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If you got it for 0.02 or 0.03 per lbs I would buy as much as humanely possible and drive it straight to scrap yard. Last time I checked good heavy scrap was around 4.5c per lbs or 100 CAD per tonne.
I am thinking of I beam as well to make my own bridge crane.
Yeah I have way too much "little" scrap for all sorts of stands - I need to weld something with it just to get rid of it. Maybe extra stand for a grinder and some more stuff like it.