Continuing Iron Age's Century-Long Tradition

Detroit scrap metal prices

June 24, 2019

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.  To see a sample price sheet, download a sample issue below or take out a free trial to experience scrappricebulletin.com.

Detroit
Prices as of April 16, 2018
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 219.00 220.00
No. 1 dealer bundles 229.00 230.00
No. 1 busheling 277.00 278.00
Shredded scrap 272.00 273.00
Plate and structurals, 5 ft. and under 255.00 256.00
Machine shop turnings 159.00 160.00
Shoveling turnings 159.00 160.00
Cast iron borings 209.00 210.00
Cupola cast 254.00 255.00
Automobile cast 254.00 255.00
Stainless (processor/brokers' buying prices)
18-8 bundles and solids 1,450.00 1,475.00
18-8 turnings 1,350.00 1,375.00
430 bundles and solids 430.00 450.00

Market Reports

Markets in Detroit, Ontario continue to fall

By Bill Beck - June 11, 2019

The relentless downward pressure on ferrous scrap markets has pushed prices in Detroit and nearby Hamilton down $70 to $80 in just the past two months. A market that appeared at Memorial Day to be sideways to maybe even up a little bit quickly deteriorated in the last week of May and into the first week of June. When settlement was finally reached in the middle of last week, prices were off $30 across the board in Detroit, and $37 net ton CDN in nearby Ontario.