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Value of scrap metal?

oldgrump 614 49 October 9, 2011 at 07:53 AM
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Upgraded my heating system and have a working but now scrap value cast iron Burnham boiler about 30" high and 24 deep and wide.

What is, and how can I maximize getting scrap value for it, or does it have any other use?

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#2
If you're handy and willing to spend quite a bit of time with it you can take it apart and separate the metals by type then sell them to buyers of those particular metals. You'll make more money going this route, but it's more work.

If you're not handy and/or willing to spend the time with the other route you can take it to a metal recycler (just google "metal recycler" with the city you live in or live near) who will pay you for the entire unit. More than likely, all you'll do is put the unit in the bed of your truck, drive to the place and onto their scale where they'll weigh your truck and the unit, then you'll dump the unit where they tell you, then you'll drive back on the scale where they'll weigh just the truck. The difference is the weight of the unit. They'll pay you based on a general formula that fluctuates daily based on the metals market they follow. It's just like the stock market (in terms of fluctuations daily and even throughout the day), but for metals. You will not make as much money going this route, but it's much, much easier and quicker.
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#3
If it works, put it on Craigslist, somebody may want it and you'll get more money!

Brian's advice is spot on, I actually handle scrap shipments for some recyclers in Houston. "General" steel scrap is being bought for about $8-$12 per 100 pounds, some recyclers pay more than others, so call them and find out before going there!

If you have the time, separating the unit into cast iron, sheet metal, aluminum and copper will net you more money since aluminum and copper go for much higher prices.

In all honesty, you need to estimate how much it weighs, and then see how much work and driving you have to do, and how much you may make for it. It might just be a whole lot easier to dump it in front of your house and have the city pick it up (or some guy who picks up scrap haha), than break your back lifting it and driving half an hour to make $30. Recycling scrap metal usually only makes sense if you're hauling ~500 lbs or more at a time.
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#4
I didn't even think about the Craigslist route, but MISHNAH is exactly right - selling the unit on Craigslist (if you're able to) will almost certainly be your most profitable route.
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#5
ahh the good old days of scrapping - my father was an electrician and would have TONS (literally) of scrap wire. I spent many hours stripping copper when I was young (fetches more $$).

Steel & iron, on the other hand, are sometimes hardly worth the effort to recycle. Right now it seems the market price is around $300-$400/GT (e.g. like 15-20 cents per pound). Then you have to factor in your time, gas, etc.

Try craigslist first, because people will come to you, then call around for scrap yards.
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Quote from Dr. J View Post :
Steel & iron, on the other hand, are sometimes hardly worth the effort to recycle. Right now it seems the market price is around $300-$400/GT (e.g. like 15-20 cents per pound). Then you have to factor in your time, gas, etc.

I was also going to say that you might not get enough to cover your gas.
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Quote from Dr. J View Post :
ahh the good old days of scrapping - my father was an electrician and would have TONS (literally) of scrap wire. I spent many hours stripping copper when I was young (fetches more $$).

Steel & iron, on the other hand, are sometimes hardly worth the effort to recycle. Right now it seems the market price is around $300-$400/GT (e.g. like 15-20 cents per pound). Then you have to factor in your time, gas, etc.

Try craigslist first, because people will come to you, then call around for scrap yards.
Your figure is more along the lines of processed shredded metal, which his is far from.

For example, last time I checked here in Houston, the recyclers were buying general metal scrap for $10-12 per hundred lbs ($200-240 per ton), and once the metal was shredded or chopped, they sell it as a commodity for mid-$400 per ton.
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#8
Quote from MISHNAH View Post :
Your figure is more along the lines of processed shredded metal, which his is far from.

For example, last time I checked here in Houston, the recyclers were buying general metal scrap for $10-12 per hundred lbs ($200-240 per ton), and once the metal was shredded or chopped, they sell it as a commodity for mid-$400 per ton.
I just googled it and there was a *wide* variation. Of course the further you are from the end use (forge), the less you will get for the metal due to all the middle men involved.
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#9
If a picture is worth a thousand words, what should I do with this leaking boiler?

overall:


leak:
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Last edited by oldgrump October 13, 2011 at 08:59 PM
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#10
Dont old computer motherboards contain gold? Do recyclers buy those?
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#11
Quote from PRINTABLECOUPON View Post :
Dont old computer motherboards contain gold? Do recyclers buy those?
Yes they do contain very small amount of gold. I don't think they would give you $$ for a single board, but you might get a few $ for a bunch of boards...it is pretty involved (and dangerous) to strip gold from PCBs, so it is usually done on a large scale.
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#12
Got like 80 new serverboards that I have not done anything with that take up space in garage what could i expect to get out of them as a low end estimate?
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#13
Wasn't worth bothering with. I hired an insured scrap dealer and paid them to haul it out. That thing weighed a ton! The effort to get it out was enormous.
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Quote from oldgrump View Post :
Wasn't worth bothering with. I hired an insured scrap dealer and paid them to haul it out. That thing weighed a ton! The effort to get it out was enormous.
My FIL replaced his a few years ago and resigned to just using a sledge hammer to break it into manageable chunks.
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#15
It was a well spent $250 for three guys and a truck. That's their business. Probably does very well in the end.

Last thing I want to do now is swing a sledgehammer. My back would probably fly further than the sledge!
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