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Philadelphia scrap metal prices

February 20, 2018
Philadelphia is a broker buying market serving the mid-atlantic region of the United States. Philadelphia is also a major scrap exporter for the east coast market along with New York, Boston, and Providence, Rhode Island. During the winter months, Philadelphia is greatly affected by the harsh winter weather conditions, resulting in downtime with the local metals businesses. In turn, winter outages can severely hinder not only the domestic scrap business but the global export market as well.
 
Scrap Price Bulletin covers fourteen different steel and iron prices for the Philadelphia market including no.1 machinery cast, heavy breakable cast, cupola cast, other track material (OTM), rails, 2 ft. and under, plate and structurals, 5 ft. and under, machine shop turnings, shredded scrap, no. 1 foundry busheling, no. 1 dealer bundles, no. 1 busheling (mill) and no. 1 heavy melting to domestic consumers
 
Scrap Price Bulletin subscribers can read the monthly market report assessing the major price changes and explanations surrounding price movements in Philadelphia. Market reports are also published for the other 17 cities in Scrap Price Bulletin’s coverage. 
 

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.

Philadelphia
Prices as of December 12, 2016
Low High
No. 1 hvy. melting to domestic consumers 237.00 240.00
No. 1 dealer bundles 262.00 265.00
No. 1 busheling (mill) 262.00 265.00
No. 1 foundry busheling 360.00 363.00
Shredded scrap 262.00 265.00
Machine shop turnings 197.00 200.00
Plate and structurals, 5 ft. and under 245.00 248.00
Plate and structurals, 2 ft. and under 320.00 323.00
Rails, 2 ft. and under 322.00 325.00
Other Track Material(OTM) 322.00 325.00
Cupola cast 187.00 190.00
Heavy breakable cast 137.00 140.00
No. 1 machinery cast 207.00 210.00

Market Reports

Philadelphia market drops back on slowing exports

By Bill Beck - February 14, 2018

After gaining $50 to $60 in December and January, the Philadelphia market hit the pause button in February and dropped an average of $10 on most grades. Driving the slowdown was an East Coast export market that had been on a steadily upward trajectory since Thanksgiving and began dropping prices at the docks in mid-January when Turkish buyers backed away.