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Philadelphia scrap metal prices

October 15, 2018
Philadelphia is a broker buying market serving the mid-atlantic region of the United States. Philadelphia is also a major scrap exporter for the east coast market along with New York, Boston, and Providence, Rhode Island. During the winter months, Philadelphia is greatly affected by the harsh winter weather conditions, resulting in downtime with the local metals businesses. In turn, winter outages can severely hinder not only the domestic scrap business but the global export market as well.
Scrap Price Bulletin covers fourteen different steel and iron prices for the Philadelphia market including no.1 machinery cast, heavy breakable cast, cupola cast, other track material (OTM), rails, 2 ft. and under, plate and structurals, 5 ft. and under, machine shop turnings, shredded scrap, no. 1 foundry busheling, no. 1 dealer bundles, no. 1 busheling (mill) and no. 1 heavy melting to domestic consumers
Scrap Price Bulletin subscribers can read the monthly market report assessing the major price changes and explanations surrounding price movements in Philadelphia. Market reports are also published for the other 17 cities in Scrap Price Bulletin’s coverage. 

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
Low High
No. 1 hvy. melting to domestic consumers 282.00 285.00
No. 1 dealer bundles 387.00 390.00
No. 1 busheling (mill) 387.00 390.00
No. 1 foundry busheling 447.00 450.00
Shredded scrap 312.00 315.00
Machine shop turnings 247.00 250.00
Plate and structurals, 5 ft. and under 297.00 300.00
Plate and structurals, 2 ft. and under 382.00 385.00
Rails, 2 ft. and under 382.00 385.00
Other Track Material(OTM) 382.00 385.00
Cupola cast 257.00 260.00
Heavy breakable cast 207.00 210.00
No. 1 machinery cast 277.00 280.00

Market Reports

General report for Philadelphia market

By Bill Beck - October 10, 2018

Philadelphia ferrous scrap prices are on a merry-go-round. In July, they were up $20 across the board. They dropped off that much in August and again in September, and in October they are back up $20 across the board. In essence, the market hasn’t gained or lost a nickel since the July 4th holiday.