Sell Scrap Iron for Cash: A Step-by-Step Guide

Scrap metal

If you're moving, remodeling or performing a deep cleaning, you might come across bits and scraps of iron and other metals that are ready for the scrap heap. With a small investment of time, you can unload your scrap iron for cash. The type of metal and the weight will determine the value of the scrap iron. RecycleInMe.com is a scrap trader's marketplace that provides data about the current prices of scrap iron and other metals.

Step 1

Separate your scrap iron from other metals. If you're looking for additional scrap iron to sell, check online marketplaces such as Freecycle.com or Craigslist for free junk and offer to haul it away. Walk or drive around your city on trash night looking for items that are being thrown out.

Step 2

Remove any non-metal parts from your scrap iron if possible, such as wood, plastic or rubber.

Step 3

Locate scrap metal dealers in your area. It's good to call several dealers because they might have different prices at any given time. Some dealers might not be accepting iron because they have too much, so even if you have a preferred dealer, you should always check in before you go. Survival Insight offered the approximate price of ten cents per pound of iron in 2009.

Step 4

Call the dealers and ask what the current price is for scrap iron. Choose your scrap dealer based on the current price.

Step 5

Load your metal into a car or pickup truck. If you're using your car, you might want to lay a tarp in the trunk or back seat to minimize damage and soiling.

Step 6

Drive to your chosen scrap metal dealer. The metal dealer will weigh and evaluate your scrap iron and then offer you a payment.

Things You'll Need

• Car

• Telephone

• Telephone directory

• Tarp (optional)