December 10, 2018
No. 1 machinery cast is a foundry grade of obsolete scrap comprised of large iron castings obtained from heavy machinery, including manufacturing, agricultural and construction equipment, cleaned and broken up to foundry size scrap. This definition is specified by the Institute of Scrap Recycling Industries and listed in their annual scrap specifications circular.
Depending on the market, Scrap Price Bulletin either assesses the material prices as a broker buying price, delivered to consumer price or export yard price.
For more information on Scrap Price Bulletin’s pricing methodology visit the methodology
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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