The amount of money you can make from selling scrap iron depends on the amount of scrap iron you have to sell and how much the scrap metal yard is paying for scrap iron.
Scrap Iron prices can change daily but as of now here the price of a ton of prepared scrap iron which is 3 ft in length is $80.00 per ton.
That does not seem like much money.
However if you have several tons of scrap iron to sell to the scrap yard then you can make a good living selling scrap iron.
But you need to collect, buy and sell a lot of scrap iron to really make a living out of it.
If you just sell a little scrap iron here and there then there's not much money to be made.
I sell scrap iron sometimes after I build up enough of it and then I take it all in within a month when the prices are good enough and then I can make $2,000.00 in one month.
I don't sell scrap metal or scrap iron for a living but I sell it as a hobby and people give it to me anyway so it's free money other than having to work to load it and sell it.
I can't say no to money.