Continuing Iron Age's Century-Long Tradition

Chicago scrap metal prices

June 11, 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 April 10, 2017
Low High
No. 1 hvy. melting 282.00 283.00
No. 1 dealer bundles 359.00 360.00
No. 2 bundles 287.00 288.00
No. 1 busheling 359.00 360.00
Shredded scrap 292.00 293.00
Machine shop turnings 214.00 215.00
Cast iron borings 179.00 180.00
Cast iron borings, foundry 214.00 215.00
Plate and structurals, 5 ft. and under 304.00 305.00
Plate and structurals, low alloy, 2 ft. and under 404.00 405.00
Low-residual, black foundry busheling 511.00 512.00
Low-residual, ductile-quality shredded clips 511.00 512.00
Low-alloy punchings 541.00 542.00
Scrap rails, random length (del to dealers yards) 319.00 320.00
Reroller rails 279.00 280.00
Rails, 2 ft. and under 429.00 430.00
No. 1 machinery cast 414.00 415.00
Clean auto cast 414.00 415.00
Cupola cast 344.00 345.00
Stove plate 339.00 340.00
Steel car wheels 334.00 335.00
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

Prime grades up $10 in busy Chicago market

By Bill Beck - June 13, 2018

Going into June, buyers and sellers had questions about the direction of the Chicago market, which had been sideways on prime grades and down $10 on cut grades in May.