Continuing Iron Age's Century-Long Tradition

Detroit scrap metal prices

September 16, 2019

Detroit, Michigan is a broker buying market central to the United States steel manufacturing market.  

Scrap Price Bulletin produces steel and iron prices for no. 1 heavy melting, no. 1 dealer bundles, no. 1 busheling, shredded scrap, plate and structural, 5 ft. and under, machine shop turnings and cast iron borings.

Our reporters assess pricing in 18 major markets in the North American ferrous scrap markets each week, talking to a broad sample of market participants involved in the buying and selling of steel and iron scrap. In addition to material pricing, Scrap Price Bulletin publishes regional market reports each month for Detroit that detail specific transactions and viewpoints in each region. Detroit’s market report and pricing are reported and updated consistently and with the latest data and pricing information each week.

Geographically nearby, Chicago, Cleveland and Hamilton, Ontario are also covered in depth by Scrap Price Bulletin’s reporters for pricing and regional market reports, giving you a complete view of the US Northern Midwest and Canadian scrap markets as they often relate to each other.

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.

Detroit
Prices as of July 9, 2018
Brokers' buying prices per gross ton on cars Low High
No. 1 hvy. melting 209.00 210.00
No. 1 dealer bundles 249.00 250.00
No. 1 busheling 297.00 298.00
Shredded scrap 262.00 263.00
Plate and structurals, 5 ft. and under 245.00 246.00
Machine shop turnings 149.00 150.00
Shoveling turnings 149.00 150.00
Cast iron borings 199.00 200.00
Cupola cast 254.00 255.00
Automobile cast 254.00 255.00
Stainless (processor/brokers' buying prices)
18-8 bundles and solids 1,450.00 1,475.00
18-8 turnings 1,350.00 1,375.00
430 bundles and solids 430.00 450.00

Market Reports

Detroit, Ontario markets down sharply in September

By Bill Beck - September 10, 2019

What appeared two weeks ago to be a $20 correction back to July price levels turned into a more pronounced drop in the week after Labor Day. Detroit mills quickly settled late in the week at down $40 on prime grades and off $30 on cut grades. Ontario markets followed early in September’s second week with a similar sharp drop.