Average #2 Prepared Steel Price

180-day market: price lists from 8 yards. As of 2/17/2026.
$0.08/ lb -$0.45 (10.8%)
GT = Gross Ton (2240 lbs)
Avg: $0.08
Lowest price $0.08
Highest price$0.09Who pays the most? ⟶
How to read a yard's offer
  • Low (up to $0.08): Floor price, typically for small loads.
  • Mid ($0.08): A fair deal for standard quantities.
  • High ($0.09+): 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 $0.08 to $0.19.
Mar '25Jun '25Sep '25Dec '25Today
Market response to CME pricing
Spread vs. exchange (180-day avg): ~53.4% (-$0.10/lb). Typical spread for this grade: 23%–46%
⚠️ Local prices haven’t caught up with the exchange yet
Market snapshot
Stable market. Prices have held steady over the past 6 months.
Pricing verified from 8 live board rates today.

Top Scrap Yards Buying #2 Prepared Steel in New York

Check out the list below to find local buyers in New York taking #2 Prepared Steel. Ferrous market rates fluctuate frequently with the CME, so always call these yards ahead of time to confirm their sizing requirements and current pricing before you load up your trailer.

💼 Scrap yard owners: Post your buy prices and get more customers
By price
By date
Updated 32 days ago

Niagara Metals

Listed as: Short Steel / Heavy Melt / Cast Iron
766 New Babcock St #2202 Get Directions
$0.09 / lb
Updated 32 days ago

Skyway Auto Parts Inc

Listed as: Short Steel/Prepared HMS
637 Tifft St Get Directions
$0.09 / lb
Updated 32 days ago

Metalico South Park

Listed as: Short Steel/Prepared HMS
637 Tifft St Get Directions
$0.09 / lb
Updated 92 days ago

Niagara Metals

Listed as: Short Steel / Heavy Melt / Cast Iron
761 Hertel Ave Get Directions
$0.08 / lb
Updated 92 days ago

Niagara Metals

Listed as: Short Steel / Heavy Melt / Cast Iron
4861 Packard Rd Get Directions
$0.08 / lb
Updated 92 days ago

Niagara Metals

Listed as: Short Steel / Heavy Melt / Cast Iron
3035 Union Rd Get Directions
$0.08 / lb

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Compare #2 Prepared Steel Prices vs. Other Ferrous Grades

The #1 rule at scrap yards: if you mix grades, they’ll weigh everything at the lowest rate. See the price gap below — if you have higher-value metal, always sort and weigh each grade separately to avoid leaving money on the table.

Plate & Structural Steel (P&S) Estimated U.S. prices
Avg price:$0.13 / lb
Trend (30d): +0.7%
Price analytics
Automotive Cast Iron (Rotors/Drums) Based on 10 scrap yards
Avg price:$0.10 / lb
Trend (6m): -9.1%
Price analytics
#1 Prepared Steel (HMS) Based on 1 scrap yards
Avg price:$0.10 / lb
Trend (30d): 0.0%
Price analytics
Cast Iron (Heavy) Based on 2 scrap yards
Avg price:$0.09 / lb
Trend (30d): 0.0%
Price analytics
Unprepared Steel (Torch & Shear) Based on 4 scrap yards
Avg price:$0.08 / lb
Trend (30d): 0.0%
Price analytics
Light Iron & Shredder Based on 10 scrap yards
Avg price:$0.07 / lb
Trend (6m): -15.0%
Price analytics
Tin (Sheet Metal) Based on 1 scrap yards
Avg price:$0.06 / lb
Trend (30d): 0.0%
Price analytics
Steel Turnings Estimated U.S. prices
Avg price:$0.05 / lb
Trend (6m): -19.4%
Price analytics

Historical Price Trends for #2 Prepared Steel

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.

#2 Prepared Steel: Scrap Yard Price vs. World Market (CME)

Avg scrap yard price

$0.08
Scrap metal dealers
Spread: -$0.10/lb
vs. exchange

World market price (CME)

$0.1796
✓ 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.

