Opinion on scrap metal sales

Discussion in 'Work-at-Home Business' started by frugalmomma2, Apr 24, 2010.

  1. frugalmomma2

    frugalmomma2 Well-Known Member

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    We save cans and the price right now is .65 a pound. When we went to the scrap yard the place was packed with truck loads of metal. Has anyone tried this ? Have you made money doing it?
     
  2. Forerunner

    Forerunner Well-Known Member

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    I've made a very good and independent living salvaging scrap metals.
    I wrote a few articles about my experience and accumulated information concerning this topic. Angie listed them in a sticky over on the survival forum if you're interested. They're listed with the compost composite sticky.
     
    Last edited: Apr 24, 2010

  3. glenn amolenaar

    glenn amolenaar Well-Known Member

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    If you can find scrap metal you can make some money, the best way is to seperate the metals, strip the copper from old appliances. Talk to the metal buyer he will tell you the way to get best prices.
    Glenn
     
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  4. VA Susan

    VA Susan Well-Known Member Supporter

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    A man in our area offers cash for junk cars. I'm sure he makes a good profit on them when he resells them for the metal. Most people are glad to get them out of their way and happy make a few dollars in the bargain.
     
  5. frugalmomma2

    frugalmomma2 Well-Known Member

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    Forerunner I read your stickies great information. We are looking into maybe trying it out. We have stuff that was left on our property that we can haul off.We are also going to get the opportunity to clean out an old house that will be torn down. There are car parts in the yard and lots of stuff left inside. We are not sure what all we will be able to salvage yet but it could be very lucrative for us.
     
  6. Forerunner

    Forerunner Well-Known Member

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    Metal is generally an inflation proof account.
    There has been and seems to now be a rather dependable fluctuation in the markets that allows for the wise to prepare and stockpile metals and sell high when the time comes.
    This seems to be true across the board, though non-ferrous metals have been up for some time now.

    Be one of those folks who calls around for best price, indicating at each opportunity that you are a serious recycler who deals in quality material.
    The folks who just throw the whole mess in the back of a pickup and drive to the nearest yard regularly settle for one third of the material's value.

    On the homestead, time and labor are frequently cheap enough. Prepare your metals to the most refined degree that you can, safely and without drawing too much attention.
    The bulk of the value in scrap metal is in the labor that we apply in preparing it to industry specs.
     
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  7. MrPG

    MrPG Well-Known Member

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    Steel just went up from $5/100lbs to about $8.50 in my area. Aluminum etc. will probably go up as well.

    I recommend http://realcent.forumco.com in the Scrap section of the forum - lots of serious scrappers there.

    BEST piece of advice for those starting out:

    1. Buy some decent quality gloves, you can get decent leather ones that will protect your hands for $5 or $10 a pair. Make it a habit to have them handy and wear them whenever you are handling items, even if you don't think you need it. Safety first, you don't want to cut up your hands or scrape your knuckles.

    2. If you don't understand it, don't sell it until you do. The RealCent forum is a good place to learn more about how to identify what there is.

    3. Call around for best prices, don't be shy.

    (I don't deal with steel/aluminum, I only buy PC motherboards and CPUs and other gold e-scrap).
     
  8. clovis

    clovis Well-Known Member

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    I'd like to learn about e-scrap.

    Is it profitable?
     
  9. clovis

    clovis Well-Known Member

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    I've made great money from time to time by scrapping.

    I flea market on the side, and go to a bunch of auctions. Before the big spike in metals prices a little while back, I could score lots of super easy scrap.

    For instance, I bought lots of boxes of pistons for $2 for the lot. They scrapped out at $8 a box.

    Finding good, easy scrap, high profit scrap is more difficult these days due to competition. The closest place to sell steel is 30 miles away, so I've never messed with steel or iron. Good scrap is still out there to be had.

    Of course, I've only dabbled in scrap as a bonus at auctions and the like.

