Continuing Iron Age's Century-Long Tradition

Chicago scrap metal prices

May 22, 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 March 21, 2016
Low High
No. 1 hvy. melting 187.00 188.00
No. 1 dealer bundles 199.00 200.00
No. 2 bundles 127.00 128.00
No. 1 busheling 196.00 197.00
Shredded scrap 209.00 210.00
Machine shop turnings 114.00 115.00
Cast iron borings 69.00 70.00
Cast iron borings, foundry 104.00 105.00
Plate and structurals, 5 ft. and under 199.00 200.00
Plate and structurals, low alloy, 2 ft. and under 279.00 280.00
Low-residual, black foundry busheling 354.00 355.00
Low-residual, ductile-quality shredded clips 354.00 355.00
Low-alloy punchings 399.00 400.00
Scrap rails, random length (del to dealers yards) 219.00 220.00
Reroller rails 279.00 280.00
Rails, 2 ft. and under 304.00 305.00
No. 1 machinery cast 349.00 350.00
Clean auto cast 359.00 360.00
Cupola cast 314.00 315.00
Stove plate 374.00 375.00
Steel car wheels 229.00 230.00
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 is sideways nearly across the board

By Bill Beck - May 10, 2017

In what one broker called “the first non-exciting month of 2017,” Chicago went almost dead solid sideways in May.