Obviously it is a hobby that will be able to produce a little bit of income. I’m looking for good books for beginners, tips, pretty much any advice I can get. I don’t have a truck, but I’m willing to put in the effort into making it a hobby of mine. I’m very interested in not only scrapping the metal, but cleaning it up and forming ingots to be sold to recycling centers or using for artwork. I’m open to suggestions and ideas, thank you.
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March 8th, 2010 at 7:22 am
http://www.washingtonpost.com/wp-dyn/content/article/2005/10/28/AR2005102801843.html
Read this article in the Washington Post first (link above) about scrapping in coal country. If it doesn’t scare you away, you then have to learn your metals, being able to identify magnesium, brass, copper and even types of aluminum. The payout on these metals are far better than steel and iron. That being said, you are starting at a tough time, commodity prices have experienced a free fall along with the stock market. Scrap steel is 2/3rds lower than just a few months ago.
If you are still interested, learn to specialize in the rarer metals, since your payout will be greater. There is nothing worse than heaving a load of scrap and hauling to the salvage yard to find that your gas cost more than you got for the load. You WILL need a way to haul, you could probably get by with a $270 Harbor Freight trailer behind your car to begin with. http://www.harborfreight.com/cpi/ctaf/displayitem.taf?Itemnumber=2575
Good Luck.