When you are trying to determine the value of a car, there are many factors that come into play. The price of the metal alone is just one piece of the puzzle. To get an accurate estimate of your car's value, you would need to consider the weight and type of metal used, as well as the current market conditions.
The average car contains about 2,000 pounds of steel and iron. The price per pound of these metals can fluctuate greatly, depending on global supply and demand. For example, in 2015-2016 when China was buying up large amounts of steel for their infrastructure projects, prices spiked significantly. Currently, prices have stabilized somewhat but are still elevated compared to pre-2015 levels.
Assuming an average mix of steel and iron in a typical car, at today's prices you could expect the metal alone to be worth around $800-$900. This is just a rough estimate though and doesn't take into account other important factors like mileage, condition or desirability. So while the price of scrap metal is one important consideration when valuing a car, it's certainly not the only one!