Considering scrap metal a junk can be a big mistake. With depleting natural resources, scrap metal recycling is not only an environmentally friendly practice but is also a profitable activity. Every year, approximately 55 million tons of scrap steel and iron is processed by the metal industry. By looking at its benefits for the wallet, scrap metal recycling has become a big business. As such, many individuals have taken recycling and selling scrap metals as a full-time profession.
The demand for recycled material has increased considerably. Now businesses, as well as, individual collectors are taking interest in collecting and recycling scrap metal to turn it into cash. However, collecting and recycling the scrap requires some knowledge. Whether you’re familiar with this practice or not, it is important to learn certain universal truths related to scrap metal recycling. By learning about various metals, their values, and some recycling tips, you can maximize your earning potential. For recycling scrap metal, you need some know-how about various metals, where to find them, and which ones bring the most profit.
In this article, we have discussed some helpful tips for business owners or residents who are considering starting recycling scrap metal to preserve the environment, while making a profit. The following 3 tips will help you in saving time, as well as, money to get the most out of your next trip to a recycling center.
1. Know Your Metals
For collecting and sorting scrap metal, it is vital to have a basic understanding of various types of metals. Ferrous metals are those which contain iron, such as stainless and carbon steel. The nonferrous metals are those without iron, like aluminum, or copper. The qualities like lightweight, corrosion resistance, and a higher level of conductivity make nonferrous metals more profitable. To distinguish ferrous-metal from non-ferrous, keep a small pocket magnet handy. If the magnet sticks firmly to metals, it indicates heavy iron content (ferrous metals). While non-ferrous metals like lead, zinc, aluminum (and aluminum alloys), copper, and brass don’t stick easily to the magnet.
2. Separate and Prepare Your Scraps
Sorting and preparing are crucial to getting the full value of the materials you have. Make sure that before you arrive at the recycling center, separate steel, aluminum, copper, brass, and other scraps. Properly sorted metal can be more easily and quickly recycled. Since the scrap metal is attached to other items, you may need special tools to separate those materials. You will need drills for removing screws, wire strippers, and saws. For example, to make more money out of an old washing machine, sold different parts, such as stainless steel drums, copper wiring, and electric motors to various scrap yards. Remember, it is crucial to protect yourself by wearing goggles, heavy gloves, and protective clothing.
3. Know Your Recycling Center
Once you have sorted and prepared your scrap metal, it’s time to take it to the recycling yard. It is also important to research local scrap yards. Find a reputable and expert recycling center that pays top market value for metal scraps.
Thus, what we consider as junk can actually be gold. From old appliances and metal tools to worn-out bicycles and metal cookware, there’s so much to recycle.