Continuing Iron Age's Century-Long Tradition

Chicago scrap metal prices

April 16, 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 February 13, 2017
Low High
No. 1 hvy. melting 272.00 273.00
No. 1 dealer bundles 314.00 315.00
No. 2 bundles 242.00 243.00
No. 1 busheling 314.00 315.00
Shredded scrap 282.00 283.00
Machine shop turnings 209.00 210.00
Cast iron borings 169.00 170.00
Cast iron borings, foundry 204.00 205.00
Plate and structurals, 5 ft. and under 284.00 285.00
Plate and structurals, low alloy, 2 ft. and under 369.00 370.00
Low-residual, black foundry busheling 466.00 467.00
Low-residual, ductile-quality shredded clips 466.00 467.00
Low-alloy punchings 496.00 497.00
Scrap rails, random length (del to dealers yards) 304.00 305.00
Reroller rails 279.00 280.00
Rails, 2 ft. and under 394.00 395.00
No. 1 machinery cast 414.00 415.00
Clean auto cast 414.00 415.00
Cupola cast 379.00 380.00
Stove plate 334.00 335.00
Steel car wheels 314.00 315.00
Stainless (brokers' buying prices)
18-8 bundles and solids 765.00 815.00
18-8 turnings 665.00 715.00
430 bundles and solids 155.00 170.00

Market Reports

Chicago market records another strong month in April

By Bill Beck - April 11, 2018

After seeing prime grades up $10 in March and cut grades up $30 to $40, many dealers in Chicago fully expected to see more of the same in April. But those expectations were quickly brought down to earth, and the April market in the Windy City settled at up $10 on prime grades, up $20 on cut grades, and up $5 on turnings. When all the trades were settled, many in the Chicago market were left with the feeling that markets were unlikely to go much higher than they are right now.