Those I beams don't look too bad....If you have time and the space, you might try Craigslist next time to see if you can do better than scrap. As long as they are straight, rust isn't too much of an issue. New steel is about 70 cents per lb so the home hobby guys (and farmer types) would be looking for decent pieces.
The Little Giant thing---the name suggests that it might be a pump of some sort. Need an overall photo to tell for sure.
Jon.
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