With ever-increasing economic difficulties worldwide, everyone has had to find a way to bring in some extra cash. Even with all this, it is quite a surprise that one particular hustle has gone completely under the radar, and that is metal scrapping.
This hustle is very lucrative due to the increasing need for rare earth metals and materials to sustain the current modern society. You too can join in on the train of scrap metal scrapping today. Here’s how.
Find Out What Sells
Before you jump right into metal scrapping, you’ve got to know what sells. A common mistake that a lot of beginners make is that they think all metal is worth the same, and you’ll get more by scrapping large metals. Well, that’s not the truth, not all metals have the same scrap value, and the profit from what you scrap is not dependent on the size of scrap but rather the inherent value of each metal or component, either due to ease of recyclability or reuse.
Steel beams and components made of cast iron are usually of lower value because they contain iron, i.e they are Ferrous metals, and ferrous metals have lower scrap value. Old refrigerator components are also not good scrap because they not only contain Ferrous metals susceptible to rust, but are highly unsafe. These refrigerators often still contain some CFCs or Polyurethane foam, which are health hazards.
On the flip side, you have metals like stainless steel, brass, copper, aluminum and rare earth metals like cobalt and lithium, which have high scrap value because they are either rare or can be found in just about anything from vehicles, motors, cooking utensils and wiring. They are also favored because they often require less power and manpower to recycle and reuse.
Get the Necessary Tools For the Job.
Before you can even begin to properly scrap, you need some tools. These tools will ensure that you can easily dismantle the scrap item and safely remove the valuable component without damaging it or yourself.
Some of the necessary tools for metal scrapping include: cutters, pliers, bins, magnets and some gloves for protection.
Learn How to Dismantle and Sort
Another important card to hold onto if you want to become a successful metal scrapper is knowing out to sort. Lots of scrapers will just bring whole components without separating the valuable parts from the non-valuable parts. This will reduce the overall value of what they bring because the buyer will still require additional manpower to dismantle and sort the scrap.
It’s also important that you know what materials you have and how much they weigh, something that sorting will help with. This will reduce the possibility of you being scammed.
Ready to Start Scrapping? Contact Second Street Iron & Metal Today!
Second Street Iron & Metal will buy your scrap metal today! Contact us on our website or call us at 617) 387-1188.
