July 15, 2019
The term stove plate can be broken down to be better understood. Stove is used to describe the method in which the metal is heated and melted, while plate describes what shape the metal takes. Metal becomes classified as plate metal once it reaches a thickness of 6mm. This material is generally used in circumstances where strength and durability are important.
Stove plate scrap must be free from malleable and steel parts, window weights, plow points, or burnt cast iron as defined by the Institute of Scrap Recycling Industries. The advantage of using stove plate scrap in a mixture for machinery castings is that this particular scrap ensures close-grained castings. It is almost certain that stove plate scrap will contain between 2.5-2.75% silicon, sulfur not above .08-.10% and average phosphorus of about 1%. Due to this mixture, the grain should be found to be very close.
Pricing for stove plates is primarily in the consumer buying Chicago market.
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.