posted on Jun, 1 2012 @ 07:10 PM
If your looking to make some extra money scrap metal prices are 75 to 80% of their historical highs - so if you have any scrap metal lying around the
yard or if you drink a lot of can beer - sell that stuff to your local scrap metal dealer & make a few bucks.
"Business is booming at scrap yards, where recycling and metal dealers are seeing a growing number of homeowners and non-traditional clients making
the extra trip to cash in their used bikes, old tools and discarded soda cans. The scrap yards also have their share of regular customers, including
contractors, who consider what they expect to earn in scraps when they bid for a job, and peddlers, who drive around retrieving metal discards.
At Schneider's, an old bike can bring in $3. Someone can pocket $12 for an aluminum wheel. Copper and steel parts inside an old air conditioner could
yield close to $20. An old cast-iron bathtub nets $40. And an old stainless steel sink? Another $12.
Owner John Schneider said the recession lured all types of scrappers to his yard, but the rising price for scrap could be a signal that the economy
may be rebounding.
"Overall, our prices are about 75 to 80% of historical highs," said Schneider, who said that the strong demand for products means more cash in the
pockets of the steady stream of scrappers driving through. "Of course, it all trickles down."
Peter Grandich, a Freehold, N.J., metals analyst, said the international demand in steel and metals has fueled price increases, despite the
beleaguered economy. Metal prices, he said, are up anywhere from 100% to 500% from where they were a decade ago"