July 16, 2018
No. 2 bundles is a prime grade of industrial ferrous scrap and is old black and galvanized steel sheet scrap, hydraulically compressed to charging box size and weighing not less than 75 pounds per cubic foot. This grade of scrap may not include tin or lead-coated material or vitreous enameled material. 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.
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