Scrap Metal (Fallout 3)

Scrap Metal can be traded to various different NPCs located in Fallout 3.

Walter in Megaton
Scrap Metal is desired by Walter in Megaton after completing the unmarked quest: Treatment. He is located in the Water Purification shack during the day. He provides 10 caps per 1 unit of scrap metal and the Game provides 5 XP per 1 unit of scrap metal. For many players -- especially those who reside in Megaton -- Walter may be the most preferable option (even when XP is no longer an issue) as you can easily fast travel to Megaton to unload your stacks of scrap metal, and then head down the ramp to Craterside Supply to sell unneeded loot.

Winthrop in Underworld
Winthrop in Underworld also trades for scrap metal. He will give Stimpaks or Rad Aways in return for 5 units.

(Unless you think you're making a difference, selling scrap here is not a profitable as other scrap buyers. As an istance, selling to Walter in Megaton will get you ten caps each; so really you only need 3 scrap to get a stimpak or whatever else is worth 30 caps. However by selling in underworld you loose profit if you where to do the above instead.)

Protector Casdin at Fort Independence
Protector Casdin of the Brotherhood Outcasts is located in Fort Independence. He will trade 12 5.56mm rounds, 1 Stimpak, 1 Rad Away or 1 Frag Grenade per 2 units.