Continuing Iron Age's Century-Long Tradition

Cleveland scrap metal prices

May 22, 2017

Cleveland’s ferrous scrap market is primarily broker buying centered, while its stainless scrap pricing is determined by dealers’ buying prices.  Major contributing mills in the Cleveland region are Timken, Elwood, Koppel, Standard Steel, Steelton, AK Butler and V&M Star.  Prices in this region are heavily dependent on the changing demands of the ferrous export market, combined with mill demand and domestic scrap supply. Scrap Price Bulletin’s coverage of the Cleveland market includes pricing for a wide range of scrap grades—including prime, cut, frag and foundry material.

Scrap Price Bulletin produces steel and iron scrap prices for no. 1 heavy melting, no. 2 heavy melting, no. 1 busheling, no. 1 dealer bundles, no. 2 bundles, shredded scrap, machine shop turnings, shoveling turnings, cast iron borings, plate and structural scrap (2 ft. and under and 5 ft. and under), punchings and plate, foundry steel (2 ft. and under), rail scrap (2 ft. and under and 18 in. and under), no. 1 RR heavy melting, drop broken machinery cast (2 ft. and under), no. 1 machinery cast and mixed cast.  Stainless scrap price assessments are given for 18-8 bundles and solids, 18-8 turnings and 430 bundles and solids.

In addition to Cleveland, Scrap Price Bulletin features weekly price assessments and regional market reports focused on more than 15 major North American ferrous scrap markets. The extensive weekly market reports call attention to specific pricing trends while offering valuable insights into market behaviors.

 

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.

Cleveland
Prices as of March 21, 2016
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 144.00 145.00
No. 2 hvy. melting 134.00 135.00
No. 1 dealer bundles 139.00 140.00
No. 2 bundles 34.00 35.00
No. 1 busheling 134.00 135.00
Shredded scrap 164.00 165.00
Machine shop turnings 29.00 30.00
Shoveling turnings 29.00 30.00
Cast iron borings 29.00 30.00
Plate and structurals, 5 ft. and under 164.00 165.00
Plate and structurals, 2 ft. and under 184.00 185.00
Punchings and plate 394.00 395.00
Foundry steel, 2 ft. and under 139.00 140.00
No. 1 RR hvy. melting 204.00 205.00
Rails, 2 ft. and under 274.00 275.00
Rails, 18 in. and under 299.00 300.00
Drop broken machinery cast, 2 ft. and under 184.00 185.00
No. 1 machinery cast 194.00 195.00
Mixed cast 189.00 190.00
Stainless (dealers' buying prices)
18-8 bundles and solids 625.00 650.00
18-8 turnings 525.00 550.00
430 bundles and solids 200.00 225.00

Market Reports

Mixed results see Cleveland up or sideways, depending on grade

By John Ambrosia - May 10, 2017

Cleveland and adjacent markets were mixed in May after experiencing a down market in April. Most prices were sideways here, although cut grades saw a bump up of $5.