#2 Bundle consists of old black and galvanized steel sheet scrap, hydraulically compressed to charging box size and weighing not less than 75 pounds per cubic foot, so that the material can be handled with a magnet.
Wrought iron and/or steel scrap above 1/8 inch in thickness compressed to charging box size and weighing not less than 75 pounds per cubic foot and free of all coated material, except as found on automobiles can be classified under #2 Bundle scrap. Auto body and fender stock, burnt or hand stripped, may constitute up to 60% by weight.
#2 Bundle scrap may not include tin or lead-coated material or vitreous enameled material.
The #2 Bundle scrap is a prime grade of ferrous scrap, but carries lesser value when compared with #1 Bundle scrap.
price
In general, #2 Bundle Steel Scrap is accepted by all ferrous scrap yards. These yards often accept steel scrap from various sources and prepare the scrap for reuse by employing various techniques. The processed scrap is generally sold to steel mills and foundries.
yards
Scrap yards often buy #2 Bundle Steel scrap from various sources including industrial plants, auto dismantlers, building demolition companies etc., as they generate these scrap materials in bulk quantities. The processed scrap from yards is delivered to mills and foundries where they are re-melt and used in the manufacture of new steel. Incidentally, steel can be recycled any number of times.