May 20, 2019
Cast iron borings are clean cast iron or malleable iron borings and drillings, which are free of steel turnings, scale, lumps or excessive oil and coming from a single source, as specified by the Institute of Scrap Recycling Industries. Cast iron borings are found primarily in Scrap Price Bulletin's coverage of the Chicago market.
Cast iron borings can be used in a variety of different industrial applications. They can also be used to manufacture various other products. Iron borings, also commonly known as swarf, chips, turnings, fillings or shavings, are the particles of debris or waste resulting from the manufacturing process. Recycling cast iron boring is important due to safety and environmental reasons. Borings can cause serious injury if not handled correctly, as well as persisting in the environment for a long time before degrading. After the borings are created, any liquids or oils are removed by using a centrifuge, which separates the liquid from the metal, allowing it to be reclaimed and prepared for further treatment. Recycling these scraps are highly valued as they generally return more profit than the cost of handling and transportation.
Scrap Price Bulletin publishes pricing for Cast iron borings (non-foundry grade) in Pittsburgh, Chicago, St. Louis, Detroit, Cleveland, Cincinnati, Buffalo, Birmingham and Hamilton, Ontario. Details about Scrap Price Bulletin’s pricing methodology can be found here.
Fastmarkets SPB 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.
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