Scrap is generally the name given to all substances and materials that have lost their reusability, have no functional value, and are outdated. In countries that are industrially and economically developed, scrap is as valuable as new products. Iron scrap is one of the most recycled materials in the world and more than 50% of the world’s steel is produced from iron. Scrap iron has become very common in our country in recent years with the development of the construction sector. Scrap iron prices are determined by the type of iron.