Due to the high production of consumable products one of the problems that have been faced globally is the higher volume of waste and disposal. For example, there has been a very serious concern due to the higher consumption of plastic and the disposal of this plastic in the ocean which is damaging the environment. The same will apply to electronic devices like mobile, and laptops. 

But in the last two decades, there has been a serious effort to turn all these problems around. Especially when it’s come to larger items like cars, there has been a major shift in utilizing scrap metal prices in Perth for the production of cars. it is very applicable in terms of cost because the metal used in cars is durable and can easily be moulded into a new Form to be utilized for further production but here, we will be discussing how the business of scrap metal runs and how the people associated to do business on their living from it. 

1. The people associated with the scrap metal business have to ensure that their supply line should always intact. As they don’t have any natural resources from where they are getting their scrap metal so they have to ensure that they have a network of the people who will be providing them with their supplies. For example, if the person is working as a scrap metal trader in Perth, we have to ensure that everyone in the city of Perth wants to sell any scrap metal they should have contact with them. This will help them to keep their cycle running. 
2. The traders should be informed about the current market scenario about the supply and demand of the scrap. This helps to determine the scrap metal prices. There’s always seasonality when it’s come to supply and demand because scrap metals are trading daily so there will be a lot of price fluctuation due to this factor. If they want to earn profit then they have to ensure that they will be buying scrap when the market price is low and selling it when they are getting a good margin. The trader has to keep watch on scrap metal prices for effective trading.
3. Communication of scrap metal is one of the tough jobs and the sources can vary. the smaller traders can accumulate scrap by paying cash for scrap cars. the primary source of scrap metal usually scraps cars and many people prefer to sell their old cars. This helps trader to get the good quality scrap car and the owner of the car gets cash for scrap car. 
4. Upon accumulation of the scrap cars and the other material that can be used as scrap metal. That traders always have to find a buyer for these scrap metals. The square metal prices will be determined according to the factors like supply and demand, freight charges and quality of scrap.