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Scrap Metal Prices

Current US market rates for scrap metals across different regions

Prices shown are approximately 2 months old • Updated monthly
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Current PricesPro TipsWhen to SellCommon MistakesPayment MethodsReal EarningsYard EtiquetteHow Pricing WorksWhere to Find ScrapMetal ID GuideTax & RecordsFAQ
Current Scrap Metal Prices
54 items
Complete listing of current scrap metal prices across all categories and regions

Please Note: Prices shown are approximately 2 months old and serve as a general market reference. Actual prices vary by location and yard. Always contact recycling centers directly for current rates.

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Biggest Price Changes This Month
Metals with significant price movements
Shredded Steel
National Average
$0.12
per lb
20.0%
Light Iron
National Average
$0.06
per lb
14.3%
Auto Cast (Rotors/Drums)
National Average
$0.09
per lb
12.5%
Heavy Melt Steel (HMS)
National Average
$0.10
per lb
11.1%
Steel Rebar
National Average
$0.11
per lb
10.0%
Pro Tips: Maximize Your Returns
Expert strategies to get the best value for your scrap metal

Preparation is Key

  • Never mix ferrous and non-ferrous metals. Use a magnet to test - sorting can increase value by 20-50%.
  • Removing insulation from copper wire boosts value by 70-100%. A $100 load becomes $170-200 after stripping.
  • Clean off dirt, paint, and non-metal attachments. Any contamination gets deducted from your weight.
  • Yards deduct for water weight, so store everything under cover to prevent rust and moisture accumulation.

Strategic Timing

  • Spring (March-May) is prime selling season. Construction demand drives prices up 15-25%.
  • December-February prices often dip 10-15%. Wait for spring unless you need cash now.
  • If prices are declining for 3+ weeks, consider waiting for the market to bottom out.

Volume & Negotiation

  • Larger quantities unlock premium rates. Wait to accumulate 500+ lbs - patience pays dividends.
  • Know your weight before arriving so you can verify yard scales and negotiate confidently.
  • Prices vary 10-30% between locations. Call 3-5 yards, get quotes, then choose the best.
  • Regular sellers get better treatment and pricing. Be professional and consistent.

Essential Equipment

Wire Strippers

Manual ($30-50), drill-powered ($100-150), or automatic ($200+). Automatic models process 50+ ft/min for serious volume.

Manual →|Powered →|Automatic →
Testing Magnet

Identify ferrous vs non-ferrous instantly. Never mix steel with copper/aluminum again.

View magnets →
Digital Scale

Verify yard weights and prevent disputes. Know your value before arriving.

View scales →

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Master the Market: Guides for Every Level

New to Scrap? Start Here.

Download our complete beginner's guide with identification tips, safety guidelines, essential tools, and realistic income expectations. Perfect for first-time recyclers!

Pro Blueprint

Ready to Build a Six-Figure Business?

Move beyond daily pickups and learn the professional strategies used by the industry's top 1%. This blueprint reveals the insider knowledge required to secure industrial contracts, master commodity trading, and build a highly profitable recycling empire.

When to Sell vs. Hold
Strategic timing can add 10-25% to your profits

Good Times to Sell

  • ✓
    Spring (March-May): Construction season drives 15-25% price increases
  • ✓
    After price announcements: New rates hold for 2-3 weeks typically
  • ✓
    Large quantities (500+ lbs): Unlocks negotiating leverage
  • ✓
    Rising markets: 3+ weeks of increases = good timing

Consider Waiting If

  • ✗
    Winter (Dec-Feb): Prices often dip 10-15% seasonally
  • ✗
    Declining trends: 3+ weeks of drops - market may bottom out
  • ✗
    Small amounts: Under 50 lbs may not be worth the trip
  • ✗
    Trade tensions: Tariffs cause volatility - wait for stability

Seasonal Price Patterns

Winter

Dec-Feb

10-15% below avg

Spring

Mar-May

15-25% above avg

Summer

Jun-Aug

Near average

Fall

Sep-Nov

5-10% above avg

Understanding Scrap Metal Pricing
Deep dive into how prices are determined and metal grading systems

How Yards Set Prices

Your Price =
(LME Base - Processing - Margin) × Purity
LME Base: London Metal Exchange global commodity prices (updated twice daily)
Processing: Sorting, testing, melting, shipping costs ($0.10-0.50/lb depending on metal)
Yard Margin: Profit margin (typically 10-30%, higher for small operations)
Purity Multiplier: Metal content percentage (bare copper 99% vs mixed brass 60%)

Metal Grades Explained (Copper Example)

#1 Bare Bright Copper

$3.80-4.20/lb

Clean, uncoated, unalloyed copper wire and cable. No oxidation, solder, or attachments. Minimum 1/16" diameter. This is 99%+ pure copper.

