July 6, 2020
Punchings and plate scrap is comprised of foundry grade material that is derived from the punching process. This is a metal forming process that uses a press to force a tool through steel plate or sheet metal to create a hole. The scrap created as a result may be recycled, reused or discarded.
Punchings and plate scrap contains punchings or stampings, plate scrap, and bar crops containing not over 0.05 percent phosphorous or sulphur and not over 0.5 percent silicon, free from alloys, as specified by the Institute of Scrap Recycling Industries. All materials cut 12 inches and under, and with the exception of punchings or stampings, must be at least 1/8 inch in thickness. Punchings or stampings under 6 inches in diameter may be any gauge.
Scrap Price Bulletin produces consumer buying prices for punchings and plate scrap pricing in Pittsburgh
and brokers’ buying prices for this material in Cleveland
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.