The scrap metal business involves the process of recycling metals from junk to raw material for various purposes. When recycling you can use a magnet to roughly assess value. Magnets stick to most ferrous metals. If it does stick, the metal has low value as scrap, otherwise, it may command a higher price.Learning to identify and sort various metals

You will receive a fair price of non-ferrous metals such as copper, aluminum, brass, bronze, stainless steel. Ensure that you compare the prices offered by the dealers before selling it.

You can sell scrap metal for $195 per ton; the scrap yard approximately pays $10 for 100 pounds of metal. This scrap metal rate is subject to change as per the scrap metal yard you are selling it to.