May 20, 2019
No. 2 heavy melting is a cut grade of scrap comprised of obsolete scrap. The material is comprised of wrought iron and steel scrap, black and galvanized, 1/8 inch and over in thickness, charging box size to include material not suitable as no. 1 heavy melting steel. This definition is specified by the Institute of Scrap Recycling industries. The grade is prepared in a manner to insure compact charging and is often abbreviated as HMS2.
Depending on the market, Scrap Price Bulletin either assesses the material prices as a broker buying price, delivered to consumer price 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.
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. To see a sample price sheet, download a sample issue below or take out a free trial to experience scrappricebulletin.com.