light iron vs #1?

I read a thread on here about the difference. Still confused. I went to the scrap yard last week, and the guy in charge seemed a little confused, too. I had some Cold-rolled mild steel, all .125" thick & under, all clean, slugs & smaller pieces from punching operations. He seemed to settle on it being light iron, @.09 cents a pound. He couldn't really seem to tell me the difference........so, what would be light iron, and therefore worth more?

Mick; Yeah, looks like what I saw. I don't understand, though. I get it that what I have is light iron, but not why it's considered that. Seems like they care more about the shape of the pieces rather than contamination (paint galvanized, ect.), or alloy.

For iron you mean? Or aluminum? The yard I go to has never had me separate my steel - it all goes into one bin so I don't have to follow the guide in that beginners thread you are talking about but i do have to sort all my aluminum grades.

oh, wait - if I have rotors those DO go as heavy iron and get more per lb.

Wait a minute you are telling me it you had new production scrap and you let it go with the old obsolete scrap pile HMS. Should have went as busheling and I would have argued till I got that grade or at least made them show me there busheling and clip pile before selling it as light iron. Some yards don't buy new production scrap you need to find a yard that does. That stuff you scrapped is worth 450-500 a ton direct to the mill.

Mick 600 miles come on we both know he is getting hosed and there's what 9500 scrap yards or something like that in the USA. I am sure he can find one closer then that if he is getting his material from a stamping plant which he is. Then there should be no problem finding a yard that buys new production scrap. Its pretty simple make a call and drive by the yard if they have new production scrap its pretty easy to tell from the street. Its the shiny pile that looks like new steel.

Uhhh, yeah, this is new material we have just processed. I'm getting the leftover stuff, all nice & shiny. When I dropped off that 1st batch a couple weeks ago, I only had 300#. (And I think their truck scale was off on the high side.) I don't know if amounts effect what they give you. This yard is only 20 min away, though, and in the future I'll be bringing more weight at once.

So, PSP, I should be getting around 23 cents a pound? Why is it worth more because it's shiny? And I dod not see a pile anywhere around that looked like that. I've only been there once, but I will take a closer look next time I go. Which might be soon. BTW, anyone know what Light Iron is getting about now?

It all goes in one pile at my yard. Other than engines, rotors, ect... They practically take anything. They don't pay the highest, but I'm not having to break a lot down either.