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Elec. furnace, 3 ft. and under scrap metal prices

September 17, 2018
Black steel scraps are highly practical due to their strength and high resistance to rust and corrosion, as well as to insects, rot and fire. Black carbon steel gets its color and resistance to depreciation due to an iron oxide coating that occurs due to high temperatures during the manufacturing process. Black steel can be used in many applications including water, steam, air and gas service, which makes this product versatile and widely used. Most often, these scrap bundles are charged and melted using an Electric Arc Furnace (EAF).  They are first charged and then melted with electrode power. Electric furnace bundles, seemingly similar to No. 1 dealer bundles, differ by the size and weight allotment being specified by the user and the melt method using an EAF. 
 
Electric furnace 3 ft and under (foundry) are new black steel sheet scrap hydraulically compressed into bundles no larger than 3 foot in length and weight determined by the consumer, as specified by the Institute of Scrap Recycling Industries.
 
Scrap Price Bulletin assesses electric arc furnace 3 ft and under as a delivered brokers’ buying price. This grade of ferrous scrap is exclusively covered by Scrap Price Bulletin in the Birmingham market. Scrap Price Bulletin also produces pricing for electric furnace bundles in Birmingham as well as an electric furnace 1 ft and under (foundry) grade in Los Angeles.
 

Scrap Price Bulletin publishes more than 50 steel and iron scrap price grades and reports on 18 major North American ferrous scrap markets.  Click here to visit the about our prices page or to find additional steel scrap terms, visit the glossary page.

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Elec. furnace, 3 ft. and under
Prices as of July 17, 2017
Brokers' buying prices per gross ton on cars Low High
Birmingham - Elec. furnace, 3 ft. and under 141.00 142.00