June 21, 2022
Machine shop turnings are clean steel or wrought iron turnings, free of iron borings, nonferrous metals in a free state, scale, or excessive oil. These scrap pieces may not include badly rusted or corroded stock as defined by the Institute of Scrap Recycling Industries.
They come from a machine shop which can be a room, building or company where machining is done. Machining takes a variety of processes and cuts raw material into a final shape and design by a controlled material-removal process.
Machine shop turnings scrap prices are assessed in the broker’s buying markets of Birmingham, Buffalo, Cincinnati, Cleveland, Detroit, Houston, St. Louis, Youngstown and Hamilton, Ontario. They are also available in the delivered to consumer markets of Chicago, Philadelphia, Los Angeles and Pittsburgh. Scrap Price Bulletin also carries delivered to export yard prices for this material in the Boston market.
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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