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What is Ferrous Scrap Metal?

Posted by Diane Mcdade on

Ferrous Scrap Metal is a material that has a high concentration of iron. Ferrous scrap metal can come in many different forms, including steel, cast iron, and stainless steel. However, the most common type of ferrous scrap metal is non-steel. Ferrous scrap metal can be sorted by its grade or by weight.

Ferrous scrap metal is a type of recycled metal that comes from products that are no longer used or needed. This includes items such as cars, appliances, and even construction materials. Ferrous scrap metal is an important resource because it can be recycled and used to create new products.

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Pricing ferrous scrap metal can be complex because there are many factors to consider. The most important factor is the type of metal being recycled. Ferrous scrap metal is classified into three grades: #1, #2, and #3. The prices for each grade vary depending on the market conditions.

#1 ferrous scrap metal is of the highest quality and commands the highest price. It is typically used to create new steel products. 

#2 ferrous scrap metal is less pure and is often used in the production of cast iron products. 

#3 ferrous scrap metal is the lowest quality and is typically only used for landfills or other applications where it will not be seen or used.

To get the best price for your scrap metal, it is important to know what grade you have and find a buyer who is willing to pay a fair price for it.