Quick Answer: What Is #2 Steel Scrap?

What scrap metal is worth the most money?

An Overview of the Most Valuable Scrap Metal ItemsCopper.

For many scrappers, copper is king because of the consistently high value it can generate.


While the price per pound for aluminum may not be impressive on its own, the metal can be lucrative in scrapping because of its widespread availability..

Can you scrap rusty metal?

To recycle rusted metal, you need to remove the oxygen again. In the recycling process for steel, the material is shredded and then melted to create new sheets of metal. … Most scrap metal yards will pay you by weight, and metal with severe rust damage will weigh less.

What is #1 scrap steel?

The definition for no. 1 heavy melting is wrought iron and/or steel scrap 1/4 inch and over in thickness. Individual pieces not over 60 x 24 inches (charging box size) prepared in a manner to insure compact charging, as specified by the Institute of Scrap Recycling Industries. Scrap Price Bulletin publishes a no.

What is LMS scrap?

Light Melting Scrap (Lms)Ask Price. Light melting scrap where density is considerably lesser than compared to HMS (Heavy melting scrap).

What does wrought iron mean?

Wrought iron is an iron alloy with a very low carbon content (less than 0.08%) in contrast to that of cast iron (2.1% to 4%). It is a semi-fused mass of iron with fibrous slag inclusions (up to 2% by weight), which gives it a “grain” resembling wood that is visible when it is etched or bent to the point of failure.

Is stainless steel worth more than steel?

It is truly the most ideal metal for many applications. ‘New’ products made from stainless steel already contain about 60% recycled materials, making stainless one of the most sustainable metals around. This fact alone makes stainless steel one of the most valuable commodities in the metal market.

How much does scrap steel sell for?

Stainless steel is priced at $1.00 to $1.50 per kilogram. The prices of radiators may range from $3.00 to $15.00 each or $1.50 per kilogram to $4.00 if sold each….Scrap Metal Prices.ItemQualityPrice (per KG)CopperClean$ 5.50~ $7.00Mixed$5.00~ $6.00Insulated copper wireLow grade$ 2.00~ $2.50High grade$ 3.00 ~ 5.005 more rows

What are local scrap prices?

Scrap Prices#1 Bare Bright Wire. $2.85/lb.Brass (Plumbing, Pipe) $1.45/lb.Insulated Copper Wire (Cat 5/6) $0.80/lb.#1 Copper Tubing / Flashing. $2.45/lb.500-750 MCM (Bare Bright Inside) $2.30/lb.THHN Cable. $1.75/lb.

Is Cast Iron worth scrapping?

Cast Iron Scrap Price The prices offered by scrap yards for cast Iron scrap are usually very low. The prices are dependent on the quality of the metals and their source. A cast iron in relatively good condition can fetch better prices than cast iron that is old, rusted and worn out.

What is HMS 1 scrap 2?

Heavy melting steel (HMS) or heavy melting scrap is a designation for recyclable steel and wrought iron. It is broken up into two major categories: HMS 1 and HMS 2, where HMS 1 does not contain galvanized and blackened steel, whereas HMS 2 does.

What is unprepared steel?

Unprepared steel/iron scrap can include materials larger in size than prepared materials. Typically, materials should stay within the 6 feet by 20 feet range. These materials can contain non-ferrous attachments such as copper, aluminum, and brass. Prepared steel has more value than unprepared, and sells for more money.

What is HMS 80 20?

HMS 1 & 2 (80:20) Steel Scrap is defined as HMS 1 & 2, under an 80/20 mix. They fall under IRSI codes 200 to 206. There is a total of 1% or less of non-metal impurities. High carbon steel is not included in this scrap.

Is iron worth more than steel?

If the magnet sticks to your metal: You have a ferrous metal in your hands — something common like steel or iron. … These metals are very valuable to recycle and are worth more money at the scrap yard. Once you have your metals separated, search for a local scrap yard and call to see what metals they accept.

What will scrap yards not take?

Other items not to take into a scrap yard:Refrigerators with food still in them. … Anything radioactive. … Sort your junk before you get to the yard, and be smart about it. … Gas tanks. … Tires. … Wood. … The same goes for fiberglass. … Another note on junk: Christmas lights have a lot of plastic.More items…•

What is number 2 prepared steel?

#2 PREPARED IRON * Wrought iron and steel scrap, black and galvanized, maximum size 36 x 18 inches. May include all automobile scrap properly prepared.

What is considered short steel?

Short steel refers to literally short lengths of steel — typically less than 3 feet in length. … It may also be called short steel turnings.