Continuing Iron Age's Century-Long Tradition

Cleveland scrap metal prices

October 15, 2018

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 melting, no. 2 heavy melting, no. 1 busheling, no. 1 dealer bundles, no. 2 bundles, shredded scrap, machine shop turnings, shoveling turnings, cast iron borings, plate and structural scrap (2 ft. and under and 5 ft. and under), punchings and plate, foundry steel (2 ft. and under), rail scrap (2 ft. and under and 18 in. and under), no. 1 RR heavy melting, drop broken machinery cast (2 ft. and under), no. 1 machinery cast and mixed cast.  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 scrappricebulletin.com.

Cleveland
Prices as of August 14, 2017
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 274.00 275.00
No. 2 hvy. melting 264.00 265.00
No. 1 dealer bundles 329.00 330.00
No. 2 bundles 154.00 155.00
No. 1 busheling 334.00 335.00
Shredded scrap 289.00 290.00
Machine shop turnings 132.00 133.00
Shoveling turnings 132.00 133.00
Cast iron borings 132.00 133.00
Plate and structurals, 5 ft. and under 294.00 295.00
Plate and structurals, 2 ft. and under 314.00 315.00
Punchings and plate 519.00 520.00
Foundry steel, 2 ft. and under 249.00 250.00
No. 1 RR hvy. melting 309.00 310.00
Rails, 2 ft. and under 384.00 385.00
Rails, 18 in. and under 409.00 410.00
Drop broken machinery cast, 2 ft. and under 294.00 295.00
No. 1 machinery cast 304.00 305.00
Mixed cast 299.00 300.00
Stainless (dealers' buying prices)
18-8 bundles and solids 875.00 900.00
18-8 turnings 775.00 800.00
430 bundles and solids 225.00 250.00

Market Reports

Prices in the Ohio Valley rebound in October on robust demand

By Sean Barry - October 10, 2018

Ferrous scrap prices in the Ohio Valley reversed a downward trend over the previous two months to post gains of $10 for cut grades and shredded material and a $20 rise for primes amid solid demand.