Everybody wants to get good value from exchanging their metal scraps for money and I know you don’t want to miss out on that; that is where our ‘scrap yard near me‘ locator comes into play.
To discover the highest paying scrap yard near you, simply use our locator below, which instantly pulls all of the best-paying scrap yards near you with a click of a button, try it out for yourself!
Don’t hesitate to read on, you might want to get more value the next time you are taking out your scrap metals for sale.
Highest Paying Scrap Yard Near Me
Finding a scrap yard that pays good money near you, can be a hassle for you if you do not know where to search.
If you have questions like which scrap yard pays the most near me? Then you will pretty much get your answers by using our locator.
NOTE: Make sure you enable your location to get accurate information for your search.
What Is a Scrap Yard? How Does It Work?
A scrap yard is a place, oftentimes a spacious center, where metal scraps are taken care of.
Also known as a junkyard, a scrap yard sees to the buying and selling of useful metal scraps, either from cars or electronics, within its premises.
Similarly, most standard scrap yards handle the recycling process of the metal scraps which have been collected or bought and prepare them to be used for further production of other items.
They handle scrap metal, by ascertaining the usefulness of each scrap and then paying you in pounds, but not until they have checked the category of the metal and its weight.
Scrap yards pay more for scraps that have significant worth, including those that are in high demand.
What Is in a Scrap Yard?
Just like the name implies, you will find metal scraps in a scrap yard. But there is more to that since scrap yards also deal with the recycling process of scrap metals. So you will see heavy types of machinery which are employed to process, and recycle these metals.
Here are some of the things, you should expect to see in a scrap yard.
- Car dismantlers.
- Lots of mechanical tools; like screwdrivers, hammers, and alligator shears.
- Old or used cars; have been probably sold to the scrap yard for recycling.
- Shredders; is a place where used parts that are still in good condition are sold.
- Metals of various sizes, ranging from aluminum, copper, zinc, and a lot more.
- Metal analyzers.
- Car balers.
- Metal sorters and balers.
What is Scrap Metal?
The term scrap refers to the general deposit of already used or unwanted items. However, in this context, scrap metal refers to the disposal of metals, which are no longer in use and are intended for recycling.
Scrap metals include things like bars, metal sheets, wire, or anything of value which is made from metal, whether ferrous or non-ferrous.
Scrap Metals Items You Can Sell At A Scrap Yard
With the high demand for scrap metals by recycling companies, anybody can pass up anything as scrap. But what gets picked at the scrap yard for sale depends on the type of metal used in making these scraps.
There are basically two types of metal scrap found in a junkyard; ferrous and non-ferrous.
Another variant of metals can also be sold in a scrap yard, which is known as an e-scrap.
That might leave you wondering then again ‘what e-scrap is‘.
An e-scrap is any metal scrap that is gotten from electrical or electronic appliances. The ‘E’ attached to the name qualifies it as electronic scrap.
Some examples of this type of scrap include phones, hard drives, computers, and stereos.
The big difference between ferrous and non-ferrous metals lies in their composite material. While the former has iron in it, the latter does not.
The table below is a comprehensive grouping of the most common metals and how they are categorized between ferrous, non-ferrous, and e-scrap types metals.
|Ferrous||Cast Iron||Very tough and machinable.||Used in the production of water pipes, mining hardware, machine parts, etc.|
|Non-Ferrous||Lead||Low tensile strength, low melting point.||Used in batteries, and electrical power cables, and equally good for soldering.|
|Ferrous||Steel||Hard and resistant to wear.||Used in the production of the body frames of cargo ships, weapons, rockets, etc.|
|Non-Ferrous||Aluminum||Highly lightweight and machinable.||Used in the production of aircraft body panels, kitchen utensils, cans, etc.|
|E-Scrap||Stereos||Contains small deposits of copper and aluminum.||Used in car speakers and sound systems.|
|E-Scrap||Car batteries||Contain deposits of copper and lead.||Used in powering vehicles and other moveable engine parts.|
|Ferrous||Wrought Iron||Anti-corrosive and resistant to oxidation.||Used in railing, and fencing. Production of nail gates etc.|
|Non-Ferrous||Copper||Good heat conductor and highly ductile.||Mostly used in electric wiring.|
|Non-Ferrous||Brass||High malleability, Good conductivity, and Corrosion Resistant.||Used in locks, hinges, gears, zippers, plumbing, hose couplings, valves, and electrical plugs and sockets|
|Non-Ferrous||Tin||Anti-corrosive and resistant to oxidation.||Used in plating, coating, polishing, and soldering of steel|
Scrap Metal Prices [August 2022]
The scrap metal market has its price list, which works in most scrap yards around and they are also subject to review or bargaining. That is if you wish to get more value for your scrap metals in 2022.
