Steel is the widley used in automotive production. Steel from the production of an automobile is typically sold back to the local steel mill as scrap metal. This prime grade of scrap metal is typically referred to as No. 1 bundles. Because steel is one of the most recycled materials on the planet, vehicles are recycled at the end of their lifespan. Almost everything on a car can be recycled. Fastmarkets SPB lists multiple grades of ferrous scrap that are important to recycling cars including: automobile cast, cast scrap, steel car wheels, unstripped motor blocks, cupola cast and shredded automobiles scrap.
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About our prices
Fastmarkets SPB, often referred to as Iron Age, has been covering the steel and iron scrap markets for more than 160 years and is the weekly source of ferrous scrap metal pricing. Covering 18 markets in the US and Canada, Fastmarkets SPB provides a credible benchmark for use in negotiating contracts, price modeling, analyzing market conditions and developing strategies for any business reliant on the ferrous scrap markets. In addition to our regionally assessed prices for steel and iron scrap, Fastmarkets SPB provides alternative iron pricing, regional production data for the steel industry and monthly outlook information on the availability and future price trends of ferrous scrap.
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