    Also, when you are scrapping remember that scrap is not always scrap. Sometimes, it is worth much more as an item than it is as metal. For instance, I bought a steel lawn chair from a scrapper for $1. I set it in my flea market booth, and it sold for $10 on the first day. An antique shop owner bought it, and sold it two days later for $38.

    Another time, I bought a bucket of junk steel from another scrapper at an auction. I paid him $2 for it. I sold the galvanized bucket for $4, and a tool inside the bucket inside the bucket brought $116. (I was disappointed that it didn't bring more.)

    BTW, make sure you read Forerunners scrap guide mentioned above. It is very good.

    Just make sure you can identify valuable items as well as you can identify the scrap.
     
  10. Curtis B

    Curtis B Well-Known Member Supporter

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    One other thing about knowing what you are selling. As I was removing the trash pit at my place I hauled in some 4" steel pipes with a load of steel one time. When I got to the scrap yard the person weighing came out with waht turned out to be a geiger counter. The pipe was apparently old pipe from oil drilling rigs, and supposedly went through some radioactive ground. The person at the yard immediatly ordered me off the property and wouldn't take any of the load. I finally found another yard that ended up unlaoding me, and putting the pipe back on the trailer for me bring home. With all the gas I spent driving to simply getting it sold/unloaded I lost big time on that load.
     
  11. Forerunner

    Forerunner Well-Known Member

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    I've been across scrap yard scales hundreds of times and never once have I been singled out for such an experience nor have I ever witnessed it happen to someone else.

    Not saying it can't happen...... the scrap business is not without it's quirks and secrets, but I've never seen it.
    Every yard I have ever dealt with had the radiation equipment in place. I honestly believe it to be left over from WWII and the cold war. It keeps people aware, and afraid..... two pillars necessary to hold up the canopy of domination.
     
  12. countrysunshine

    countrysunshine Well-Known Member Supporter

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    My sons have always scrapped a little for extra cash. We have a pile on the farm and they just have to clean, sort and load it for the money.

    They, too, ran into the check for radioactivity at a local yard.
     
  13. clovis

    clovis Well-Known Member

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    I went to an auction today. My primary purpose for attending the auction was to buy business equipment from a foreclosed business, and resell it for a profit.

    I was able to buy stuff for resale, but I also scored some scrap while I was there.

    Professional scrappers like forerunner would laugh at my small haul of scrap today. Then again, $4 worth of scrap here, and $8 there, add up very fast. The best part is that I got this scrap for free!!!!
     
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  14. bigmudder77

    bigmudder77 Well-Known Member

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    make sure if you scrap cars dont take the whole cars in there around here they offer like $50 more a ton if it is a whole car (as in alumnium wheels, battery, converter, pretty much has to be a whole car blown motor or tranny or wrecked dont matter as long as it has all that extra stuff) dont do that cause you can sell the battery, converter, radiator, starter, alt, rims, and then what ever you can sell online is more money people buy parts all over

    and if you can or want to take all the wiring out of the cars and burn them and just keep putting them in to a bucket and when its full take that in copper wire is like $2.10 a pound and it adds up fast

    2 years ago i was buying ford probes and mazda mx6 cars for free to $500 selling the converters for $250 each rims for $150 then if motors or trannys were good they were $500 each along with any other parts that would sell online

    now the price of converters dropped and people think there still worth gold and i cant touch any car around me for under $600 and thats a junk non running car and scrap is $230 a ton or add $50 more a ton if its a whole car or truck

    but if you have the space get as much as you can cheap and strip them and part them and scrap whats left

    and dont mess with no titled stuff trust me more work and most times there stolen and i dont mess with that other people do just dont feel like sitting in jail for how ever long to make $100 or so

    and auctions are the place to go i go all over to auctions after auctions and pick stuff up dirt cheap and resell online or scrap i got over 1000 egg cartons for $1 there was like 8 big boxes full of them i was selling 100 for $10

    another time i got a trailer for $10 sold it the same day for $400

    but there are alot of people out there that make good money scrapping i buy dodge trucks and part them out 1994-2001 and if i find a cheap 2002 and up ill buy them and part them and then i scrap whats left over

