5 easy steps on How to make the most money scrapping metal

5 easy steps on How to make the most money scrapping metal.

1.   Know your scrap yard(s).  What do they take?  How much are they paying, are they on the iscrap app so you can check prices?  Do they have a reputation as being honest or not? 

2.   Know your metals.  You need to know how to differentiate between the metals.  You need to be able to figure out the difference between steel, non magnetic stainless steel, lite iron, and pig iron.  You need to know the difference between cast aluminum, extruded, etc.  You need to be able to tell the difference between #1 and #2 copper and the other variants.

3.   You can’t be afraid to ask for help!  If you have things mixed up the scrap yard has to spend either time to fix it or get paid less money for metals that are mixed.  So they are almost always willing to help out! 

4.   Separate!!  Organize!!  It pays off big time.  Take the time to pull the brass fittings and copper pipe off of a hot water heater.  Put in the extra minute to take off the motor and thick ole three prong cable from that dryer.  In most cases you will find that those little pieces will be worth more than the whole!!  If you bring in a 100lb dryer, you get $8 about for the steel.  Or you can get an extra $0.24 per lb for that heavy motor and $3 per lb for the copper in there, and $1.70 for the chunks of brass.  And keep buckets going with just one type of thing in there.  One bucket for bright wire, one for #2, one for brass, etc.  Watch Youtube videos to help you figure out things!

5.   Parts are people too!!  Well maybe not people but people want them!  You can get $12 in scrap metal price for a treadmill but if it still works or is in fair condition you can get $100 for the parts on ebay!!

With just those 5 tips, you can really start to make more money scrapping metal than those guys that just show up with load after load of back breaking steel.