December 10, 2018
No. 1 dealer bundles is a prime grade of industrial ferrous scrap that’s primarily carbon steel and generated from the factory floors of manufacturers and other metal processing facilities then sold back to the steel mills. This material is described as new black steel sheet scrap, clippings or skeleton scrap, compressed or hand bundled, to charging box size, and weighing not less than 75 pounds per cubic foot. (Hand bundles are tightly secured for handling with a magnet.) No. 1 bundles may include stanley balls or mandrel wound bundles or skeleton reels, tightly secured or may include chemically detinned material, as specified by the Institute of Scrap Recycling Industries. This grade of ferrous scrap may not include old auto body or fender stock and must be free of metal coated, limed, vitreous enameled, and electrical sheet containing over 0.5 percent silicon.
Scrap Price Bulletin assesses No. 1 dealer bundles in fourteen markets across North America including Birmingham, Boston, Buffalo, Chicago, Cincinnati, Cleveland, Detroit, Hamilton/Ontario, Los Angeles, Philadelphia, Pittsburgh, South Carolina, St. Louis, and Youngstown. Depending on the market, Scrap Price Bulletin either assesses the material prices as a broker buying price, price delivered to consumer or export yard price.
For more information on Scrap Price Bulletin’s pricing methodology visit the methodology page.
Fastmarkets SPB 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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