And it stays out of the landfill, always a plus. I learned from a recent freelancing interview that the city of Lincoln, Nebraska is estimated to throw away about $13 million in recyclable items each year. The company doing the study took core samples four times a year, and that was their estimate.
The type of metal dramatically affects the value, though.
25 pounds of sheet iron = $1.4419 pounds of old sheet aluminum = $10.45
And, yes, I looked up how much it cost to drive to the scrap metal dealer. It's 87 cents, one way.