June 21, 2021
No. 1 heavy melting to domestic consumers is a cut grade of scrap comprised of obsolete scrap. Wrought iron and/or steel scrap 1/4 inch and over in thickness. Individual pieces not over 60 x 24 inches (charging box size) prepared in a manner to insure compact charging as specified by the Institute of Scrap Recycling Industries.
Scrap Price Bulletin publishes a no. 1 heavy melting to domestic consumer price in Philadelphia. In addition to Philadelphia, Scrap Price Bulletin assesses a no. 1 heavy melting price in seventeen markets across North America including Birmingham, Boston, Buffalo, Chicago, Cincinnati, Cleveland, Detroit, Hamilton/Ontario, Houston, Los Angeles, New York, Pittsburgh, San Francisco, Seattle-Portland, South Carolina, St. Louis, and Youngstown. Published pricing is designated as either a delivered to consumer, brokers’ buying or export yard price.
For more information on Scrap Price Bulletin’s pricing methodology visit the methodology page.
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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