Continuing Iron Age's Century-Long Tradition

Cleveland scrap metal prices

April 15, 2019

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 meltingno. 1 busheling, no. 1 dealer bundles, shredded scrap, machine shop turnings, plate and structural scrap (2 ft. and under and 5 ft. and under), punchings and plate. 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.

 

Fastmarkets SPB 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.

Fastmarkets SPB 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 February 5, 2018
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 304.00 305.00
No. 2 hvy. melting 294.00 295.00
No. 1 dealer bundles 319.00 320.00
No. 2 bundles 174.00 175.00
No. 1 busheling 324.00 325.00
Shredded scrap 329.00 330.00
Machine shop turnings 157.00 158.00
Shoveling turnings 157.00 158.00
Cast iron borings 157.00 158.00
Plate and structurals, 5 ft. and under 324.00 325.00
Plate and structurals, 2 ft. and under 344.00 345.00
Punchings and plate 549.00 550.00
Foundry steel, 2 ft. and under 279.00 280.00
No. 1 RR hvy. melting 339.00 340.00
Rails, 2 ft. and under 414.00 415.00
Rails, 18 in. and under 439.00 440.00
Drop broken machinery cast, 2 ft. and under 324.00 325.00
No. 1 machinery cast 334.00 335.00
Mixed cast 329.00 330.00
Stainless (dealers' buying prices)
18-8 bundles and solids 975.00 1,000.00
18-8 turnings 875.00 900.00
430 bundles and solids 250.00 275.00

Market Reports

Oversupply pushes scrap prices lower in April

By Sean Barry - April 8, 2019

Ferrous scrap prices fell in April as an oversupply of material outweighed the impact of lingering delays on the river network, with prices crumbling anywhere between $20 to $30 per gross ton from last month.