Scrap Metal Prices

Visual inspection

First check for obvious contamination, attachments, or wrong metals mixed in. Experienced buyers can identify most metals by sight and weight.

Magnet test

A magnet is a useful first check for common iron and steel. Some stainless grades are magnetic and others are weakly magnetic or non-magnetic, so it cannot identify stainless grade on its own.

File or scratch test

Files through surface coatings to reveal true metal color underneath. Helps identify plated metals vs solid metals.

Density or weight test

Copper is heavier than brass, brass heavier than aluminum. Buyers develop a feel for this over time.

XRF analyzer (high-end yards)

X-ray fluorescence gun provides instant metal composition. Used for brass alloys, stainless grades, and verifying high-value loads. Accurate to 0.1%.

Spark test (steel grades)

Grinding different steel types produces different spark patterns. Helps separate mild steel from stainless or tool steel.

Hobby versus business

Selling your own household scrap occasionally is typically considered personal property sale, not taxable income. But if you're actively sourcing scrap to resell (buying from others, regular pickups, advertising services), the IRS may consider it a business.

The $600 threshold

If you earn $600+ per year from a single yard, they're required to file a 1099 form reporting your income. You'll need to report this on your tax return as self-employment income.

Multiple yards

Even if you stay under $600 at each yard, you still need to report total income if scrapping is a business activity. Spreading sales across yards doesn't avoid tax obligations.

Curbside pickup days

Check your city's bulk trash schedule. Drive through neighborhoods on collection day morning. Good finds: washers, dryers, water heaters, swing sets, lawnmowers. Get there early before other scrappers.

Appliance stores

Offer to haul away old units during delivery. Many stores pay for disposal, so you're saving them money. Build relationships with delivery drivers who can call you directly. Best items: refrigerators, stoves, dishwashers.

Construction and demolition sites

Always get permission from the foreman first. Many sites have dumpsters full of wire, pipe, ductwork, and metal framing. Offer to clean up their scrap piles for free. Visit during lunch breaks to ask.

Property managers

Contact companies managing apartments and foreclosures. They often need appliances, water heaters, and AC units removed. Some will pay you to haul it away. This can become a regular pickup list.

Auto repair shops

Brake rotors, catalytic converters, radiators, wheels, and batteries. Build relationships and offer to pick up weekly. Some shops already have scrap arrangements, but many don't.

HVAC companies

Old AC units and copper coils from changeouts. HVAC techs often leave old units behind. Offer to pick up from their shop or job sites. Peak season is summer.