Continuing Iron Age's Century-Long Tradition

Cleveland scrap metal prices

December 10, 2018

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.

 

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 October 9, 2017
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 244.00 245.00
No. 2 hvy. melting 234.00 235.00
No. 1 dealer bundles 289.00 290.00
No. 2 bundles 114.00 115.00
No. 1 busheling 294.00 295.00
Shredded scrap 259.00 260.00
Machine shop turnings 102.00 103.00
Shoveling turnings 102.00 103.00
Cast iron borings 102.00 103.00
Plate and structurals, 5 ft. and under 264.00 265.00
Plate and structurals, 2 ft. and under 284.00 285.00
Punchings and plate 489.00 490.00
Foundry steel, 2 ft. and under 219.00 220.00
No. 1 RR hvy. melting 279.00 280.00
Rails, 2 ft. and under 354.00 355.00
Rails, 18 in. and under 379.00 380.00
Drop broken machinery cast, 2 ft. and under 264.00 265.00
No. 1 machinery cast 274.00 275.00
Mixed cast 269.00 270.00
Stainless (dealers' buying prices)
18-8 bundles and solids 950.00 975.00
18-8 turnings 850.00 875.00
430 bundles and solids 225.00 250.00

Market Reports

Scrap prices in Ohio Valley largely hold firm in December

By Sean Barry - December 12, 2018

Ferrous scrap prices in the Ohio Valley largely held their ground in December as a wave of supply, partly generated by slack exports off the East Coast, was met by robust mill and foundry demand.