Example: Stripped building wire with no corrosion or coating.

#1 Copper

$3.60-4.00/lb

Clean copper with minor oxidation allowed. Can have minimal solder. Bus bars, clean tubing, clippings. 95-98% pure.

Example: Cleaned copper plumbing pipe, copper bus bars.

#2 Copper

$3.20-3.60/lb

Oxidized, tarnished, or has coatings/solder. Small attachments allowed. Paint or minor insulation OK. 85-94% pure.

Example: Old wiring with some insulation left, painted copper.

Insulated Copper Wire

$1.80-2.40/lb

Wire still in plastic insulation. Price based on copper recovery percentage. Thin wire yields less copper than thick wire.

Example: Romex, extension cords still in jacket.

The difference between #1 Bare Bright and Insulated Wire is $2/lb. On a 100 lb load, that's $200 difference. Spending an hour stripping wire pays $200/hour - that's why preparation matters.

How Yards Test & Grade Your Metal

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

Separates ferrous (magnetic) from non-ferrous. Stainless steel is slightly magnetic despite being non-ferrous. This is the quickest sorting method.

File/Scratch Test

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

Density/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 (For Steel Grades)

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

Prices Increase When:

  • ↑ Manufacturing demand rises
  • ↑ Supply constraints occur
  • ↑ Dollar weakens
  • ↑ Infrastructure spending bills pass

Prices Decrease When:

  • ↓ Economic slowdowns reduce demand
  • ↓ Oversupply from increased recycling
  • ↓ Dollar strengthens
  • ↓ Trade tariffs reduce exports

Regional Price Variations (15-30% difference)

West Coast, Northeast: 10-20% above average (port access, high demand)
Rural Midwest: 10-15% below average (transport costs, lower competition)
Common Mistakes to Avoid
Learn from others' costly errors - avoid these common pitfalls

Mixing Metal Types

Throwing everything into one container to save time? Bad idea. Mixed metals get the lowest price tier. A load worth $400 when separated becomes $150-200 mixed. You just lost $200+ to save 10 minutes of sorting time.

Not Calling Ahead

Driving to the nearest yard without checking prices or hours first is a gamble. They might be closed, might not accept your material, or might pay 30% less than the competitor 5 miles away. A 15-minute phone call saves hours and hundreds of dollars.

Selling Too Frequently

Making trips with 20-50 lbs whenever you collect some scrap means you're leaving money on the table. Small loads get standard rates. Wait to accumulate 500+ lbs and you'll often unlock 10-15% higher rates, plus save on gas and time. Our beginner's guide covers this in detail.

Ignoring Market Timing

Selling immediately without checking if prices are rising or falling can hurt. Winter slumps (December-February) often mean 10-15% less than spring prices. If you're serious about scrapping, our monthly market reports help you time sales better.

Not Weighing at Home

Trusting the yard's scale without verification is risky. Even a 5% discrepancy on a 500 lb load costs you $25-40. Always weigh at home and watch the yard scale during weighing.

Payment Methods & What to Expect
Understanding how scrap yards pay and what documentation you'll need

How You'll Get Paid

Cash

Most common for small loads under $500. You get paid immediately which is convenient, but carrying large amounts of cash can be risky.

Check

Standard for loads over $500 or business accounts. Safer for large amounts and creates a paper trail, but you'll wait 1-3 business days for it to clear.

Digital/ACH

Increasingly common at modern yards. Fast, secure, and keeps automatic records, but you'll need to set up an account in advance.

Required Documentation

  • You'll need a government-issued photo ID (driver's license, state ID, or passport). This is a federal requirement - yards must keep records for theft prevention.
  • Some states require proof of address like a utility bill or lease agreement, especially if you're a first-time seller.
  • Professional scrappers and contractors often need business documentation for higher volume sales.
  • Bringing catalytic converters, large amounts of copper pipe, or AC units? Expect questions about where the materials came from. Have ownership documentation ready.

State Holding Periods

Many states require scrap yards to hold materials for 3-10 days before processing to help law enforcement recover stolen goods. This doesn't affect your payment, but it's why yards track everything carefully.

Building a relationship with one yard means faster processing once you're a known, trusted seller. They'll still verify everything, but the process becomes routine.

