The density of the load will dictate the weight. I have seen 40 yrd. dumpster hold 10 - 15 tons of # 1 tubing, angle iron, and beams. I have seen them hold roughly four tons of household items.
The height of such a container (8 ft.) limits loading by hand unless it has a drop gate. Make sure if you go this route, you get one with a gate. Not all tubs have gates. Still at one point or another you will have to shut the gate and then everything has to be thrown over the top.
Next sort your metal to maximize the load. Putting all flat metal on the bottom will allow more in the load. In Omaha you can sort your shred and unprepared in the container to get more money. Most yards allow at least two different types of metal in the same container. Just make sure you are there when they weigh it and unload it.
As far as theft out of the container, it should not be a problem as long as it does not contain non ferrous. It will be too much work for shred.
If the yard will provide the container for free, great deal. If not you might want to consider your truck and purchasing a trailer as mentioned above. Good Luck.
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