SchrottCurrent #1 Prepared Steel (HMS) Scrap Prices in Michigan
Current national average pricing for #1 Prepared Steel (HMS) is $0.12 per pound. Find the most competitive local scrap yards in Michigan and compare today's heavy iron rates before hitting the scale.
Average #1 Prepared Steel (HMS) Price
$0.12/ lb
−$0.02 (14.3%)
GT = Gross Ton (2240 lbs)Avg: $0.12
Lowest price ⓘ$0.11
Highest price$0.13Who pays the most? ⟶
How to read scrap yard offers in Michigan
- Low (around $0.11): Floor price, typically for small loads.
- Mid ($0.12): A fair deal for standard quantities.
- High ($0.13+): Top-dollar rate. Offered for large commercial loads or by the most competitive buyers.
52-week price range
Over the past year, prices ranged from $0.09 to $0.15.
May '25Aug '25Nov '25Feb '26Today
Market response to CME pricing
Current spread vs. exchange (today): ~36.8% (-$0.07 / lb).
Typical spread for this grade: 21%–41%
✓ Scrap yards are offering fair market rates
Market snapshot
High volatility. Prices have been swinging over the past week.
Pricing verified from 2 live board rates in this area.
Pricing verified from 2 live board rates in this area.
Top Scrap Yards Buying #1 Prepared Steel in Michigan
Check out the list below to find local buyers in Michigan taking #1 Prepared Steel (HMS). Ferrous market rates fluctuate frequently with the CME, so always call these yards ahead of time to confirm their pricing and size requirements before you load up your flatbed.
Updated today
Benton Metal Recycling
Listed as: Busheling
$0.13 / lb
Updated yesterday
RJ Industrial Recycling
Listed as: Prepared Heavy Melt
$0.11 / lb
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🚀 List your scrap yard ⟶| Metal grade | Average price (per lb) |
|---|---|
| #1 Prepared Steel (HMS) | $0.12 / lb |
| Automotive Cast Iron (Rotors/Drums) | $0.17 / lb |
| Plate & Structural Steel (P&S) | $0.14 / lb |
| Light Iron & Shredder | $0.11 / lb |
| Unprepared Steel (Torch & Shear) | $0.11 / lb |
| #2 Prepared Steel | $0.10 / lb |
| Cast Iron (Heavy) | $0.10 / lb |
| Tin (Sheet Metal) | $0.08 / lb |
| Steel Turnings | $0.05 / lb |
| Wire Fence | $0.04 / lb |
| Rebar | $0.04 / lb |
Historical Price Trends for #1 Prepared Steel (HMS)
This chart shows where the market is headed. If the line is climbing, prices are rising — you might get a better deal in a few days. If it's dropping, don't wait: sell today before yards lower their buy prices further.
#1 Prepared Steel (HMS): Scrap Yard Price vs. World Market (CME)
Avg scrap yard price
$0.12
Scrap metal dealers
Price gap: −$0.07 / lb
vs. exchange
Today's world market price (CME)
$0.195 / lb
✓ For 99.9% pure refined metal
💡 Why is the scrap yard price lower than the exchange? The CME price is the global benchmark for 99.99% pure refined metal traded in large institutional contracts. The gap between CME and what you pocket is the yard's margin — it covers sorting, cleaning, transport to the mill, and protects them against sudden price drops.
#1 Prepared Steel (HMS): Spread vs. Exchange — Monthly History
Market read: This month's average gap between scrap yard prices and the world market for #1 Prepared Steel (HMS) is 38.2%. This falls within the range of monthly spreads we have on record for earlier periods in this table (21.4%–41.0%). That suggests broadly typical conditions between local buy prices and the exchange benchmark. Our data suggests local yards are still worth comparing before you sell. Check offers in your area ↑