Real Earnings Examples
Actual scenarios showing what you can earn from common scrap sources

Household Scrapper (Casual)

Cleaning out a garage and basement over a weekend:

Old appliances (washer, dryer, water heater) - 300 lbs mixed steel/copper$45-60
Extension cords, old electronics wire - 15 lbs insulated copper$30-40
Aluminum screen doors, window frames - 40 lbs$30-35
Brass faucets, doorknobs - 8 lbs$18-22
Total Earnings (4-5 hours work)$123-157

Time investment: 4-5 hours. Hourly rate: $25-31/hour. Get started with our beginner's guide.

Contractor/Renovation (Side Hustle)

Full kitchen and bathroom renovation scrap:

Copper plumbing pipe (old house, all copper) - 45 lbs stripped$165-185
Brass faucets, valves, fixtures - 22 lbs$48-60
Stainless steel sink - 18 lbs$9-12
Aluminum trim, edging - 30 lbs$24-30
Wire (Romex, stripped) - 35 lbs bare copper$128-145
Total Earnings (saved from dumpster fees)$374-432

Plus dumpster fee savings ($200-400). Learn professional strategies in our professional scrap metal guide.

Serious Scrapper (Part-Time Business)

Monthly earnings from dedicated sourcing (15-20 hours/week):

Appliance haul-away service - 2,400 lbs mixed metals monthly$350-480
E-waste copper recovery - 80 lbs stripped wire/components$290-330
Construction site pickups - 600 lbs mixed copper/aluminum$540-720
Aluminum can collection route - 180 lbs monthly$150-195
Monthly Earnings (60-80 hours)$1,330-1,725

Hourly rate: $17-29/hour. Many part-timers earn $1,000-2,000/month. Track market trends with our monthly market reports.

Want to estimate your own earnings? Use our interactive calculator with current market prices:

Calculate Your Scrap Value
Scrap Yard Etiquette & Best Practices
Professional tips for working smoothly with scrap yards

Before You Arrive

  • •
    Call ahead to confirm hours, accepted materials, and current prices. Yards often change hours seasonally.
  • •
    Have your materials sorted and separated before arrival. Don't plan to sort in their parking lot.
  • •
    Bring your ID, proof of ownership for high-risk items, and know your vehicle's weight if possible.
  • •
    Remove any trash, non-metal items, or hazardous materials (oil, gas, freon). Yards can refuse loads with contamination.

At the Yard

  • •
    Follow their unloading procedures. Some yards want you to unload yourself, others have staff do it. Ask first.
  • •
    Be patient during busy times (Friday afternoons, first week of the month). Bring water and expect to wait.
  • •
    Watch the weighing process but don't hover or argue unless there's a clear discrepancy. Check the ticket before signing.
  • •
    If they downgrade your material, ask why and what would qualify for a higher grade. Learn for next time.
  • •
    Be friendly with staff. They remember regular sellers and often give better prices or helpful tips to people they like.

Unwritten Rules

  • •
    Don't ask the yard to break their own rules (accepting items they don't take, skipping documentation, etc.).
  • •
    Fridays and end of month are busiest. Go mid-week mornings for faster service if you can.
  • •
    Once you establish a relationship with a yard, stick with them. Loyalty often earns you better prices and faster processing.
  • •
    If you have a dispute, stay calm and professional. Arguing loses you the yard relationship permanently.
  • •
    Ask questions about grading and pricing when it's slow. Staff are more willing to teach when they're not swamped.

What Yards Appreciate

Clean, separated materials

Knowing what you have

Being ready with ID and paperwork

Patience during busy times

Following their procedures

Regular, consistent business

Tax & Record Keeping
What you need to know about reporting scrap metal income

Disclaimer: This is general information, not tax advice. Consult a tax professional for your specific situation.

When to Report Income

Hobby vs. 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.

Records to Keep

  • •
    All sales receipts from scrap yards (keep for at least 3 years)
  • •
    Purchase receipts if you bought materials to scrap (proves cost basis)
  • •
    Mileage logs for trips to yards and sourcing locations
  • •
    Equipment and tool purchases (wire strippers, scales, magnets, etc.)
  • •
    Vehicle maintenance if using truck primarily for scrapping
  • •
    Storage costs (shed rental, storage unit fees)

Deductible Expenses

If you're running a scrapping business, you can deduct legitimate business expenses:

  • • Vehicle expenses (mileage or actual costs)
  • • Tools and equipment
  • • Safety gear
  • • Storage costs
  • • Advertising costs
  • • Phone/internet for business use
  • • Business insurance
  • • Home office (if applicable)

Self-Employment Tax

If scrapping is a business, you'll owe self-employment tax (15.3% for Social Security and Medicare) on top of regular income tax. Many part-time scrappers are surprised by this.