#2 Prepared Steel: Spread vs. Exchange — Monthly History

Analyst take: This month’s average spread between scrap yard prices and the world market for #2 Prepared Steel is 53.4%. That’s in line with the typical range for this grade (50%–56%). Local yards are offering fair market rates. Check offers in your area ↑
PeriodWorld price (per lb)Scrap yard price (per lb)Spread vs. exchange
March 2026 (current)$0.174571$0.10-$0.08 (45.3%)
February 2026$0.169679$0.10-$0.07 (42.7%)
January 2026$0.169184$0.10-$0.07 (41.3%)
December 2025$0.165335$0.09-$0.08 (45.4%)
November 2025$0.162647$0.10-$0.06 (38.5%)
October 2025$0.158761$0.10-$0.06 (38.6%)
September 2025$0.15567$0.09-$0.07 (42.2%)
August 2025$0.158816$0.12-$0.04 (23.6%)
July 2025$0.159239$0.09-$0.07 (41.3%)
June 2025$0.155033$0.09-$0.07 (41.9%)
May 2025$0.157923$0.09-$0.07 (43%)
April 2025$0.161157$0.10-$0.07 (40.4%)
March 2025$0.169235$0.10-$0.07 (39.4%)
February 2025$0.166$0.10-$0.07 (39.8%)
January 2025$0.158671$0.09-$0.07 (42.9%)
December 2024$0.159039$0.09-$0.07 (42.8%)
November 2024$0.165953$0.10-$0.07 (39.9%)
October 2024$0.173261$0.10-$0.07 (40.4%)
September 2024$0.16823$0.10-$0.07 (40.4%)
August 2024$0.166132$0.10-$0.07 (41%)
July 2024$0.174761$0.11-$0.07 (39.3%)
June 2024$0.173733$0.10-$0.08 (44.2%)
May 2024$0.174594$0.10-$0.07 (40.9%)
April 2024$0.174133$0.11-$0.07 (39.7%)
March 2024$0.174719$0.10-$0.07 (40.4%)
February 2024$0.183579$0.11-$0.08 (42.7%)
January 2024$0.185484$0.11-$0.08 (40.7%)
December 2023$0.189755$0.11-$0.08 (42%)
November 2023$0.18284$0.11-$0.08 (41.5%)
October 2023$0.168132$0.10-$0.07 (40.1%)
September 2023$0.171903$0.10-$0.08 (44.2%)
August 2023$0.169355$0.10-$0.07 (41%)
July 2023$0.167445$0.10-$0.07 (40.3%)
June 2023$0.171827$0.10-$0.07 (41%)
May 2023$0.168968$0.10-$0.07 (39.5%)
April 2023$0.187047$0.11-$0.07 (39.8%)
March 2023$0.203358$0.12-$0.08 (38.8%)
February 2023$0.200689$0.12-$0.08 (39.1%)
January 2023$0.188281$0.11-$0.08 (42.8%)
December 2022$0.175474$0.11-$0.07 (39.9%)
November 2022$0.15927$0.09-$0.06 (40.8%)
October 2022$0.161587$0.10-$0.06 (39.5%)
September 2022$0.162657$0.10-$0.07 (41.2%)
August 2022$0.17361$0.10-$0.07 (39.8%)
July 2022$0.169839$0.10-$0.07 (42.8%)
June 2022$0.173823$0.10-$0.07 (40.4%)
May 2022$0.217184$0.13-$0.09 (40%)
April 2022$0.271843$0.16-$0.11 (39.9%)
March 2022$0.293526$0.17-$0.12 (40.4%)
February 2022$0.229654$0.14-$0.09 (39.7%)
January 2022$0.212861$0.12-$0.09 (42.7%)
December 2021$0.203377$0.12-$0.08 (40.4%)
November 2021$0.211507$0.13-$0.08 (39.6%)
October 2021$0.220087$0.13-$0.09 (39.9%)
September 2021$0.20218$0.12-$0.08 (40.6%)
August 2021$0.212068$0.13-$0.09 (40.7%)
July 2021$0.226971$0.13-$0.10 (41.9%)
June 2021$0.23039$0.14-$0.09 (39.5%)
May 2021$0.234461$0.14-$0.09 (39.9%)
April 2021$0.213893$0.13-$0.08 (39.2%)
March 2021$0.210168$0.13-$0.08 (40.1%)
February 2021$0.201529$0.12-$0.08 (40.5%)
January 2021$0.18881$0.11-$0.08 (39.9%)
December 2020$0.197974$0.12-$0.08 (40.2%)
November 2020$0.15506$0.09-$0.06 (40%)
October 2020$0.132848$0.08-$0.06 (41.7%)
September 2020$0.135103$0.08-$0.06 (42.8%)
August 2020$0.129755$0.07-$0.05 (42.3%)
July 2020$0.121603$0.07-$0.05 (40.3%)
June 2020$0.1198$0.07-$0.05 (41.6%)
May 2020$0.120335$0.07-$0.05 (41.8%)
April 2020$0.119887$0.07-$0.05 (41.6%)
March 2020$0.120871$0.07-$0.05 (39.2%)
February 2020$0.124241$0.08-$0.05 (38.7%)
January 2020$0.126948$0.08-$0.05 (37.7%)
December 2019$0.129165$0.08-$0.05 (39.1%)
November 2019$0.118509$0.07-$0.05 (41.7%)

#2 Prepared Steel 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.

