Are Steel Prices Good Right Now?

Posted on February 18, 2022 by gardencity

Steel is an important material used in various applications all over the globe. In fact, it is hard to name an industry that does not use some form of steel in some way or another! With these facts being true, you can surely imagine the importance of recycling and repurposing steel as much as possible. Steel recycling supports a wide range of benefits and delivers a scope of advantages for everyone and the entire planet.

Recycling steel is a great way to preserve our natural resources by decreasing our need to mine for new steel ore, inflate the economy by providing jobs and putting cash in your wallet, and much more. For these reasons, you are encouraged to recycle all your steel and metal scrap. Did you get that part about the cash in your wallet? Scrap metal companies in Indianapolis will pay you cash for your metal scrap based on the current metal prices and similar factors! This might have you wondering how good the steel prices are right now.

Continue reading to learn more about the current scrap steel prices, plus where you can earn top dollar for your metal scrap in Indianapolis.

Steel Recycling for Cash Indianapolis Indiana 1-888-586-5322

Current Steel Prices for 2022

Last year, the steel supply was down. But this year, steel is in surplus, making the price more normalized than in previous years. It is important to understand that the price of steel, and all scrap metal for that matter, fluctuates on a continuous basis. Prices can change by the day, the hour, and even the minute! It is wise to check the market on a regular basis if you are wishing to be strategic about your scrapping profits.

As of today, February 18^th, 2022, most steel prices are up:

Steel BX =▲$0.26/lb.
Stainless Steel = ▲$0.76/lb.
Nonmagnetic Stainless Steel = ▲$0.71/lb.
Stainless Steel Breakage = ▲$0.71/lb.

Stainless Steel Heat Sinks = ▲$0.69/lb.
Stainless Steel Sinks = ▲$0.28/lb.
Stainless Steel Kegs = ▲$0.48/lb.
PC Board w/Steel = ▲$0.42/lb.

400 Series Stainless Steel = ▲$0.16/lb.
310 Stainless Steel = ▲$1.13/lb.
316 Stainless Steel = ▲$0.93/lb.
321 Stainless Steel = ▲$0.63/lb.

#1 Steel = ▲$251.00/ton
#1 Heavy Melting Steel = ▲$288.00/ton
#2 Heavy Melting Steel = ▲$206.00/ton
#1 Prepared Steel = ▲$284.00/ton

#2 Prepared Steel = ▲$211.00/ton
Steel Shavings = ▲$102.00/ton
Shreddable Steel = ▲$248.00/ton
Plate and Structural Steel = ▲$252.00/ton

Complete Car = ▲$227.00/ton

Some Steel Prices are Down:

17-4 Stainless Steel = ▼$0.28/lb.
High Speed Steel = ▼$0.16/lb.
300 Series Stainless Steel = ▼$0.74/lb.
304 Stainless Steel = ▼$0.70/lb.
*SOURCE

Are you looking for a Central Indiana scrap metal recycling center for steel recycling? Just contact Garden City Iron & Metal at 1-888-586-5322 for the highest standards of professionalism, and the highest payouts for steel metal recycling in Indianapolis, Indiana. We pay cash on the spot for scrap steel and more!

Garden City Iron and Metal 1-888-586-5322

Can I Recycle Stripped Copper Wire at a Scrap Yard?

Posted on December 20, 2021 by gardencity

There are plenty of scrap yards to choose from in Indiana, but not all of them recycle metal. If you have stripped copper wire to dispose of, be sure you find a scrap metal yard that accepts it before hitting the road with your freight. Continue reading to learn more about recycling stripped wire copper, including Indy’s leading choice for scrap metal recycling services.

Copper Recycling Indianapolis Indiana 1-888-586-5322

The Value of Copper

Copper is one of the Earth’s most valuable natural resources. The metal contains so many beneficial properties, including high thermal and electrical conductivity. These properties make copper a highly applicable material for all sorts of industries and uses, including manufacturing, plumbing, building, construction, electronics, art, and more! The value of copper continues to increase in terms of applications. As for the metal market, the price of copper varies depending on certain factors, such as type, demand, macroeconomics, and more.

