Step One: Is it metal? If yes, then you have found your answer.
Step Two: Because it is heavily rusted, it is probably of high iron content (Steel or Heavy Iron) or about $.06 to $.10 a pound.
Step Three: Haul it to your scrap yard, and walk away with your money.
Fun Fact: Scrap yards will pay the same price for steel no matter how rusted, bent, or mangled it is. It all goes by weight in this game.
Not trying to be mean, but this is a very easy question to answer. You have a lot of reading to do.
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