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Strangely enough I know this answer.... But to the point! Ferrous means that it contains iron. So your answer is: The scrap metal contains iron.

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Q: Why scrap dealers call old car bodies 'ferrous scrap'?
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Scrap metal prices in California USA?

Scrap metal prices are dependent upon basic economics as well as the major metal exchanges and market that include the London Metal Exchange, Comex, Shanghai China, etc. Prices for ferrous scrap (iron, HMS, Steel) s typically in dollars per ton whereas non-ferrous scrap metal (copper, aluminum, brass, etc.) is by the pound. Ferrous prices fluctuate much less then non-ferrous scrap metal prices. Best method to check prices is via internet website posting pricing or call your local dealer and ask what the prices for your specific scrap metal is for that day.


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