Every year millions of tons of metals are thrown away. Construction companies and other industries dispose the metals off blindly. Many people don’t know that the junk can actually fetch them some money. One of the most popular metals used for various purposes is Iron. Scrap Iron can actually be sold at a good price because Iron is used for many purposes. Iron is a ferrous metal and usually it sells for a lower price. However, it is also easier to sell Iron because the demand is high.How to determine the value of Scrap Iron?Iron mostly is prone to rust and damage. It reacts with the air and develops rust on it. This is one of the biggest reasons why it is priced at a lower scale. Usually, when you take the Iron to a scarp dealer, it will be weighed as whole. Even though the Iron is rusted and damaged, the weight of it will be considered. Different dealers will have different parameters to judge the value. The price one dealer offers may be different from the other. Overall, there will only be a marginal difference.How to find the right dealer?There are several dealers in Malaysia, some who also advertise quite a bit. Look up all the Scrap dealers in your locality and see how much they have to offer. Call up the dealers and find out how much they buy Iron for.If you have a huge quantity of Iron to be sold, you can bargain for a little higher price. Also, you need to include the transportation costs to take the Scrap to the dealer. It always makes sense to find someone closer to your locality, so that you can save on transport.What are the types of Scrap that are accepted?When it comes to Scrap Iron, anything from a single nail to machinery and other broken Iron parts are accepted. The Iron that you sell in such places are treated and recycled into fresh usable metal again. If you have huge items like machinery that cannot be broken down, they will be sold at a lower price. The Scrap dealer has to spend more money on the Iron for disintegrating it. Usually, smaller items that can easily be treated and broken down sell at a higher price.ConclusionStart collecting junk items that can be recycled. Do not take small quantities to a dealer. The higher the quantity of Scrap metal you have the more money you will make. It is also possible to bargain for more if the quantity is high. Even Scrap dealers collect huge amounts of Scrap before they recycle it. Since Iron is not a metal that will disintegrate easily, you can store it for a long time. You can leave it lying around in the house or yard until you have collected a huge quantity. The only concern is transporting the Scrap Iron to the dealer. Some dealers arrange for the ScrapIron to be picked up, but usually they charge for it. However, if the quantity of the Scrap Iron is high, you could bargain or even get them to waive off the transportation cost.
