The strength of a scrap yard electromagnet is influenced by several factors, including its diameter, current (50-70 amps), and the magnetic properties of the scrap material. A magnet with an 880 mm diameter can typically lift around 350 kg of flat steel at 20 amps, and potentially up to 1 ton under ideal conditions at higher currents, though overheating risks limit its duty cycle. The ability to lift varies significantly based on the shape and material of the scrap, with different types of steel exhibiting different magnetic properties. The height to which the magnet can lift is determined by the lifting device rather than the magnet itself. Overall, while the electromagnet can lift significant weights, safety precautions must be taken to prevent accidents during operation.