Kidi
Verified member
Condemned iron refers to iron that has been declared unfit for use, usually due to damage or defects. It is not a safe or reliable material to use for construction or other purposes, and it is often sold at a significantly reduced price or simply discarded.
If you are interested in making money in the iron industry, there are many other opportunities you can explore. You could consider buying and reselling scrap metal, starting a metal fabrication business, or investing in iron mining or production companies. However, it's important to do your research and ensure that any business you start or invest in is ethical and sustainable, Here are some additional ideas for making money in the iron condemned industry.
Recycling: You can start a business that buys scrap metal, including iron, from individuals and companies and sells it to recycling centers. Recycling metal is a great way to reduce waste and make money at the same time.
Metal fabrication: If you have experience in metalworking, you could start a business that creates custom metal products for customers. This could include everything from structural steel for buildings to ornamental ironwork for homes and businesses.
Iron mining or production: If you have the capital to invest, you could consider investing in an iron mining or production company. This could be a good opportunity to make money through dividends or capital gains, depending on the company's financial performance.
Exporting: If you live in a country with a surplus of iron or a high demand for iron products, you could consider exporting iron to other countries. This can be a complex process, so it's important to research the regulations and requirements involved.
Trading: You could also consider trading iron on the commodities market. This involves buying and selling iron futures contracts, which allow you to profit from changes in the price of iron without actually buying or selling the physical metal.
If you are interested in making money in the iron industry, there are many other opportunities you can explore. You could consider buying and reselling scrap metal, starting a metal fabrication business, or investing in iron mining or production companies. However, it's important to do your research and ensure that any business you start or invest in is ethical and sustainable, Here are some additional ideas for making money in the iron condemned industry.
Recycling: You can start a business that buys scrap metal, including iron, from individuals and companies and sells it to recycling centers. Recycling metal is a great way to reduce waste and make money at the same time.
Metal fabrication: If you have experience in metalworking, you could start a business that creates custom metal products for customers. This could include everything from structural steel for buildings to ornamental ironwork for homes and businesses.
Iron mining or production: If you have the capital to invest, you could consider investing in an iron mining or production company. This could be a good opportunity to make money through dividends or capital gains, depending on the company's financial performance.
Exporting: If you live in a country with a surplus of iron or a high demand for iron products, you could consider exporting iron to other countries. This can be a complex process, so it's important to research the regulations and requirements involved.
Trading: You could also consider trading iron on the commodities market. This involves buying and selling iron futures contracts, which allow you to profit from changes in the price of iron without actually buying or selling the physical metal.
