Continuing Iron Age's Century-Long Tradition

Cleveland scrap metal prices

July 15, 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 May 7, 2018
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 339.00 340.00
No. 2 hvy. melting 329.00 330.00
No. 1 dealer bundles 329.00 330.00
No. 2 bundles 209.00 210.00
No. 1 busheling 334.00 335.00
Shredded scrap 364.00 365.00
Machine shop turnings 181.00 182.00
Shoveling turnings 181.00 182.00
Cast iron borings 181.00 182.00
Plate and structurals, 5 ft. and under 359.00 360.00
Plate and structurals, 2 ft. and under 374.00 375.00
Punchings and plate 589.00 590.00
Foundry steel, 2 ft. and under 309.00 310.00
No. 1 RR hvy. melting 369.00 370.00
Rails, 2 ft. and under 444.00 445.00
Rails, 18 in. and under 469.00 470.00
Drop broken machinery cast, 2 ft. and under 354.00 355.00
No. 1 machinery cast 364.00 365.00
Mixed cast 359.00 360.00
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

Detroit, Ohio, Hamilton Down, But Market At Bottom?

By Bill Beck - July 11, 2019

After dropping $70 in May and June, ferrous scrap prices in Detroit and Hamilton slowed their downward momentum in July. Two days before the industry in the United States took its extended July 4th holiday, a consortium of Detroit mills announced it would buy scrap at a $10 discount to June numbers. Canadian mills, which had celebrated their three-day Canada Day holiday earlier in the week, waited until late this past Monday to bring prices off $18 Cdn for prime grades and $15 Cdn for cut grades for the month.