Continuing Iron Age's Century-Long Tradition

Chicago scrap metal prices

September 18, 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 scrappricebulletin.com.

Chicago
Prices as of July 18, 2016
Low High
No. 1 hvy. melting 227.00 228.00
No. 1 dealer bundles 279.00 280.00
No. 2 bundles 207.00 208.00
No. 1 busheling 279.00 280.00
Shredded scrap 239.00 240.00
Machine shop turnings 164.00 165.00
Cast iron borings 124.00 125.00
Cast iron borings, foundry 159.00 160.00
Plate and structurals, 5 ft. and under 239.00 240.00
Plate and structurals, low alloy, 2 ft. and under 319.00 320.00
Low-residual, black foundry busheling 421.00 422.00
Low-residual, ductile-quality shredded clips 421.00 422.00
Low-alloy punchings 466.00 467.00
Scrap rails, random length (del to dealers yards) 259.00 260.00
Reroller rails 279.00 280.00
Rails, 2 ft. and under 349.00 350.00
No. 1 machinery cast 364.00 365.00
Clean auto cast 364.00 365.00
Cupola cast 319.00 320.00
Stove plate 374.00 375.00
Steel car wheels 269.00 270.00
Stainless (brokers' buying prices)
18-8 bundles and solids 765.00 815.00
18-8 turnings 665.00 715.00
430 bundles and solids 145.00 160.00

Market Reports

Chicago sideways in September

By Bill Beck - September 13, 2017

“In my experience,” said one longtime Chicago broker, “this was the first time where perception wasn’t reality in the short term. When everybody thinks the market is going up, it’s going up.”