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Philadelphia scrap metal prices

December 10, 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 scrappricebulletin.com.

Philadelphia
Prices as of October 9, 2017
Low High
No. 1 hvy. melting to domestic consumers 262.00 265.00
No. 1 dealer bundles 347.00 350.00
No. 1 busheling (mill) 347.00 350.00
No. 1 foundry busheling 447.00 450.00
Shredded scrap 285.00 288.00
Machine shop turnings 217.00 220.00
Plate and structurals, 5 ft. and under 272.00 275.00
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

Philadelphia market retreats in December

By Bill Beck - December 12, 2018

After going up $40 through October and November, cut grades in the Philadelphia market dropped off $10 in December as sales slowed at nearby export yards.