Regardless of its current value, copper is always a highly sought-after metal among scrap yards. Copper can be 100% recycled over and over again, without jeopardizing its natural properties. You can expect to get paid for recycling copper, so long as you choose the right scrap yard and prepare your freight accordingly.

How to Recycle Stripped Copper Wiring

When it comes to making the most money from recycling copper, the brighter the color, the better. Additionally, you can stand to make more profit it your copper wiring is already stripped of its insulation. Copper wiring conducts electricity, so it needs to be insulated. Because the insulation does not have any repurposing value, it cannot be recycled, and therefore, many places do not accept it. Some do accept insulated copper wire but pay less for it.

Stripped copper wiring, on the other hand, can be recycled. Here’s how:

► Contact an Indianapolis scrap metal recycling center to request a quote for your copper.

► Accept their offer and schedule a time for drop off.

► Drop your scrap copper off at their designated collection campus.

► Get paid for your scrap copper.

*If you have an substantial load of scrap copper, the scrap yard may provide haul-away service.

Tips for Stripping Copper Wiring

If you are recycling scrap copper wiring for a cash payout, it is in your best interest to strip the wiring of its insulation to maximize your profit. Purchase high quality wire strippers at a home improvement retailer and do it by hand. It is possible to use a blowtorch to melt off copper wire insulation, but this method is not recommended. It can cause noxious fumes in the surrounding communities, which can upset upper respiratory systems, alarm neighbors, and pollute the air. If you are not up for the labor-intensive job of removing insulation from copper wiring, it is recommended to just recycle the wiring as-is.

Are you looking for a local scrap metal recycling yard that will take your copper wiring, with or without insulation? Contact Garden City Iron & Metal at 1-888-586-5322 to get paid cash on the spot for recycling copper in Indianapolis, Indiana. We offer FREE junk car and heavy machinery removal, too!

Top 2 Ways to Confirm Ferrous Metal

Posted on October 28, 2021 by gardencity

If you are trying to determine whether an object of metal is ferrous or not, these two quick and simple methods will confirm results in no time.

Scrap Metal Buyers Indianapolis 1-888-586-5322

What is Ferrous Metal?

Ferrous simply means iron, which means that ferritic metals contain nominal traces of iron. Common examples of ferrous metal include steel, stainless steel (unless it is a high-caliber stainless steel heavily galvanized with nickel), carbon steel, and tin. Nonferrous metals, like aluminum, brass, and copper, do not contain iron.

So, how do you know if something made of metal contains ferritic properties? Try these two fast and easy tests to make your confirmation.

► Magnet Test

Ferrous metals are attracted to magnets. Your refrigerator is donned with a cluster of magnets because it contains iron metal. So, the next time you need to test metal to tell if it is ferrous or nonferrous, simply grab one of your refrigerator magnets and see if it sticks. If the magnet drops off instantly, the object does not contain iron and therefore, is not ferrous, or nonferrous.

► Rust Observation Test

Another test that might be even quicker than the first is the rust observation test. You see, ferrous metal does not rust, which is caused by a process known as oxidation. When the properties of nonferrous metal are exposed to oxygen, rust will begin to form. If you examine your object for rust and find none, you are likely dealing with a ferrous metal. But to be sure, try the magnet test too.

Using X-Ray Metal Analyzers

For some metal objects and commodities, deciphering the metal composition in detail is not so cut and dry. Metal analyzing equipment and technologies, such as XRF analyzers, are used to precisely confirm the metal constituents within an object.

Are you ready to sell your ferrous and nonferrous metals for cash on the spot? Contact Garden City Iron & Metal at 1-888-586-5322 to speak with a professional scrap metal buyer in Indianapolis, Indiana. We accept all metals.

What You Can Do With Surplus Steel

Posted on October 15, 2021 by gardencity

Whether you own a construction company or teach a metal fabrication class, having a surplus of leftover steel from a recent project can benefit you greatly in many ways. Continue reading to learn what you can do with surplus steel, including one way that will make you an instant cash profit right here in central Indiana.

Steel Recycling Center Indianapolis IN 1-888-586-5322

The Advantages of Scrap Steel

One the best attributes of scrap steel is that it is 100% recyclable and can be repurposed into a countless number of commodities applicable in a wide range of industries. From construction and farming to automotive manufacturing, food canning, and much more, steel plays a vital role in our nation’s economy, as well as the global economy.