| Period | World price (per lb) | Scrap yard price (per lb) | Spread vs. exchange |
|---|---|---|---|
| May 2026 (current) | $0.1943 / lb | $0.12 / lb | −$0.07 (38.2%) |
| April 2026 | $0.1872 / lb | $0.12 / lb | −$0.07 (35.9%) |
| March 2026 | $0.1774 / lb | $0.13 / lb | −$0.05 (26.7%) |
| February 2026 | $0.1697 / lb | $0.13 / lb | −$0.04 (23.4%) |
| January 2026 | $0.1692 / lb | $0.13 / lb | −$0.04 (23.2%) |
| December 2025 | $0.1653 / lb | $0.13 / lb | −$0.04 (21.4%) |
| November 2025 | $0.1626 / lb | $0.10 / lb | −$0.06 (38.5%) |
| October 2025 | $0.1588 / lb | $0.10 / lb | −$0.06 (37%) |
| September 2025 | $0.1557 / lb | $0.10 / lb | −$0.06 (35.8%) |
| August 2025 | $0.1588 / lb | $0.10 / lb | −$0.06 (37%) |
| July 2025 | $0.1592 / lb | $0.10 / lb | −$0.06 (37.2%) |
| June 2025 | $0.1550 / lb | $0.10 / lb | −$0.06 (35.5%) |
| May 2025 | $0.1579 / lb | $0.10 / lb | −$0.06 (36.7%) |
| April 2025 | $0.1612 / lb | $0.10 / lb | −$0.06 (38%) |
| March 2025 | $0.1692 / lb | $0.10 / lb | −$0.07 (40.9%) |
| February 2025 | $0.1660 / lb | $0.10 / lb | −$0.07 (39.8%) |
| January 2025 | $0.1587 / lb | $0.10 / lb | −$0.06 (37%) |
| December 2024 | $0.1590 / lb | $0.10 / lb | −$0.06 (37.1%) |
| November 2024 | $0.1660 / lb | $0.10 / lb | −$0.07 (39.8%) |
| October 2024 | $0.1733 / lb | $0.11 / lb | −$0.06 (36.5%) |
| September 2024 | $0.1682 / lb | $0.10 / lb | −$0.07 (40.5%) |
| August 2024 | $0.1661 / lb | $0.10 / lb | −$0.07 (39.8%) |
| July 2024 | $0.1748 / lb | $0.11 / lb | −$0.06 (37.1%) |
| June 2024 | $0.1737 / lb | $0.11 / lb | −$0.06 (36.7%) |
| May 2024 | $0.1746 / lb | $0.11 / lb | −$0.06 (37%) |
| April 2024 | $0.1741 / lb | $0.11 / lb | −$0.06 (36.8%) |
| March 2024 | $0.1747 / lb | $0.11 / lb | −$0.06 (37%) |
| February 2024 | $0.1836 / lb | $0.11 / lb | −$0.07 (40.1%) |
| January 2024 | $0.1855 / lb | $0.11 / lb | −$0.08 (40.7%) |
| December 2023 | $0.1898 / lb | $0.12 / lb | −$0.07 (36.8%) |
| November 2023 | $0.1828 / lb | $0.11 / lb | −$0.07 (39.8%) |
| October 2023 | $0.1681 / lb | $0.10 / lb | −$0.07 (40.5%) |
| September 2023 | $0.1719 / lb | $0.11 / lb | −$0.06 (36%) |
| August 2023 | $0.1694 / lb | $0.10 / lb | −$0.07 (41%) |
| July 2023 | $0.1674 / lb | $0.10 / lb | −$0.07 (40.3%) |
| June 2023 | $0.1718 / lb | $0.11 / lb | −$0.06 (36%) |
| May 2023 | $0.1690 / lb | $0.10 / lb | −$0.07 (40.8%) |
| April 2023 | $0.1870 / lb | $0.12 / lb | −$0.07 (35.8%) |
| March 2023 | $0.1990 / lb | $0.12 / lb | −$0.08 (39.7%) |
#1 Prepared Steel (HMS) Scrap Price History — Daily Data
A day-by-day market snapshot in exact numbers. Every day we aggregate buy prices from local scrap yards, recording the average, low, and high. Use this table to track real price movement over recent days.
| Date | Avg price (per lb) | Change | Range (Low/High) |
|---|---|---|---|
| $0.12 / lb | −$0.02 | $0.13 – $0.13 | |
| 5/5/2026 | $0.14 / lb | +$0.03 | $0.13 – $0.15 |
| 5/4/2026 | $0.11 / lb | −$0.02 | $0.11 – $0.11 |
| 5/3/2026 | $0.13 / lb | +$0.02 | $0.13 – $0.13 |
| 5/2/2026 | $0.11 / lb | — no change | $0.11 – $0.11 |
| 5/1/2026 | $0.11 / lb | — no change | $0.11 – $0.11 |
| 4/30/2026 | $0.11 / lb | −$0.02 | $0.11 – $0.11 |
| 4/28/2026 | $0.13 / lb | −$0.01 | $0.13 – $0.13 |
| 4/27/2026 | $0.14 / lb | +$0.03 | $0.13 – $0.15 |
| 4/26/2026 | $0.11 / lb | −$0.02 | $0.11 – $0.11 |
| 4/25/2026 | $0.13 / lb | +$0.02 | $0.13 – $0.13 |
