Continuing Iron Age's Century-Long Tradition

Cleveland scrap metal prices

July 17, 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 May 16, 2016
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 214.00 215.00
No. 2 hvy. melting 204.00 205.00
No. 1 dealer bundles 219.00 220.00
No. 2 bundles 104.00 105.00
No. 1 busheling 214.00 215.00
Shredded scrap 234.00 235.00
Machine shop turnings 99.00 100.00
Shoveling turnings 99.00 100.00
Cast iron borings 99.00 100.00
Plate and structurals, 5 ft. and under 234.00 235.00
Plate and structurals, 2 ft. and under 254.00 255.00
Punchings and plate 454.00 455.00
Foundry steel, 2 ft. and under 209.00 210.00
No. 1 RR hvy. melting 274.00 275.00
Rails, 2 ft. and under 344.00 345.00
Rails, 18 in. and under 369.00 370.00
Drop broken machinery cast, 2 ft. and under 254.00 255.00
No. 1 machinery cast 264.00 265.00
Mixed cast 259.00 260.00
Stainless (dealers' buying prices)
18-8 bundles and solids 675.00 700.00
18-8 turnings 575.00 600.00
430 bundles and solids 200.00 225.00

Market Reports

Cleveland scrap prices flat in July as market in balance

By Sean Barry - July 12, 2017

Ferrous scrap prices held their ground across the board in Cleveland in July as supply and demand reached parity and did not justify a move either way.