Continuing Iron Age's Century-Long Tradition

Chicago scrap metal prices

December 10, 2018

Chicago has been a major player in the iron and steel industry since prior to the Civil War. Through the years it has been a leader through the rise and fall of the metals industry and still is a highly watched market today to predict new trends.

Pricing in Chicago is assessed as a delivered to consumer market for 21 steel and iron scrap grades and 3 grades of stainless steel with historical prices online dating back to 1995.

Scrap Price Bulletin offers pricing and trends on the following metals in the Chicago market: no. 1 heavy melting, no. 2 heavy melting, no. 1 dealer bundles, no. 2 bundles, no. 1 busheling, shredded scrap, machine shop turnings, cast iron borings, cast iron borings (foundry), plate and structurals 5 ft. and under, plate and structurals low alloy 2 ft. and under, low-residual black foundry busheling, low-residual ductile-quality shredded clips, low-alloy punchings, scrap rails random length (del to dealers yards), reroller rails, rails 2 ft. and under, no. 1 machinery cast, clean auto cast, cupola cast, stove plate, steel car wheels, 18-8 bundles and solids, 18-8 turnings, and 430 bundles and solids

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.

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Prices as of October 9, 2017
Low High
No. 1 hvy. melting 257.00 258.00
No. 1 dealer bundles 332.00 333.00
No. 2 bundles 257.00 258.00
No. 1 busheling 332.00 333.00
Shredded scrap 262.00 263.00
Machine shop turnings 164.00 165.00
Cast iron borings 139.00 140.00
Cast iron borings, foundry 174.00 175.00
Plate and structurals, 5 ft. and under 274.00 275.00
Plate and structurals, low alloy, 2 ft. and under 374.00 375.00
Low-residual, black foundry busheling 466.00 467.00
Low-residual, ductile-quality shredded clips 466.00 467.00
Low-alloy punchings 496.00 497.00
Scrap rails, random length (del to dealers yards) 299.00 300.00
Reroller rails 279.00 280.00
Rails, 2 ft. and under 399.00 400.00
No. 1 machinery cast 399.00 400.00
Clean auto cast 399.00 400.00
Cupola cast 329.00 330.00
Stove plate 349.00 350.00
Steel car wheels 314.00 315.00
Stainless (brokers' buying prices)
18-8 bundles and solids 1,100.00 1,150.00
18-8 turnings 1,000.00 1,050.00
430 bundles and solids 185.00 200.00

Market Reports

Chicago solid sideways in December

By Bill Beck - December 12, 2018

After two straight months of sharp gains, Chicago settled at sideways across the board in December. Some in the market had hoped for a third straight month of gains, but when Detroit mills came out at sideways numbers early in the first week of the month, Chicago followed suit within days.