So, when you have leftover steel that seems to serve no purpose, look to these ideas to make the most out of your scrap metal:

Artwork

Do you have an artist in the family? Scrap metal, especially steel piping and sheet metal, can be used to create magnificent art projects and artworks. From sculptures and statues to abstract figures and more, steel makes the perfect material for molding and welding art of all forms.

Structural Repairs

If you consider yourself a pretty capable handyman, you can use your left over scrap steel to provide certain reinforcements and repairs around your home or business. You can use scrap steel to build handrails and banisters, or to reinforce patios and decking.

Shed Construction

If you are preparing to build a new shed or storage utility barn on your property, your leftover steel scrap can be put to good use. Talk to your general contractor about incorporating your left over scrap in order to reduce the cost of materials.

Steel Recycling

The best thing you could possibly do with your surplus steel is to sell it to a local metal recycling center for cash on the spot. Not all metal recycling centers in Indiana pay cash on the spot, or at all for that matter, so it’s important for you to do your research. Supporting steel recycling is an important initiative that can make you feel good and fatten up your wallet!

Are you looking for a trusted Indiana metal recycling company that will pay you top dollar for your steel? Contact Garden City Iron & Metal at 1-888-586-5322 to speak with a professional scrap metal buyer in Indianapolis, Indiana. We accept all scrap metal and metal commodities, including scrap steel and construction scrap.

List of Ferrous and Nonferrous Metals That Can Be Recycled

Posted on September 28, 2021 by gardencity

There are various types of metal found all around the world, but all metals can be placed into one of two categories: ferrous or non-ferrous. The most distinguishing difference between ferrous and non-ferrous metal is iron. How can you tell the difference between a ferrous and nonferrous metal? If a magnet sticks to the metal, it contains iron, which would make it ferrous.

You see, iron is a magnetic metal, so if a magnetic sticks, it must contain a sufficient amount of iron content. In some cases, the concentration of iron is too weak to attract a magnet, so additional equipment would be necessary in determining its true composition. Precious metals can also be ferrous or nonferrous. They are rare, naturally-occurring elemental metals that have a high economic value.

Continue below to review a list of the most common ferrous and nonferrous metals that can be recycled, as well as where to recycle your scrap metal in Indianapolis!

Indianapolis IN Scrap Metal Recycling 1-888-586-5322

Ferrous Metals that Can Be Recycled

▷ Stainless Steel
▷ Iron
▷ Carbon Steel
▷ Mild Steel
▷ Cast/Wrought Iron
▷ Iron

Non-Ferrous Metals that Can Be Recycled

► Copper
► Aluminum
► Brass
► Lead
► Tin
► Titanium
► Zinc
► Nickel

Non-Ferrous Precious Metals that Can Be Recycled

▷ Gold
▷ Silver
▷ Platinum

Exotic Non-Ferrous Precious Metals that Can Be Recycled

► Cobalt
► Bismuth
► Beryllium
► Zirconium
► Cadmium
► Mercury
► Tungsten

Are you ready to recycle metal and make some fast cash at the same time? Contact Garden City Iron & Metal at 1-888-586-5322 to learn why our scrap metal recycling center in Indianapolis is the leading choice among environmental supporters here in Indiana!

You Should Also Read:

What Can Be Recycled in a Junk Car?

Posted on July 30, 2021 by gardencity

If you think about how many parts on your car get replaced over the years, you can see that it is a lot. This includes old tires, depleted car batteries, used engine oil, brake pads, and much more. Although these components were meant to be replaced on a regular basis, they should still be recycled and refurbished a much as possible. There are some common parts of a car that are recycled every day.

Continue reading to learn about what car parts can be recycled, and where to recycle them here in Central Indiana.

Indianapolis Indiana Automotive Recycling 1-888-586-5322

Auto Parts That Can Be Recycled

Motor Oil

One of the most common components in a vehicle that can, and should be, recycled, is oil. Any conventional motor oils are recyclable. You simply take them to your local recycling center, and they clean it up and distribute it for reuse. Your vehicle goes through a lot of oil changes and fluid changes over the years, so be sure to recycle these fluids to help increase sustainability in our environment. If you are having your fluids and oils changed professionally, they are most likely already being saved for recycling.

