After 10 years outside, it's probably covered in dust and grime, and gotten an oxide layer. It probably isn't immediately sellable to a car factory...
But it could be reprocessed very inexpensively and become sellable. The loss of value would probably be well under 1%.
People saying "it's so old, it's basically scrap" either don't know what they're talking about, or they're deliberately deceiving - and being market traders, I suspect the latter in the hopes of pushing market prices higher.