Continuing Iron Age's Century-Long Tradition

Detroit scrap metal prices

September 18, 2017

Detroit, Michigan is a broker buying market central to the United States steel manufacturing market.  

Scrap Price Bulletin produces steel and iron prices for no. 1 heavy melting, no. 1 dealer bundles, no. 1 busheling, shredded scrap, plate and structural, 5 ft. and under, machine shop turnings, shoveling turnings, cast iron borings, cupola cast, and automobile cast.

Our reporters assess pricing in 18 major markets in the North American ferrous scrap markets each week, talking to a broad sample of market participants involved in the buying and selling of steel and iron scrap. In addition to material pricing, Scrap Price Bulletin publishes regional market reports each month for Detroit that detail specific transactions and viewpoints in each region. Detroit’s market report and pricing are reported and updated consistently and with the latest data and pricing information each week.

Geographically nearby, Chicago, Cleveland and Hamilton, Ontario are also covered in depth by Scrap Price Bulletin’s reporters for pricing and regional market reports, giving you a complete view of the US Northern Midwest and Canadian scrap markets as they often relate to each other.

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.

Detroit
Prices as of July 18, 2016
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 99.00 100.00
No. 1 dealer bundles 119.00 120.00
No. 1 busheling 167.00 168.00
Shredded scrap 147.00 148.00
Plate and structurals, 5 ft. and under 135.00 136.00
Machine shop turnings 94.00 95.00
Shoveling turnings 94.00 95.00
Cast iron borings 109.00 110.00
Cupola cast 129.00 130.00
Automobile cast 129.00 130.00
Stainless (processor/brokers' buying prices)
18-8 bundles and solids 775.00 800.00
18-8 turnings 675.00 700.00
430 bundles and solids 235.00 255.00

Market Reports

Detroit sideways on most grades

By Bill Beck - September 13, 2017

In the week after Labor Day, the consensus in Detroit was that strong demand would bump prices for most grades of scrap anywhere from $10 to $30. That came on the heels of a fairly robust market in August that saw prices increase $10 across the board.