| 4/24/2026 | $0.11 / lb | −$0.04 | $0.11 – $0.11 |
| 4/23/2026 | $0.15 / lb | +$0.01 | $0.15 – $0.15 |
| 4/22/2026 | $0.14 / lb | +$0.03 | $0.13 – $0.15 |
| 4/21/2026 | $0.11 / lb | −$0.02 | $0.11 – $0.11 |
| 4/19/2026 | $0.13 / lb | −$0.01 | $0.13 – $0.13 |
| 4/17/2026 | $0.14 / lb | +$0.03 | $0.13 – $0.15 |
| 4/16/2026 | $0.11 / lb | −$0.02 | $0.11 – $0.11 |
| 4/15/2026 | $0.13 / lb | −$0.01 | $0.13 – $0.13 |
| 4/14/2026 | $0.14 / lb | −$0.01 | $0.13 – $0.15 |
| 4/13/2026 | $0.15 / lb | +$0.04 | $0.15 – $0.15 |
| 4/12/2026 | $0.11 / lb | −$0.02 | $0.11 – $0.11 |
| 4/11/2026 | $0.13 / lb | +$0.02 | $0.13 – $0.13 |
| 4/10/2026 | $0.11 / lb | — no change | $0.11 – $0.11 |
| 4/7/2026 | $0.11 / lb | — no change | $0.11 – $0.11 |
| 4/6/2026 | $0.11 / lb | −$0.02 | $0.11 – $0.11 |
| 4/5/2026 | $0.13 / lb | +$0.02 | $0.13 – $0.13 |
| 4/2/2026 | $0.11 / lb | −$0.02 | $0.11 – $0.11 |
| 4/1/2026 | $0.13 / lb | +$0.01 | $0.13 – $0.13 |
| 3/31/2026 | $0.12 / lb | −$0.01 | $0.12 – $0.12 |
| 3/30/2026 | $0.13 / lb | +$0.02 | $0.13 – $0.13 |
| 3/28/2026 | $0.11 / lb | −$0.02 | $0.11 – $0.11 |
| 3/26/2026 | $0.13 / lb | — no change | $0.13 – $0.13 |
| 3/25/2026 | $0.13 / lb | +$0.01 | $0.13 – $0.13 |
| 3/23/2026 | $0.12 / lb | — no change | $0.12 – $0.12 |
| 3/22/2026 | $0.12 / lb | −$0.03 | $0.12 – $0.12 |
| 3/13/2026 | $0.15 / lb | +$0.02 | $0.15 – $0.15 |
| 3/12/2026 | $0.13 / lb | −$0.02 | $0.13 – $0.13 |
| 3/10/2026 | $0.15 / lb | +$0.02 | $0.15 – $0.15 |
| 3/3/2026 | $0.13 / lb | −$0.02 | $0.13 – $0.13 |
| 3/2/2026 | $0.15 / lb | +$0.02 | $0.15 – $0.15 |
| 3/1/2026 | $0.13 / lb | −$0.02 | $0.13 – $0.13 |
| 2/28/2026 | $0.15 / lb | +$0.02 | $0.15 – $0.15 |
| 2/25/2026 | $0.13 / lb | −$0.02 | $0.13 – $0.13 |
| 2/24/2026 | $0.15 / lb | +$0.02 | $0.15 – $0.15 |
| 2/23/2026 | $0.13 / lb | −$0.02 | $0.13 – $0.13 |
| 2/20/2026 | $0.15 / lb | +$0.05 | $0.15 – $0.15 |
| 2/17/2026 | $0.10 / lb | −$0.02 | $0.10 – $0.10 |
| 2/13/2026 | $0.12 / lb | −$0.02 | $0.12 – $0.12 |
| 2/12/2026 | $0.14 / lb | +$0.02 | $0.14 – $0.14 |
| 2/9/2026 | $0.12 / lb | −$0.01 | $0.12 – $0.12 |
| 2/3/2026 | $0.13 / lb | +$0.01 | $0.13 – $0.13 |
| 1/30/2026 | $0.12 / lb | −$0.01 | $0.12 – $0.12 |
| 1/27/2026 | $0.13 / lb | +$0.01 | $0.13 – $0.13 |
| 1/20/2026 | $0.12 / lb | −$0.02 | $0.12 – $0.12 |
| 1/18/2026 | $0.14 / lb | +$0.02 | $0.14 – $0.14 |
| 1/13/2026 | $0.12 / lb | −$0.01 | $0.12 – $0.12 |
| 1/4/2026 | $0.13 / lb | +$0.01 | $0.13 – $0.13 |
| 1/2/2026 | $0.12 / lb | −$0.02 | $0.12 – $0.12 |
| 1/1/2026 | $0.14 / lb | +$0.02 | $0.14 – $0.14 |
| 12/30/2025 | $0.12 / lb | −$0.02 | $0.12 – $0.12 |
| 12/29/2025 | $0.14 / lb | +$0.02 | $0.14 – $0.14 |
| 12/25/2025 | $0.12 / lb | −$0.02 | $0.12 – $0.12 |
| 12/24/2025 | $0.14 / lb | +$0.02 | $0.14 – $0.14 |
| 12/22/2025 | $0.12 / lb | −$0.02 | $0.12 – $0.12 |
| 12/21/2025 | $0.14 / lb | +$0.02 | $0.14 – $0.14 |
| 12/19/2025 | $0.12 / lb | −$0.02 | $0.12 – $0.12 |
| 12/5/2025 | $0.14 / lb | +$0.05 | $0.13 – $0.14 |
| 10/13/2025 | $0.09 / lb | +$0.01 | $0.09 – $0.09 |
| 2/16/2025 | $0.08 / lb | −$0.03 | $0.08 – $0.08 |
| 2/6/2025 | $0.11 / lb | — no change | $0.11 – $0.11 |
#1 Prepared Steel (HMS) scrap prices in Michigan on the map
The map shows cities in Michigan with #1 Prepared Steel (HMS) scrap prices. Click a marker or pick a city in the list below to see #1 Prepared Steel (HMS) prices in that location.
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