Ferrous metals are metals derived from, or containing, iron. Steel is the most common of these metals, including alloys such as stainless steel. You can often tell if a metal is ferrous by sticking a magnet to it. Iron is a highly magnetized metal.
Here are a few more interesting tidbits about ferrous metals:
The most common ferrous metal alloy is steel, which can be found in cars, household appliances, construction beams and food cans.
Ferrous metals as a group make up the most recycled product in North America.
The annual recycling rate for cars is near 100 percent.
Because ferrous metal covers so many different types of materials (those mentioned above, as well as paper clips and possibly your pots and pans), you can recycle many different products at once.
Ferrous metals have great resale value, meaning you’re more likely to find locations that accept them and ones who are willing to pay you for recycling.
Recycling one ton of steel conserves 2,500 pounds of iron ore, 1,400 pounds of coal and 120 pounds of limestone.
Recycled steel has the same strength as new steel, and a typical appliance is about 75 percent recycled steel.
You can actually trade scrap metal for money. There are scrap metal dealers and recycling centers who will buy scrap metal from you, and pay you according to how much it is worth per pound. Aluminum, stainless steel, copper and iron are all metals that can be traded for money. You will need to check the worth of these metals by pound before taking them to a dealer or recycling center for cash – it’s better than these metals being left in junkyards and garages to gather dust when they can be meltd down and reused.
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