When companies use scrap metal to create new items, it requires less energy and reduces their carbon footprint. As a result, scrap metal is in demand, and scrap yards will pay you money in exchange for this valuable material. If you're considering recycling scrap metal to make extra money, check out these four important facts to help you along the way.
Many Different Types of Metals Are Recyclable
The most common metals accepted for recycling are copper, aluminum, brass, iron and copper, but different scrap yards may accept other metals, such as steel. Out of all the different types of metals, there are two categories: ferrous and non-ferrous, or magnetic and non-magnetic. Ferrous metals include steel or iron, while copper, aluminum, brass, stainless steel and bronze are non-ferrous. Generally, non-ferrous metals are more precious and will earn you more money at the scrap yard than ferrous metals. Even within the different categories, different types of metal are worth more than others. For example, although they are both non-ferrous, copper is worth more than stainless steel.
You'll Need to Sort the Metal
Because the type of metal determines the value, you'll want to sort the metal to get the most money possible. The scrap yard doesn't have time for this, so if you have valuable copper mixed in with a bunch of steel, you'll get less than you deserve. Start sorting the metal by separating the non-ferrous from the ferrous. This is easy to do if you have a magnet. Next, separate each pile into smaller piles based on what type of metal it is. This is the tricky part because you must learn to identify different types of metal. Make sure to also remove any large pieces of non-metallic substances, such as wood.
It's Best to Stockpile Metal
There is no minimum requirement when it comes to taking your metal to the scrap yard. They'll accept any amount. However, scrap yards pay you based on the weight of your metal. Therefore, if you only have a few pieces of metal, you'll get little or no money in return. This is just a waste of time, money and effort. Even if you do get a few dollars for your scrap metal, the time and gas it took to take the scrap metal to the scrap yard isn't worth it. That's why it's better to wait until you have a decent amount of metal that is actually worth a trip to the scrap yard.
Your Metal Can Be Rejected
There are many reasons your metal can be rejected. The most obvious reason they may reject your metal is if it is a metal they don't accept. This can be prevented by verifying what metals are accepted before you make the trek to the scrap yard. Gas tanks or anything with a gas tank can be rejected if not prepared properly. You must remove all the gas and clean them. It is also a good idea to put a hole in the bottom of the tank, so it's clear the tank is empty. Lastly, items that obviously don't belong to you are rejected. For example, a brand new washing machine or old railroad tracks will be rejected unless you can prove they belong to you.
Selling scrap metal is a great way to make some extra cash, especially when you know how to properly sort the different types of metals. If you are interested in making some extra cash by recycling scrap metal, contact some local scrap yards like Cherry City Metals in your area today. Find out what types of metal they accept and how much they are willing to pay for each metal.