Quarterly estimated tax payments may be required if you expect to owe $1,000+ in taxes. Set aside 25-30% of profits to cover tax obligations.

Simple Record Keeping System

1. Get a dedicated notebook or spreadsheet for scrap income

2. After each yard trip, record: Date, Yard name, Materials sold, Weight, Price per lb, Total paid

3. Keep all receipts in a folder or envelope (physical or scanned)

4. Track expenses separately with receipts

5. Review monthly to see if you're on track for $600+ threshold

Where to Find Scrap Metal
Free and low-cost sources for valuable materials

Free & Low-Cost Sources

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 & 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 Management Companies

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 steady source.

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.

High-Value Items Worth Seeking

Central Air Conditioners

20-40 lbs of copper coils per unit. Worth $80-150. Look for old units during HVAC upgrades.

Electric Motors (Large)

Industrial motors, pool pumps, compressors. Can contain 5-20 lbs of copper windings. Worth $20-80 each.

Copper Pipe & Fittings

Old houses often have all-copper plumbing. 1/2" pipe runs $3-4/lb. Renovation projects are gold mines.

Brass Fixtures & Valves

Old faucets, doorknobs, decorative items. Heavy brass pieces worth $2-5 each. Victorian homes have the best finds.

Commercial Kitchen Equipment

Stainless steel tables, sinks, hoods. Restaurant closures and remodels. Heavy stainless commands good prices.

Computer Servers

Corporate IT refreshes. Aluminum heatsinks, copper components, gold-plated pins. Clean the e-waste route.

Industrial Shelving & Racks

Warehouse liquidations. Heavy steel racks, often 500+ lbs. Load is worth $40-80 in steel alone.

Aluminum Wheels & Rims

Tire shops often have piles. 15-25 lbs each. Check behind tire shops - many give them away.

Building a Sourcing Network

1.

Leave Business Cards

Drop cards at contractors' offices, property managers, appliance stores. Include "Free Appliance & Metal Removal" as your service.

2.

Join Local Groups

Facebook groups for contractors, landlords, and estate sales. Offer cleanup services. Many will call you directly.

3.

Estate Sale Follow-Up

Visit on the last day when they're desperate to clear out. Offer to take everything metal for free. Older homes have better scrap.

4.

Seasonal Timing

Spring cleanups (March-May) and fall yard work (Sept-Oct) generate the most curbside scrap. AC units peak in summer.

Legal & Safety Considerations

  • • Always get written permission before taking anything from private property
  • • Never trespass on construction sites - always ask the foreman or site manager
  • • Verify you can legally possess items before selling (especially catalytic converters, copper pipe with fresh cuts)
  • • Bring photo ID to yards (federal requirement) and have documentation for high-risk items
  • • Avoid anything that looks recently cut or stolen (security tags, fresh hacksaw marks on pipes)
  • • Stay safe: wear gloves, watch for sharp edges, get help with heavy items

Want more sourcing strategies? Our beginner's guide covers networking in detail, and the professional guide includes templates for contacting businesses.

Quick Metal Identification Guide
Learn to identify common scrap metals for better pricing

Non-Ferrous (Higher Value)

  • Copper: Reddish, turns green when oxidized, heavy
  • Brass: Yellow/gold color, heavier than aluminum
  • Aluminum: Silver/gray, lightweight, doesn't rust
  • Stainless: Silver, doesn't rust, slightly magnetic

Testing Methods

  • Magnet test: Ferrous metals stick
  • Spark test: Different patterns per metal
  • File test: Reveals true color under coating
  • Weight test: Compare density to size
Frequently Asked Questions
Common questions about scrap metal prices and recycling

Related Resources

Scrap Value Calculator
Calculate the exact value of your scrap metals before visiting the yard
Learn more
Find Scrap Yards Near You
Locate recycling centers that accept scrap metals in your area
Learn more
Complete Home Recycling Guide
Learn comprehensive recycling strategies including food waste composting
Learn more
International Scrap Metal Resources
Explore scrap metal prices and information from around the world

Looking for scrap metal prices in other regions? Check out international pricing data and resources:

International scrap prices

Find Recycling Centers Near You

Now that you know the value of your materials, find the best recycling centers in your area that accept scrap metals and offer competitive prices.

Find Centers Near MeCalculate My Scrap Value

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