Automotive Fluids

Besides oil, fluids such as coolant, gasoline, and refrigerant, are reusable. Battery acid can be recycled into sodium sulfate, a white powder used in laundry detergents, glass, and other textiles. Oil filters are also recyclable. You can save these and drop them off at a recycling center as well.

Ferrous and Non-Ferrous Metal

Anything metal in a car can also be recycled. On average, cars are made of up nearly 70 percent iron and steel. These two metals are always in demand and can be reused over and over again. Vehicles can also contain car parts made of aluminum, copper, zinc, magnesium, and brass. These too can be recycled and reused. From catalytic converters to car batteries, anything made of metal can be recycled in a vehicle.

Plastic and Rubber

Tires are another popular car component to recycle. Rubber can be melted down multiple times to create new products and parts in other industries. Plastic is also found in cars, such as bumpers and interior frames. This can also be recycled. Tires are known to be recycled into new tires, floor mats, splash shields, and even brake pedals.

Do you have old or broken auto parts you would like to recycle? Contact Garden City Iron & Metal at 1-888-586-5322 for automotive recycling services in Indianapolis, Indiana. Our scrappers pay cash on the spot for all metal and junk cars!

You Should Also Read:

Frequently Asked Questions About Junk Car Recycling
How to Safely Get Rid of a Used Car Battery
What is This Junk Car Worth?

Top 2 Technologies Used to Determine Metal Composition

Posted on July 21, 2021 by gardencity

The need to ascertain metal composition accurately and expediently is vital to the evolving scrap metal recycling enterprises today. When you take your scrap metal to a local metal recycling center, they will analyze your freight of metal and metal-containing commodities using a wide range of technologies, including XRF analyzers and x-ray radiation technologies like laser-induced breakdown spectroscopy (LIBS).

Continue reading to learn more about these two types of metal analyzing technologies, and who to trust with highest payouts for your scrap in Indiana.

Indianapolis Scrap Metal Buyers 1-888-586-5322

X-Ray Fluorescence (XRF)

XRF metal analyzers, or X-Ray Fluorescence-based technology, one the most commonly-applied metal analyzing process used among modern day scrap yards and metal recycling centers. Not only is an excerpt metal in lesser nondestructive method of confirming a metals composition, but as a handheld device, it is convenient and easy to use by anyone who is trained in the technology. Although these devices have remained a primary and go-to source of metal analyzation in the past few decades, a new metal analyzing technology has emerged in the scrap metal recycling industry known as laser-induced breakdown spectroscopy, or simply LIBS.

Laser-Induced Breakdown Spectroscopy (LIBS)

Recently, laser-induced breakdown spectroscopy (LIBS) technology has been introduced to the metal scrubbing industry. As an innovative x-ray radiation technology, LIBS can help scrap metal recycling centers pinpoint and verify the metal composition within a commodity. The device accomplishes this by using short-pulse low-energy laser beams that trigger laser ablation; as a result, scrappers get a precise sample analysis without the risk of radiation exposure. It is most applied to nonferrous metal analyzation processes, namely aluminum.

Primary Differences Between the Two Metal Analyzing Technologies

LIBS is most suitable for analyzing and sorting nonferrous materials like aluminum, magnesium, and titanium grade metals. As for most other metal analyzing applications, x-ray radiation technologies are still the best option, especially for heavy metals, positive material identification precision requirements, stainless steel, and high temperature alloys.

Do you have left over metal materials or scrap metal to recycle for cash in Indiana? Contact Garden City Iron & Metal at 1-888-586-5322 to recycle scrap metal in Indianapolis and make the most profit in town. We accept all metal and metal commodities, especially vehicles!

You Might Also Enjoy:

What To Do With Leftover Construction Scrap
What are Heavy Metals?
Comparing 409, 439, and 430 Stainless Steel Sheet Metal

Facts About Metal Aging

Posted on June 22, 2021 by gardencity

From heating and quenching, to work hardening, annealing, and more, there are many ways to modify the physical and aesthetic properties of a metal alloy. Although many metals can be modified in these ways, there are some metals that are unique, and therefore, better suited for a method known as metal aging.

