Continuing Iron Age's Century-Long Tradition

Chicago scrap metal prices

August 13, 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 June 12, 2017
Low High
No. 1 hvy. melting 277.00 278.00
No. 1 dealer bundles 359.00 360.00
No. 2 bundles 287.00 288.00
No. 1 busheling 359.00 360.00
Shredded scrap 282.00 283.00
Machine shop turnings 204.00 205.00
Cast iron borings 169.00 170.00
Cast iron borings, foundry 204.00 205.00
Plate and structurals, 5 ft. and under 294.00 295.00
Plate and structurals, low alloy, 2 ft. and under 404.00 405.00
Low-residual, black foundry busheling 506.00 507.00
Low-residual, ductile-quality shredded clips 506.00 507.00
Low-alloy punchings 536.00 537.00
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 409.00 410.00
Clean auto cast 409.00 410.00
Cupola cast 339.00 340.00
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

Chicago prime grades give back $10 from last month

By Bill Beck - August 15, 2018

After sliding sideways in June and July, Chicago prime grades finally bit the bullet and dropped $10 in August. Cut grades continued their summer swoon, dropping $20 in August on top of identical $10 dips in June and again in July.