Continuing Iron Age's Century-Long Tradition

Cleveland scrap metal prices

January 13, 2020

Cleveland’s ferrous scrap market is primarily broker buying centered, while its stainless scrap pricing is determined by dealers’ buying prices.  Major contributing mills in the Cleveland region are Timken, Elwood, Koppel, Standard Steel, Steelton, AK Butler and V&M Star.  Prices in this region are heavily dependent on the changing demands of the ferrous export market, combined with mill demand and domestic scrap supply. Scrap Price Bulletin’s coverage of the Cleveland 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 meltingno. 1 busheling, no. 1 dealer bundles, shredded scrap, machine shop turnings, plate and structural scrap (2 ft. and under and 5 ft. and under), punchings and plate. Stainless scrap price assessments are given for 18-8 bundles and solids, 18-8 turnings and 430 bundles and solids.

In addition to Cleveland, 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

Prices as of November 5, 2018
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 299.00 300.00
No. 2 hvy. melting 289.00 290.00
No. 1 dealer bundles 339.00 340.00
No. 2 bundles 169.00 170.00
No. 1 busheling 344.00 345.00
Shredded scrap 324.00 325.00
Machine shop turnings 131.00 132.00
Shoveling turnings 131.00 132.00
Cast iron borings 131.00 132.00
Plate and structurals, 5 ft. and under 319.00 320.00
Plate and structurals, 2 ft. and under 334.00 335.00
Punchings and plate 564.00 565.00
Foundry steel, 2 ft. and under 279.00 280.00
No. 1 RR hvy. melting 339.00 340.00
Rails, 2 ft. and under 414.00 415.00
Rails, 18 in. and under 439.00 440.00
Drop broken machinery cast, 2 ft. and under 319.00 320.00
No. 1 machinery cast 329.00 330.00
Mixed cast 324.00 325.00
Stainless (dealers' buying prices)
18-8 bundles and solids 750.00 775.00
18-8 turnings 650.00 675.00
430 bundles and solids 275.00 300.00

Market Reports

Strong demand and tight supply boosts ferrous scrap again in Jan

By Sean Barry - January 13, 2020

The North American ferrous market started the New Year with a bang as prices rose $30 per gross ton across the board in nearly all areas of the country amid strong buying activity by domestic steel mills and inventories remained under pressure.