May 20, 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 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 thirteen markets across North America including Philadelphia
, South Carolina
and St. Louis
In the Philadelphia scrap market, Scrap Price Bulletin provides high and low pricing for no. 1 busheling
and no. 1 foundry busheling
, which are two separate grades of metal. In order to better communicate this difference, Scrap Price Bulletin lists pricing for this grade as no. 1 busheling (mill).
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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