Continuing Iron Age's Century-Long Tradition

Chicago scrap metal prices

November 20, 2017

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 September 19, 2016
Low High
No. 1 hvy. melting 207.00 208.00
No. 1 dealer bundles 239.00 240.00
No. 2 bundles 167.00 168.00
No. 1 busheling 239.00 240.00
Shredded scrap 219.00 220.00
Machine shop turnings 134.00 135.00
Cast iron borings 104.00 105.00
Cast iron borings, foundry 139.00 140.00
Plate and structurals, 5 ft. and under 219.00 220.00
Plate and structurals, low alloy, 2 ft. and under 289.00 290.00
Low-residual, black foundry busheling 381.00 382.00
Low-residual, ductile-quality shredded clips 381.00 382.00
Low-alloy punchings 426.00 427.00
Scrap rails, random length (del to dealers yards) 239.00 240.00
Reroller rails 279.00 280.00
Rails, 2 ft. and under 319.00 320.00
No. 1 machinery cast 354.00 355.00
Clean auto cast 354.00 355.00
Cupola cast 309.00 310.00
Stove plate 334.00 335.00
Steel car wheels 249.00 250.00
Stainless (brokers' buying prices)
18-8 bundles and solids 765.00 815.00
18-8 turnings 665.00 715.00
430 bundles and solids 115.00 130.00

Market Reports

Chicago market settlement was testy in November

By Bill Beck - November 15, 2017

The settlement on scrap pricing last month in Chicago was easy. Almost everyone in the market accepted the inevitability of a drop in pricing that saw prime grades plunge $40, with cut grades off $30.