Continuing Iron Age's Century-Long Tradition

Buffalo scrap metal prices

January 14, 2019

Buffalo is a broker buying market that is driven nearly exclusively by Nucor Steel Auburn, Inc., a mill that according to its website specializes in carbon steel angles, channels, flats, reinforcing bars, rounds and squares. Scrap Price Bulletin’s coverage of the Buffalo market includes pricing for a wide range of scrap grades—including prime, cut, frag and foundry material.

Scrap Price Bulletin produces steel and iron scrap prices for no. 1 heavy melting, no. 2 heavy melting, no. 1 busheling, no. 1 dealer bundles, no. 2 bundles, shredded scrap, machine shop turnings, mixed borings and turnings, shoveling turnings, cast iron borings, plate and structural scrap (2 ft. and under and 5 ft. and under), rail scrap (2 ft. and under and random length), no. 1 machinery cast and cupola cast.

In addition to Buffalo, Scrap Price Bulletin features weekly price assessments and regional market reports focused on more than 15 major North American ferrous scrap markets. The extensive weekly market reports call attention to specific pricing trends while offering valuable insights into market behaviors.

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.

Buffalo
Prices as of November 6, 2017
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 224.00 225.00
No. 2 hvy. melting 214.00 215.00
No. 1 busheling 319.00 320.00
No. 1 dealer bundles 309.00 310.00
No. 2 bundles 109.00 110.00
Shredded scrap 239.00 240.00
Machine shop turnings 114.00 115.00
Mixed borings and turnings 114.00 115.00
Shoveling turnings 114.00 115.00
Cast iron borings 114.00 115.00
Plate and structurals, 5 ft. and under 234.00 235.00
Plate and structurals, 2 ft. and under 274.00 275.00
Rails, 2 ft. and under 329.00 330.00
Rails, random length 244.00 245.00
No. 1 machinery cast 269.00 270.00
Cupola cast 234.00 235.00

Market Reports

Ferrous scrap prices hammered in January on oversupply

By Sean Barry - January 16, 2019

Ferrous scrap prices faced heavy downside pressure in January amid a deluge of material generated by slack export trade over the past couple of months and clement weather in many parts of the country that helped keep scrap moving.