June 24, 2019
No. 1 busheling is a prime grade of industrial scrap metal that’s generated off the factory floors of manufacturers and other metal processing facilities. The no. 1 busheling price has been used as a key performance indicator for the United States automotive and manufacturing industries.
No. 1 busheling is defined as clean steel scrap, not exceeding 12 inches in any dimensions, including new factory busheling (for example, sheet clippings, stampings, etc.). As specified by the Institute of Scrap Recycling Industries, no. 1 busheling may not include old auto body and fender stock. Also, this grade of ferrous scrap is free of metal coated, limed, vitreous enameled, and electrical sheet containing over 0.5 percent silicon.
No. 1 busheling is assessed by Scrap Price Bulletin reporters in twelve markets across North America including Birmingham, Boston, Buffalo, Chicago, Cincinnati, Cleveland, Detroit, Hamilton,Ontario, Houston, Pittsburgh, South Carolina and St. Louis.
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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