The recycle yards sell it to smelters to be reused.
Worth varies dramatically by type. You could bring in copper piping from a DIY plumbing job and make $3 a pound, or old galvanized steel chain link fencing from your house and get 20 cents. Lots of places also buy electric motors like old ceiling fans, brass fittings like hose spigots, aluminum cans, etc. At my parents place, we’d do DIY jobs around the house and save the scrap, if we saw something by the road we might stop and grab it, and we’d do a monthly scrap run and get ~$30-$50 for a truckload.
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