March 12, 2018
No. 2 heavy melting is a cut grade of scrap comprised of obsolete scrap. The material is comprised of wrought iron and steel scrap, black and galvanized, 1/8 inch and over in thickness, charging box size to include material not suitable as no. 1 heavy melting steel. This definition is specified by the Institute of Scrap Recycling industries. The grade is prepared in a manner to insure compact charging and is often abbreviated as HMS2.
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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