Collecting and selling scrap metal can turn into a lucrative project. In order to take full advantage of scrap metal, you need to know a little bit more about the different types of scrap metal and what you can do with them.
Types of Scrap Metal You Will Find
There's a lot of different metals out there. Some have a higher price tag than others. The most common types of metal are those containing iron. These ferrous metals include iron and iron alloys, which include steel (but not always stainless steel).
Since these represent the most common metals you'll find, they also have the lowest price tags. You will most likely need to collect these metals into large bundles before selling them by weight. You can certainly earn money on them in bulk, and recycling such metals any way you can is the responsible thing to do.
Rarer, non-iron based metals can earn you more money. These non-ferrous metals can include aluminum, copper, and brass. Other than aluminum, non-ferrous metals are harder to casually stumble across. Because of that, you won't have to collect so much of it before you can sell it for a decent price.
Learn Which Places Buy Scrap
Before selling your scrap at any salvage yard you come across, do some research. The value of scrap can vary from place to place. Some recycling and salvage yards deal primarily with one type of scrap over another. They may pay a premium for some scrap, and very little for other types.
Check the prices on websites, and price-check different yards. You may even come across other businesses looking for specific types of scrap metal. If you look through classifieds and keep your ear to the ground, you can even come across private buyers looking for scrap metal in bulk.
Even if you know the prices for your scrap metal, don't become too comfortable with them. The value of scrap metal changes all the time. Stay on top of market changes. Don't hesitate to look at places outside of your immediate vicinity. If prices a town over, or even a state over, offer more value, then do the math and see if it's worthwhile to take the trip.
Knowledge Will Take You Far With Scrap Metal
The more you know, the more you can earn with scrap metal. A little knowledge will help you figure out where to concentrate your efforts and how best to invest your time. As you learn more, you can even turn your scrap metal passion into a full-time business. Not only is it a way to make good money, but it's also a way for you to do your part for the environment.
To learn more about scrap metal recycling, contact a company like American Northwest Recycling.