Continuing Iron Age's Century-Long Tradition

Cleveland scrap metal prices

May 20, 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 March 12, 2018
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 324.00 325.00
No. 2 hvy. melting 314.00 315.00
No. 1 dealer bundles 319.00 320.00
No. 2 bundles 194.00 195.00
No. 1 busheling 324.00 325.00
Shredded scrap 349.00 350.00
Machine shop turnings 172.00 173.00
Shoveling turnings 172.00 173.00
Cast iron borings 172.00 173.00
Plate and structurals, 5 ft. and under 344.00 345.00
Plate and structurals, 2 ft. and under 364.00 365.00
Punchings and plate 569.00 570.00
Foundry steel, 2 ft. and under 299.00 300.00
No. 1 RR hvy. melting 359.00 360.00
Rails, 2 ft. and under 434.00 435.00
Rails, 18 in. and under 459.00 460.00
Drop broken machinery cast, 2 ft. and under 344.00 345.00
No. 1 machinery cast 354.00 355.00
Mixed cast 349.00 350.00
Stainless (dealers' buying prices)
18-8 bundles and solids 1,075.00 1,100.00
18-8 turnings 975.00 1,000.00
430 bundles and solids 275.00 300.00

Market Reports

Scrap prices continue to book losses in May on supply glut

By Sean Barry - May 10, 2019

The ferrous scrap market in the United States logged further losses in May as mills pared back buy programs due to numerous maintenance outages and scrap flows continued to surge amid slack export trade and a booming industrial sector.