Continuing Iron Age's Century-Long Tradition

Detroit scrap metal prices

May 16, 2022

Detroit, Michigan is a broker buying market central to the United States steel manufacturing market.  

Scrap Price Bulletin produces steel and iron prices for no. 1 heavy melting, no. 1 dealer bundles, no. 1 busheling, shredded scrap, plate and structural, 5 ft. and under, machine shop turnings and cast iron borings.

Our reporters assess pricing in 18 major markets in the North American ferrous scrap markets each week, talking to a broad sample of market participants involved in the buying and selling of steel and iron scrap. In addition to material pricing, Scrap Price Bulletin publishes regional market reports each month for Detroit that detail specific transactions and viewpoints in each region. Detroit’s market report and pricing are reported and updated consistently and with the latest data and pricing information each week.

Geographically nearby, Chicago, Cleveland and Hamilton, Ontario are also covered in depth by Scrap Price Bulletin’s reporters for pricing and regional market reports, giving you a complete view of the US Northern Midwest and Canadian scrap markets as they often relate to each other.

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.  Subscribe to Fastmarkets SPB today to get access to our regional scrap prices.

Detroit
Prices as of March 15, 2021
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Market Reports

Primes skyrocket in price, cut grades not far behind in March trading

By Bill Beck - March 14, 2022

The March ferrous scrap settlement turned out to be the most volatile since the Great Recession of 2009-2010. Mills emerged from meteorological winter in North America hungry for scrap at a time when fighting in Ukraine boosted demand from buyers on the neighboring Black Sea in Turkey and shut off the flow of pig iron altogether.