Continuing Iron Age's Century-Long Tradition

Detroit scrap metal prices

October 15, 2018

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, shoveling turnings, cast iron borings, cupola cast, and automobile cast.

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

Prices as of August 14, 2017
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 154.00 155.00
No. 1 dealer bundles 229.00 230.00
No. 1 busheling 277.00 278.00
Shredded scrap 207.00 208.00
Plate and structurals, 5 ft. and under 190.00 191.00
Machine shop turnings 144.00 145.00
Shoveling turnings 144.00 145.00
Cast iron borings 169.00 170.00
Cupola cast 194.00 195.00
Automobile cast 194.00 195.00
Stainless (processor/brokers' buying prices)
18-8 bundles and solids 1,050.00 1,075.00
18-8 turnings 950.00 975.00
430 bundles and solids 245.00 265.00

Market Reports

Detroit up $20 on prime grades, $10 on cut grades

By Bill Beck - October 10, 2018

After dropping $20 across the board in September, prime grades came back strong in October, regaining all of the $20 they lost last month. Cut grades regained half of the $20 they lost in the September market. Still, cut grades are off $30 from August numbers, and many in the Motor City think more ground will be made up next month.