Continue reading to review some frequently asked questions about metal aging, and how you can make the best out of your aged or over-aged metal supplies.

Metal Aging Basics

Metal aging is a process that changes the physical and aesthetic properties of solution heat-treated metal alloys. There are two types of metal aging: natural and artificial. All metal alloys experience a certain form of aging throughout its lifespan, forming metal precipitates as the years go on. Natural metal aging is beneficial because it renders increased strength and hardness, however, it also reduces its ductility. Artificial aging synthetically accelerates the production of metal precipitates at a must faster rate than if nature took its course.

Metal Alloys That Can Be Aged

The best metal alloys suited for metal aging are solution heat-treatable metal alloys, such as aluminum, stainless steel, copper alloys (notably copper-beryllium alloys), and even titanium, nickel, and magnesium.

▷ Grades of Aluminum – 2XXX, 6XXX, and 7XXX
▷ Grades of Stainless Steel – 17/10P, 17/4PH, and 17/7PH
▷ Grades of Copper – C17200 and C17300

Metal Over-Aging

Metal over-aging is when metal aging takes a turn for the worst. An alloy has over-aged when it’s metal precipitates have changed in size. As a result, the aging process is no longer beneficial, and instead, renders the alloy weaker and softer. The most common causes for metal over-aging are welding or cold working a metal.

What to Do With Aged or Damaged Metal

When aging or over-aging impacts your metal supply, don’t just toss it out; sell it to a local Indianapolis scrap metal recycling center instead. They accept all metals in any condition. You can get paid cash on the spot when you choosing a reputable scrap metal buyer, plus contribute to the important initiative of recycling.

Not sure where to get started with the scrap metal selling process? Contact Garden City Iron & Metal at 1-888-586-5322 to speak with a professional scrap metal buyer in Indianapolis, Indiana. We accept all scrap metal and metal commodities, including junk cars.

You Might Also Read:

5 Fundamental Categories of Metal
What are PGM’s?
The Price Difference Between Ferrous and Non-Ferrous Metal

Why You Should Recycle Steel Automotive Parts

Posted on June 11, 2021 by gardencity

Recycling junk cars has a huge impact on our environment, economy, and more; an impact that is entirely positive. There are many benefits of junk car recycling, most of which involve steel. Continue reading to learn why it is important to recycle the steel in junk cars, and how you can personally contribute to this wonderful initiative.

Indianapolis Scrap Steel Recycling 1-888-586-5322

Most Vehicles Contain More Steel Than Any Other Metal

Most vehicles are manufactured with steel because it is a highly durable, strong, and dependable metal. Not only can it protect drivers and passengers, but it can also be recycled and repurposed over and over again. In fact, most steel is made from existing steel materials, which does wonders to preserve our natural resources, conserve energy, and reduce harmful emissions produced by metal refining factories. According to the Steel Recycling Institute (SRI), “recycling a single ton conserves 2500 pounds of iron ore, 1400 pounds of coal, and 120 pounds of limestone.”

Vehicles, on average, are 60% steel and iron. The shell alone is 25% of the total amount of steel in a car or truck, on average. This includes the quarter panels, trunk, hood, and doors. Additionally, internal parts and metal components are recycled for their steel, such as automotive parts, gaskets, circuit boards, and more.

Tons of Automotive Steel are Recycled Every Year

Motorized vehicles are among the most frequently recycled consumer product in the country. Regardless of who owned them or what happened to them, virtually all cars end up in the recycling process. According to the Steel Recycling Institute (SRI), more than 14 million tons of steel from cars are recycled each year. This can actually be argued as a 100% recycling rate among vehicles no longer suited for the road!

The Auto Salvaging Process

The junk car recycling process, although not too complicated, requires a fleet of highly-specialized equipment and technology. Most metal reprocessing centers will start by draining the vehicle of any remaining fluids to stay within environmentally responsible recycling practices. These fluids include transmission fluid, brake fluid, power steering fluid, windshield wiper fluid, radiator fluid, battery fluid, and motor oil. Next, they will begin to dismantle the vehicle of all its reusable parts, like wheels, tires, headlights, doors, windows, fenders, bumpers, trunk lids, stereos, and any operational or repairable auto parts.

