SCRAP NEWS | Month: June 2021

Metal Monday: History of Copper

Copper is one of the oldest known elements to have been used for tools, trading, and decorative pieces. Dating back thousands of years you will be able to see copper used in multiple uses from trading coins to hunting tools. Today copper is found in almost every electronic that you see and is one of […]

The Difference Between Gross Ton & Net Ton

What is the difference between a gross ton and a net ton? It’s a common question not just in scrap, but in the world. With so many various types of measurements based on the location in the world, the industry, and type of material it’s hard to keep track.

Copper Prices Drop & China’s Involvement – 6/16/21

That Hurt 🤕 So far $0.20 has been shaved off of copper in one day certainly is not how we want to start going over a market report. But the markets happen, and we want to talk about them, so let’s get to it.

How To Handle Taxes from Scrap Metal Profits

Right off the bat, we want to preface this conversation by saying we are NOT tax professionals, lawyers, etc. The purpose of this article is to provide context to a question that we see asked over and over again by scrappers: how to do I handle taxes from scrap metal profits?  Who Needs To Pay […]

10 Scrap Metal Questions with iScrap App Founder

Hey Scrappers,  Tom here. We’re going to be answering all of the questions that we’ve been asked over the last couple of weeks, just going over many different things. Hopefully, We will help you learn more about making more money and might even give you some ideas on questions that you didn’t know you had […]

4 Factors Choosing The Right Scrap Yard

How do you choose a scrap yard? Over the years, we have spoken to many scrappers, and we have tried to figure out how they think, what they look for in scrapping, and where they sell material. Believe it or not- one of the most important things that we have heard back from them is […]

Metal Monday: Scrapping Ballasts

How to recycle scrap metal ballasts

Ballasts are all over the place…you might not “see,” them…but they help you see wherever you are. Inside of all types of lights there are different types of ballasts. From copper to electronic ballasts they are all over the place and need to be looked for when you are scrapping. There are a few different […]

10 Ways To Help The Environment With Scrap Recycling

The high value of copper has led to a lot of unwanted press across the US for the scrap recycling industry from stories covering metal theft. Before you give the industry a bad reputation, let’s consider a few of the environmental impacts of the scrap metal industry. Did you know that 40% of the world’s raw […]

US Scrap Metal Laws By State

CLICK HERE TO FIND YOUR STATE LAWS Scrap Metal Laws – Know Before You Go. The iScrap App Team is pleased to announce that we are going to bringing you the great resources and scrap law information from the scrap metal industry. With the largest scrap yard directory and community of scrappers, we want to be able […]

When Scrap Prices Drop, Hoarding Goes Up

Scrap Metal Price Changes

Like any industry, scrap metal recycling fluctuates based on market conditions and supply and demand. Recently the prices in the scrap industry have seen a bit of a downfall compared to last year at this time. In 2015, we are seeing 10-year lows for steel and iron prices. During these times, many scrappers (and scrap yards) […]

How To Separate Your Copper Scrap for Recycling

Ever come across some metal or items that you know can be recycled at your local scrap yard? In today’s world of energy-efficient cars and technology, recycling is a well-known practice among most communities. Scrap metal recycling is one of the largest industries in the world that adds to the growing culture of restore, renew, […]

Copper Mining Strikes Effect On Pricing

Sometimes there are large ups and downs in the scrap markets that come out of nowhere and take many people by surprise…and we always get asked why it happens. If were as easy as 1 + 1 = 2 that would be awesome, but it tends to be much more complex then that. We wanted […]