Scrap metal prices soar

POSTED: Thursday, March 25, 2010 - 2:17pm

UPDATED: Wednesday, November 10, 2010 - 5:47pm

If you're looking for extra cash these days, recycling could be the answer.

Since the economy has weakened, scrapyards are seeing a decrease in the amount of scrap metal they bring in.

The shortage has sent the price of scrap iron through the roof.

It's up 70 percent in just the last year.

The payout for scrap metal is averaging $200/ton at Southern Recycling in Baton Rouge.

Workers say that price is getting the attention of folks who scan neighborhoods for junk on the side of the road.