After a vehicle is finished with the draining and dismantling process, all that’s left are scattered hulks. This is usually shredded in an industrial metal shredder, which is an enormous and innovative machine that can shred large hulks down to fist-sized pieces in less than 45 seconds. These pieces are a compilation of steel, non-steel metals, and fluff (non-recyclable rubber, plastic, glass, etc.). A large magnetic sorter is used to separate the steel and iron pieces from the rest of the shredding material, which are then shipped all across the country to various metal buyers, reprocessed, and steel mills.

Call Garden City Iron & Metal at 1-888-586-5322 to get started with your contribution to steel recycling initiative. Recycle scrap metal and junk metal commodities in Central and Southern Indiana for cash on the spot!

You Might Also Like:

The Basic Types of Steel Metal
Most Valuable Metals in Junk Cars
What is This Junk Car Worth?

Can I Recycle Used Rebar in Indiana?

Posted on May 13, 2021 by gardencity

Having leftover steel supplies is quite the advantage, in fact. If you work on a construction site, or in the construction and building industry, or even in the metal fabrication industry, you are likely to be faced with the option of taking home or retaining scrap steel, most commonly rebar. As a business owner of his construction or general contracting company, you might also find yourself with a bunch of leftover building supplies like rebar and steel tubing. If so, you might be wondering what you can do to get rid of all of this left over scrap in a safe and efficient manner. The answer is to recycle them. You can even make some money doing it!

Continue reading to learn how to recycle used rebar in Indiana, including the types of construction rebar commonly accepted at scrap metal recycling centers.

Indianapolis Industrial Scrap Metal Recycling — Indianapolis Steel Metal Recycling 1-888-586-5322

Common Types of Rebar

There are various types of rebar used in the construction and building industry, but the most common types include stainless steel, galvanized, epoxy-coated, expanded/wire mesh, and carbon steel. The good news is that all types of rebar are 100% recyclable and accepted at any local Indianapolis metal recycling center.

► STAINLESS STEEL – Stainless steel rebar is a very common type of rebar used in the building and construction industry. It is a great alternative to carbon steel rebar, which is cheaper but not as visually appealing and resistant to corrosion.

► CARBON STEEL – As mentioned, carbon steel rebar is cheaper than stainless steel rebar, but just as reliable. For this reason, it is the most commonly used rebar in the construction and building industry. It’s a downfall, however, is its poor resistance to corrosion and other moisture-causing damages.

► GALVANIZED – Hot-dipped galvanized (HDG) rebar is coated with a layer of zinc, giving it a higher resistance to corrosion and rust (oxidation). This type of rebar is often used in the building construction industry for Marine applications, or any application involving water and moisture, such as commercial kitchens and bathrooms.

► EPOXY-COATED – Just like galvanized rebar, epoxy-coated rebar retains a much higher level of resistance to corrosion and oxidation compared to other types of steel rebar. The primary difference between this type of rebar and galvanized rebar is that epoxy-coated rebar has a more delicate coating that does not hold up well during the shipping and handling process.

► EXPANDED/WIRE MESH – Expanded metal and wire mesh are known as rounded rebar. They are commonly used in the paving and construction industry for concrete reinforcement grids and similar building support applications.

Where to Recycle Scrap Rebar and Scrap Steel in Indiana

Did you know that you can recycle all of your scrap construction metal at any local Indiana scrap metal recycling center and make casual doing it? There is a catch, however. You must be sure you choose a well-established and reputable scrap metal dealer to ensure you receive the maximum payout for your scrap steel and construction materials.

Which company can provide these amenities and more in Indianapolis? The answer is Garden City Iron and Metal. Contact us at 1-888-586-5322 to request a free offer for industrial and manufacturing scrap metal recycling in Indianapolis, Indiana.

You Should Also Read:

3 Types of Magnetic Stainless Steel
Comparing 409, 439, and 430 Stainless Steel Sheet Metal
The Basic Types of Steel Metal