    but when i can make $1500-4000 on dodge trucks that i get for cheap its a good deal and worth alot more than scrap price

    and in the winter get in to snow plows if you get them in the summer hold them till winter if you got the space and same thing with spring stuff if you get them in the winter like lawn mowers and stuff hold them dont scrap them cause i part out lawn mowers also or fix and sell but ill see any where from $300-2000 off a lawn mower just in parts the newer the better but an old simplicity brought me $2000 in parts one year

    off my scrapping and parting i have so much crap laying around that i keep its not even funny i got a curtis snow plow thats like brand new with a dodge truck that had a blown tranny i traded a blown up 400ex (that i got for $200) for a 2001 yz125 that was mint and i traded that bike for the truck and the plow only made $1800 off the truck cause the body was shot and the parts were kinda rusty but i still have the axles and air bags and dash that should bring another $1200 on a good day cause there 2500 dana 60 axles that are like $1200 each at the junk yards so one day they will sell and i keep the curtis plow and if i sold it i can get $3000 out of it or put it on a dodge truck and make about $7000 on the truck and plow before winter

    i can go on and on about the deals i have got by scrapping but ill stop now the only thing about it is now every one thinks there junk is worth gold and there are so many people around me doing it that it just kinda sucks now
     
  15. MrPG

    MrPG Well-Known Member

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    It has the potential to be reasonably profitable. The key is to find a good source, in some cases people will give away old systems just to get them out of the office or the house.

    Since the value is always greater than free, it is just a question of whether you want to take the system apart for the pieces.

    It will take about 6 minutes at least, to fully dismantle a typical machine. This means 10 per hour, so that is a bottleneck or limiting factor.
     
  16. Forerunner

    Forerunner Well-Known Member

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    Laugh ?

    I don't know. I'm the one who picks the brass valve stems and lead wheel weights out of the garbage at the truck repair shop where I do business.......
    I can't walk a mile up the road without filling every carrying capacity on my person with aluminum cans. I'd say I'm as laughable as anyone.
    Humility has gotten me farther down the road of successful scrapping than anything. :)
     
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  17. Txsteader

    Txsteader Well-Known Member

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    Scrap metal is about $6/100 lbs, having just come off a high of $10/100 lbs!!! They had to get cops to direct traffic, it was so busy. DH made almost $200 in just a couple of hours, not counting wait time in line. Some guys were making close to $1000/day.

    We've never seen prices that high.
     
  18. bigmudder77

    bigmudder77 Well-Known Member

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    ya it was up here too now every thing dropped back down scrap is back at $150 a ton or $160 for whole cars with alumnium wheels so ya its going back down

    but i made close to $1200 just in 1 day 4 loads like no wait time and not i just have 2 trucks that need the axles cut out from under them and gas tank knocked out and there ready to go when the price goes up

    shoot in the winter i was stacking cars i had so many i was waiting for the price to go up and didnt want them all around the house making it look like trash so i put them behind our huge barn and started stacking them it paid off cause once it started getting nicer i was scrapping them like all the time and i get about $25-35 more a ton depending on the day than most other people that just drive in there

    now every one thinks there stuff is gold and want gold price when really they have junk
     
  19. ||Downhome||

    ||Downhome|| Born in the wrong Century

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    steel was 260 a ton here not but a few weeks ago.

    but yup droped pretty good.

    you need to also be carefull who you deal with too. someplaces are just ripoffs.
     
  20. clovis

    clovis Well-Known Member

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    I sold my non-ferrous scrap I scored at two auctions I attended last week.

    Total expenditure for the scrap I bought: $2

    Total income for the scrap I sold today: $24.05

    Net profit: $22.05

    Not very much money, most would say. I was already at those auctions buying other stuff, so the scrap is icing on the cake to me.

    I just wish I could get that much quality scrap every day, especially considering how easy it was/is to obtain.

    One thing that I should note: I can't generally compete with the pro scrappers at auctions when big lots are being sold. I score small stuff here and there...and generally small stuff that no one else even sees.