Sell Scrap to You?

    No, you do not need to be a business or have an ABN to deal with JK Recycling. However, if the scrap you are selling is from a company or you are conducting a business collecting and selling scrap, you must provide us with an ABN, or we must withhold 46.5% of your payment and remit it to the Tax Office. If you can demonstrate that your scrap is non-commercial, we can buy junk from you within the limits defined by the Tax Office.

  • What Happens to The Scrap After I Sell It to You?

    Scrap metal is one of the most recyclable products in the world. By recycling, you are helping to reduce the amount of mining, water use, greenhouse gas emissions and energy consumption required to produce new metal. That’s great for the environment and great for your wallet!


    At JK’s, we sort the scrap into appropriate grades, remove various impurities (like stripping the insulation from copper cable) and prepare the scrap for transporting (by baling it, for instance). We then sell the junk to foundries that melt it down to create new products, electric arc furnaces (that produce new steel), or specialist scrap processors.

  • Do You Pay Cash for Scrap Metal?

    No, JK is prohibited from paying cash for scrap under Victorian law. However, we can provide payment for scrap metal via EFT or cheque. We buy all forms of ferrous (steel) and non-ferrous scrap. We will pay for any quantity of non-ferrous scrap, but you must have at least 500kgs of steel scrap to receive payment.


    The fastest and most convenient way for you to receive payment is via EFT. Remember to bring your banking details (BSB and account number), and we will put the funds in your account. Most people will receive the funds in their account on the same day.

  • Can You Collect My Scrap Metal?

    Yes – JK Recycling will collect your scrap metal from your home or factory. A charge may be applied depending on the type of scrap we are collecting and the quantity. Call us for more details.

  • How Much Will You Pay for My Scrap?

    Scrap metal prices can be volatile and change constantly. There are also many different scrap grades, making it difficult for us to quote prices without sighting the material. Call us to get an indication of the current price or, better still, bring your material down to our yard.

  • What Are Your Opening Hours?

    Our business hours are:

    Monday to Thursday, 7:30 am – 4:30 pm

    Friday, 7:30 am – 4:00 pm

    Saturday, 9:00 am – 1:00 pm

  • Do I Need to Be a Registered Business to Sell Scrap to You?

    No, you do not need to be a business or have an ABN to deal with JK Recycling. However, if the scrap you are selling is from a company or you are conducting a business collecting and selling scrap, you must provide us with an ABN, or we must withhold 46.5% of your payment and remit it to the Tax Office. If you can demonstrate that your scrap is non-commercial, we can buy junk from you within the limits defined by the Tax Office.

  • What Happens to The Scrap After I Sell It to You?

    Scrap metal is one of the most recyclable products in the world. By recycling, you are helping to reduce the amount of mining, water use, greenhouse gas emissions and energy consumption required to produce new metal. That’s great for the environment and great for your wallet!


    At JK’s, we sort the scrap into appropriate grades, remove various impurities (like stripping the insulation from copper cable) and prepare the scrap for transporting (by baling it, for instance). We then sell the junk to foundries that melt it down to create new products, electric arc furnaces (that produce new steel), or specialist scrap processors.

Tax Compliance

JK Recycling adheres to the Australian Taxation Office Code of Compliance for the Scrap Metal Industry. This requires us to maintain certain records of any purchases of scrap metal we make. To assist us in complying, please make sure that you have the following information with you when you are selling us scrap metal:

  • Your ABN
  • Your GST registration status (are you registered to collect GST?)

We can still purchase your scrap metal if you do not have an ABN. However, we will have to deduct 46.5% of the sale value from what we pay you unless you can complete a valid Statement by a Supplier indicating why you should be exempt.



For more information, please consult the ATO website.

Downloads

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