Continuing Iron Age's Century-Long Tradition

Cleveland scrap metal prices

November 11, 2019

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 meltingno. 1 busheling, no. 1 dealer bundles, shredded scrap, machine shop turnings, plate and structural scrap (2 ft. and under and 5 ft. and under), punchings and plate. 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 September 4, 2018
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 309.00 310.00
No. 2 hvy. melting 299.00 300.00
No. 1 dealer bundles 339.00 340.00
No. 2 bundles 179.00 180.00
No. 1 busheling 344.00 345.00
Shredded scrap 334.00 335.00
Machine shop turnings 146.00 147.00
Shoveling turnings 146.00 147.00
Cast iron borings 146.00 147.00
Plate and structurals, 5 ft. and under 329.00 330.00
Plate and structurals, 2 ft. and under 344.00 345.00
Punchings and plate 569.00 570.00
Foundry steel, 2 ft. and under 289.00 290.00
No. 1 RR hvy. melting 349.00 350.00
Rails, 2 ft. and under 424.00 425.00
Rails, 18 in. and under 449.00 450.00
Drop broken machinery cast, 2 ft. and under 329.00 330.00
No. 1 machinery cast 339.00 340.00
Mixed cast 334.00 335.00
Stainless (dealers' buying prices)
18-8 bundles and solids 1,050.00 1,075.00
18-8 turnings 950.00 975.00
430 bundles and solids 350.00 375.00

Market Reports

Tighter supply pushes ferrous scrap up $20 in Nov

By Sean Barry - November 11, 2019

North American ferrous scrap prices rebounded in November as diminished supply following sharp price drops over the past two months drove numbers $20 per gross ton higher across the board in most regions.