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 Cash On The Spot... Some scrap companies offer cash on the spot. We believe it opens the door to potential problems. It creates an environment where employees can pocket the money, rather than giving it their employer...the manufacturer. With no receipts or paper trail to verify weights and pricing, the opportunity for a manufacturer to lose a great deal of money is there. In addition, there is little way to audit the cash system of payment! Receiving cash on the spot is quick and easy. The possibility of payments being smaller than they should be is high. L. Krinsky & Sons, Inc. does not offer cash on the spot. We provide weekly payments that are based on real numbers and fair market pricing. Our company also encourages the use of internal auditing systems to make sure you're always receiving fair market value for your scrap. If your scrap hauler pays cash and doesn't promote an auditing system of ensuring your getting fair market value for your scrap, it may be time to switch providers!
Nearly 80 million tons of iron and steel are recycled each year in the U.S. This is more than three times the amount in weight than all other materials combined. If companies look at only steel and aluminum as having value, they are missing most of the items that can be hauled away as scrap. They include:
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