However, the table below shows the average scrap prices which you can sell your scrap for, according to the iScrap App which is a trusted informant on the current price of scrap metals and other scrap-related subjects.
|Insulated copper wire||$0.78/lb|
|Aluminum copper coil||$1.29/lb|
How to Find a Scrap Yard Near You?
I know how hard it is to find a scrap yard that would not only offer you nice values for your scrap but will also be close to your residential area.
This was particularly hard in past times but thanks to technology, you can sit in the comfort of your house and look for scrap yards near you.
I will show you 5 ways to do this comfortably through the resources provided by the internet.
1. Google and Bing
All you have to do is to load up the Google map or Bing Maps and enable your location; once you have done that, type in ‘scrap yards near me’.
This method is very effective as it loads up a mapped-out area of scrap yards near you with the highest ratings and reviews, which you can then choose.
Moreover, not only do these digital maps reduce travel time, but they also help people save time by providing information like directions, website information, reviews, photos, and contact details.
2. Yellow Pages
Yellow Pages is a documented directory of contacts and addresses of registered businesses, arranged in the order of category.
As against the former use of paper, Yellow Pages now has a website that can help you do your search easily without flipping through paper pages.
You can use the search bar on the landing page to do your search, by inputting terms like scrap metal yard or scrap yard. After that, select your location and click on find.
3. iScrap App
You can equally use the aid of an app; the iScrap App locator to find a scrap yard nearest to you.
iScrap is an application that is primarily developed to offer you access to everything concerning scraping, which specializes in providing information regarding the current price of scrap metals.
There is a search bar in which you can type in your current location, and the app loads up a map below the search bar and a list of scrap yards near your location with their profiles.
Craigslist is an online advertising company that has a record of business, and properties up for sale and open to the general public. It also has a search bar and a filter that helps you to find any business of your choice.
Scrap yards are also listed as a business on this site, so you can take advantage of the location filter to narrow down your search to the scrap yard nearest to you.
5. Online Directories
You can look up scrap yards near you by using a free location directory that is available on the internet. An example of a tested and trusted directory is Kompass (www.us.kompass.com)
What Time Does Scrap Yard Open and Close?
Scrap yards are open from Monday to Saturday between the time of 10:30 – 11:00 am, with an exception on Holidays or in any other case of national emergency.
Further, these metal centers close anytime around 7:00 pm, as this time is appropriate for any legitimate business enterprise.
There are exceptions to this timing because some of the scrap yards that also perform recycling functions close by 9:00 pm due to the intensity of their work.
How to Sell Scrap Metals for Money?
To set you on the right path, I will let you in on hacks that you can implement in selling your metal scraps for money.
1. Put together your scrap metals
This is the first step in exchanging your scrap metals for money. In this stage, all you have to do is collect your scrap metals.
You can check for metal scraps from your old house appliances like broken washing machines, and refrigerators. Others include old toasters, auto parts that are no longer road-worthy, broken plumbing fixtures, and electric wiring.
2. Accumulate in large quantities
You then proceed to accumulate metal scraps in large quantities. The essence of this is to make sure you have enough metal scraps to exchange for money. The more scraps you have, the more money for you to get after selling your scrap metals.
3. Focus on valuable scraps
When you choose or accumulate your scrap metals, ensure you are picking the ones with immense value. I looked over the chart and I noticed that for some time now that non-ferrous metals are in high demand and as such are valuable. So when you pick, pay keen attention to that to get more money.
4. Sort out and identify the metals
After the whole picking process is done, you proceed to differentiate the metals in your scrap. If you don’t do this, the buyers at the scrap yard might pay you depending on the surface value of the scraps on top of your selection. You can use a magnet to do this.
5. Determine the value of the metals:
For you to sell your scrap metals, you have to know the price of the metals which you have in your selection. You can use the iScrap app to know the prices.
6. Contact various Scrap Yards
Make contact with the scraps yards which you have located near you and ask for their rates. Do this before settling with any of them.
7. Check-in and Weigh
You then proceed to check in into any of the scraps yards whose price appears good and favorable. Allow the workers to weigh your metals and give you a weighing slip.
8. Redeem and Get Paid
After all the proceedings, make your way to the front desk and cash your weighing check based on the pound weight of the metal scraps.
Factors that Affect the Price of Scrap Metal
Certain factors affect the price of metal scraps, leading to the fluctuation in market values. These factors account for why the price of copper at dawn won’t be the price of the same metal at dusk. Some of these factors are:
Climate is one of the factors that affect the price of scrap metals. From my findings, I noticed that the price of scrap metals is usually on the hike whenever it is Winter. The reason for this is tied to the intense cold which makes it hard for people to go in search of scrap metals. So the buyers pay more to get these scraps from the few that source them during this period.
2. Demand and Supply
Metals with less quality have a minimal price attached to them. So if you have scraps that include metals that are not in demand due to their less value, you will like lee get less from them. Also, if the supply rate on which owners of scrap yard sells to recycling companies drop, it will likely affect the price of scrap metals.
