Elec. furnace bundles scrap metal prices
January 18, 2022
Black steel scraps are highly practical due to their strength and high resistance to rust and corrosion, as well as to insects, rot and fire. Black carbon steel gets its color and resistance to depreciation due to an iron oxide coating that occurs due to high temperatures during the manufacturing process. Black steel can be used in many applications including water, steam, air and gas service, which make this product versatile and widely used. Most often, these scrap bundles are charged and melted using an Electric Arc Furnace (EAF). They are first charged and then melted with electrode power. Electric furnace bundles, seemingly similar to No. 1 dealer bundles
, differ by the size and weight allotment being specified by the user and the melt method using an EAF.
Electric furnace bundles are new black steel sheet scrap hydraulically compressed into bundles of size and weight, as specified by the Institute of Scrap Recycling Industries.
Electric furnace bundles pricing is covered by Scrap Price Bulletin exclusively in the Birmingham market. For more information about Scrap Price Bulletin’s pricing methodology visit the methodology page 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.
Fastmarkets SPB 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. Subscribe to Fastmarkets SPB today to get access to our regional scrap prices.
Elec. furnace bundles
Prices as of November 9, 2020