Continuing Iron Age's Century-Long Tradition

Detroit scrap metal prices

July 17, 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 May 16, 2016
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 119.00 120.00
No. 1 dealer bundles 119.00 120.00
No. 1 busheling 167.00 168.00
Shredded scrap 177.00 178.00
Plate and structurals, 5 ft. and under 155.00 156.00
Machine shop turnings 114.00 115.00
Shoveling turnings 114.00 115.00
Cast iron borings 129.00 130.00
Cupola cast 139.00 140.00
Automobile cast 139.00 140.00
Stainless (processor/brokers' buying prices)
18-8 bundles and solids 725.00 750.00
18-8 turnings 625.00 650.00
430 bundles and solids 235.00 255.00

Market Reports

Detroit widens premium on prime grades

By Bill Beck - July 12, 2017

After dropping $10 and widening the spread between shredded and prime grades, shredded went sideways when the market settled in Detroit last Friday. But the spread widened another $10 because that’s what prime grades increased in Detroit in July. The spread is now at $70 in the Motor City.