The prices of scrap metals can also differ depending on where the scrap yard is situated. In addition, if your current location is where scrap metals are not in constant demand, then the price might fall below the expected rate. But if the locality has scraps in demand, the price will also likely go up.
4. Quantity of Scrap Metals
Based on my observation, fewer scrap metals mean fewer price rates. That means that taking a few pieces of scraps to the scrap yard affects the price negatively. In the same vein, having a large number of scraps to sell would also increase the price of these metal scraps.
Common household items that can be Scrapped
The most common items around your environment that you can sell as scraps include;
- Broken electronics like laptops, hard drives, etc.
- Old bed frames.
- Cellular phones.
- Burnt electric wire.
- Old dishwashers, refrigerators, water heaters, dryers, etc.
- Car parts.
- Wires & Cables.
- PC Boards
- Christmas Wires
Average Scrap Prices for Common Household Items
PS: All prices are sourced from the iScrap App.
|Cellular phones (3-5 phones for one pound)||$4.25/lb|
|Burnt electrical wire (copper)||$2.45/lb|
|Old bed frames/Old dishwashers (steel/brass)||$0.35 – $0.70/lb|
Best things to Scrap for Money
Not all things pass up for sale in the scrap yard, some are more valuable than others hence they are best to be scraped for money. Like I mentioned earlier, nothing goes to waste, but some metals occupy top positions than others. These metals include;
- Cast Iron.
Steel is my first choice of the best things you can scrap for money and this is because of its high demand. The price of stainless steel sits at $0.35/lb, which is a good deal if you have a large deposit of them ready to be scrapped. You can find steel from car rims, beam cut-offs, etc.
A lot of people are conversant with copper because it lights up your whole house. Copper is also valuable and is one of the best you can scrap for money. This metal can be found in insulated cables, plumber cables, etc.
Used in the production of most cans, aluminum is also a good metal to sell as scrap.
This metal is also one of the best things you can scrap for money due to its value. They currently value brass at $1.60/lb and would fetch you good money if accumulated.
Lead which can be found in car batteries, roofing nails, and so on is also good stuff that you can scrap for money.
6. Cast Iron
Cast iron is another metal that is good for scraping. It is worth high and as such is one of the best you can scrap for money. You can source it from old bathtubs, furniture, and engine blocks.
Tips on How to Get More Cash for Your Scrap Metals
The following tips would help you stay aloft with money each time you visit a scrap yard. Note that these tips have been tested by me and it proves to be worthwhile so you can try them out and see the results for yourself.
- Take note of your scrap metals and group them.
- Protect your scrap metals; wash or clean them if necessary to rid them of pollutants.
- Take note of the best-selling metals in your pick and take them out from the rest. You can use a carton to mark out these metals of value to avoid misplacing them.
- Consider the cost of delivery and only go for the scrap yards near your residence.
- Contact different scrap yards near you; compare and contrast their price variation and go for the best.
- And finally, make sure you bargain for prices.
Scrap Yard Near Me FAQs
1. What Is the Meaning of Metal Scrap Yard?
The meaning of a metal scrap yard is tied to a place where metal waste known as scraps, is either bought or sold. These places offer sumptuous prices to their customers, to beat any other rival company or establishment, in the business of metal procurement. Their target customers are mainly metal merchants who buy scraps, as they deal in all kinds of metals.
2. What Is Considered Scrap?
The term scrap refers to the general deposit of already used or unwanted items. However, in this context, scrap refers to the disposal of metals, which are no longer in use and are intended for recycling.
3. Are Magnets Worth Money?
Yes, magnets are worth money. The only hassle is that the price offered for most magnets is very low compared to most scraps. At the lowest, magnets are priced at $0.01/lb, the average price goes for $0.12/lb; the highest price is $0.25/lb.
4. How much is Dryer Worth in Scrap?
When weighed, most dryers weigh about 100 pounds, and when converted based on the current exchange it is worth between $8 to $10.
5. Is Steel Worth More Money?
I stated earlier that ferrous metals are priced high, well that is only if it is not competing with a non-ferrous metal that is priced higher than it is. Steel being a ferrous metal is worth more money. The price of stainless steel in scrap is $0.32/lb, and it goes on depending on the type and quantity of the steel.
Hey there, welcome to my blog!
I’m Swati, a mom, a personal finance enthusiast, and the owner of TheBlissfulBudget. My work has been featured in major publications including Fox 10, Credit Cards, Cheapism, How to Fire, Databox & Referral Rock.
I help busy budgeters like you save and make money by utilizing simple yet effective methods that can create wonders.
My Mantra: You are entitled to live the life you desire, and financial bliss should be simple to obtain–check out my blog for helpful tips on acquiring wealth easily.