Continuing Iron Age's Century-Long Tradition

Chicago scrap metal prices

February 20, 2018

Chicago has been a major player in the iron and steel industry since prior to the Civil War. Through the years it has been a leader through the rise and fall of the metals industry and still is a highly watched market today to predict new trends.

Pricing in Chicago is assessed as a delivered to consumer market for 21 steel and iron scrap grades and 3 grades of stainless steel with historical prices online dating back to 1995.

Scrap Price Bulletin offers pricing and trends on the following metals in the Chicago market: no. 1 heavy melting, no. 2 heavy melting, no. 1 dealer bundles, no. 2 bundles, no. 1 busheling, shredded scrap, machine shop turnings, cast iron borings, cast iron borings (foundry), plate and structurals 5 ft. and under, plate and structurals low alloy 2 ft. and under, low-residual black foundry busheling, low-residual ductile-quality shredded clips, low-alloy punchings, scrap rails random length (del to dealers yards), reroller rails, rails 2 ft. and under, no. 1 machinery cast, clean auto cast, cupola cast, stove plate, steel car wheels, 18-8 bundles and solids, 18-8 turnings, and 430 bundles and solids

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.

Scrap Price Bulletin is a weekly subscription service for steel and iron scrap prices.

Subscribers benefit from regional scrap prices for Birmingham, Boston, Buffalo, Chicago, Cincinnati, Cleveland, Detroit, Hamilton, ON, Houston, Los Angeles, New York, Philadelphia, Pittsburgh, San Francisco, Seattle-Portland, South Carolina,  St. Louis, and Youngstown assessed every week.  To see a sample price sheet, download a sample issue below or take out a free trial to experience

Prices as of December 12, 2016
Low High
No. 1 hvy. melting 257.00 258.00
No. 1 dealer bundles 279.00 280.00
No. 2 bundles 207.00 208.00
No. 1 busheling 279.00 280.00
Shredded scrap 269.00 270.00
Machine shop turnings 189.00 190.00
Cast iron borings 154.00 155.00
Cast iron borings, foundry 189.00 190.00
Plate and structurals, 5 ft. and under 269.00 270.00
Plate and structurals, low alloy, 2 ft. and under 329.00 330.00
Low-residual, black foundry busheling 431.00 432.00
Low-residual, ductile-quality shredded clips 431.00 432.00
Low-alloy punchings 461.00 462.00
Scrap rails, random length (del to dealers yards) 289.00 290.00
Reroller rails 279.00 280.00
Rails, 2 ft. and under 359.00 360.00
No. 1 machinery cast 404.00 405.00
Clean auto cast 404.00 405.00
Cupola cast 359.00 360.00
Stove plate 334.00 335.00
Steel car wheels 299.00 300.00
Stainless (brokers' buying prices)
18-8 bundles and solids 765.00 815.00
18-8 turnings 665.00 715.00
430 bundles and solids 85.00 100.00

Market Reports

Chicago market sideways in February

By Bill Beck - February 14, 2018

“It was a pretty easy month” is the way one Chicago broker summed up the ferrous scrap market locally in February.