
Originally Posted by
Mick
Magnet. Steel is magnetic; aluminum is not. Copper is red-ish; brass is yellow-ish.
A magnet is a very basic tool that every scrap metal buyer has AT ALL TIMES. My first month, I bought a 40# roll of copper-coated steel wire as copper wire. I felt real dumb until a scrap yard owner told me an employee once bought 5,000# the same way. Then I didn't feel so bad.
How about stainless steel? That's not magnetic, correct?
I called the place around the block from me and I got quoted as follows, tell me if this sounds decent to you:
Brass: .50/lb.
Copper: 2.90 - 3.10 /lb.
Steel: .08/lb.
Aluminum: .50/lb.
That seems pretty lucrative to me.
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