Continuing Iron Age's Century-Long Tradition

Detroit scrap metal prices

February 20, 2018

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 December 12, 2016
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 129.00 130.00
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 165.00 166.00
Machine shop turnings 124.00 125.00
Shoveling turnings 124.00 125.00
Cast iron borings 139.00 140.00
Cupola cast 159.00 160.00
Automobile cast 159.00 160.00
Stainless (processor/brokers' buying prices)
18-8 bundles and solids 825.00 850.00
18-8 turnings 725.00 750.00
430 bundles and solids 235.00 255.00

Market Reports

Detroit in and out at sideways in February

By Bill Beck - February 14, 2018

For the third straight month, Detroit set the ferrous scrap market for a good chunk of the United States, coming out on February 1 with an offer to purchase scrap for the same price it had paid in January. The sideways movement was essentially wrapped up before the close of business on Friday, and the shortest month of the year marked probably the shortest trading period of the year.