DateAvg price (per lb)ChangeRange (Low/High)
2/17/2026$0.09 / lb+$0.01$0.09 - $0.09
1/1/2026$0.08 / lb— no change$0.08 - $0.08
12/19/2025$0.08 / lb-$0.01$0.08 - $0.08
9/9/2025$0.09 / lb-$0.10$0.09 - $0.09
8/24/2025$0.19 / lb+$0.11$0.19 - $0.19
7/14/2025$0.08 / lb— no change$0.08 - $0.08
5/16/2025$0.08 / lb-$0.03$0.08 - $0.08
3/21/2025$0.11 / lb+$0.01$0.11 - $0.11
2/13/2025$0.10 / lb— no change$0.10 - $0.10
2/6/2025$0.10 / lb+$0.02$0.10 - $0.10
1/15/2025$0.08 / lb— no change$0.08 - $0.08
12/14/2024$0.08 / lb— no change$0.08 - $0.08
12/13/2024$0.08 / lb-$0.01$0.08 - $0.08
8/6/2024$0.09 / lb— no change$0.09 - $0.09
6/18/2024$0.09 / lb— no change$0.09 - $0.09
6/13/2024$0.09 / lb-$0.01$0.09 - $0.09
2/29/2024$0.10 / lb— no change$0.10 - $0.10
2/27/2024$0.10 / lb— no change$0.10 - $0.10
2/23/2024$0.10 / lb+$0.01$0.10 - $0.10
12/4/2023$0.09 / lb— no change$0.09 - $0.09
9/27/2023$0.09 / lb— no change$0.09 - $0.09
9/23/2023$0.09 / lb-$0.01$0.09 - $0.09
6/5/2023$0.10 / lb— no change$0.10 - $0.10
6/2/2023$0.10 / lb-$0.01$0.10 - $0.10
5/6/2023$0.11 / lb-$0.02$0.11 - $0.11
3/30/2023$0.13 / lb+$0.03$0.13 - $0.13
1/30/2023$0.10 / lb+$0.02$0.10 - $0.10
10/2/2022$0.08 / lb— no change$0.08 - $0.08
7/28/2022$0.08 / lb-$0.01$0.08 - $0.08
6/29/2022$0.09 / lb-$0.01$0.09 - $0.09
1/25/2022$0.10 / lb-$0.01$0.10 - $0.10
8/2/2021$0.11 / lb— no change$0.11 - $0.11
1/18/2021$0.11 / lb+$0.04$0.11 - $0.11
10/20/2020$0.07 / lb— no change$0.07 - $0.07
9/25/2020$0.07 / lb+$0.01$0.07 - $0.07
8/8/2020$0.06 / lb— no change$0.06 - $0.06

The Daily Grind: Cashing In On #2 Prepared Steel

If you're hauling old car frames, thin-wall pipe, or lighter agricultural equipment, you are likely dealing with #2 Prepared Steel. This grade is the backbone of the everyday scrapper's ferrous load—thinner than premium #1 iron, but much better quality than standard shred. Currently, our data shows national average payouts sitting around $0.11 per pound. Depending on domestic demand and export markets, yards are offering anywhere from $0.10 up to $0.13 for well-prepared loads. Because ferrous pricing is heavily tied to the CME, you can expect buyers in New York to price their #2 Prepared roughly 53.4% below the spot market to account for their freight and handling costs.

Don't Get Docked: Sizing and Sorting Your Iron

Scale masters have no patience for messy loads. The quickest way to ruin a good ticket is by throwing your cut steel in the same pile as dirty sheet iron or galvanized fencing. If you mix your clean #2 Prepared Steel with lower-grade material like Wire Fence, the yard will downgrade your entire flatbed, costing you roughly $0.07 per pound in an instant. Keep your structural scrap strictly separated from your light iron.

Yard Pro Tip: The difference between '#2 Prepared' and 'Unprepared' steel is all in your tape measure. Most yards require #2 Prepared Steel to be cut down to specific dimensions—typically under 3 feet long and 18 inches wide (often called 3x1.5). If you roll across the scale with a 10-foot stick of perfectly good pipe, they will automatically downgrade you to the cheaper 'Unprepared' rate because they have to pay a guy to torch or shear it down to foundry size. Make the cuts yourself before you leave your shop and pocket that margin.

Know Your Heavy Ferrous Grades

Sorting your steel by thickness and material type is crucial. Here is how #2 Prepared stacks up against the heavier stuff.

GradeWhat It IsNational Range
#2 Prepared SteelSteel under 1/4-inch thick, cut to yard dimensions (usually 3ft or under).$0.10 - $0.13/lb
#1 Prepared Steel (HMS)Heavy Melting Steel: 1/4-inch thick or more, cut to size.$0.07 to $0.15/lb
Automotive Cast Iron (Rotors/Drums)Clean cast iron brake rotors and drums, no pads attached.$0.11 to $0.16/lb
Cast Iron (Heavy)Engine blocks, industrial castings, thick cast pipes.$0.09 to $0.20/lb

Frequently Asked Questions

What makes steel '#2' instead of '#1'?

It's all about the thickness. #1 Prepared Steel must be at least 1/4-inch thick. If the steel is thinner than a standard pencil (under 1/4-inch) but thicker than flimsy sheet metal, it falls into the #2 Prepared category. It still needs to be free of non-metallics and excessive rust.

How much should I expect to get paid for #2 Prepared Steel today?

Nationwide, yards are paying an average of $0.11 per pound. However, local prices New York will vary based on proximity to steel mills, port access, and the current CME commodities market. Generally, rates hover around 53.4% below the spot price.

Can I leave attachments on my #2 Prepared scrap?

No. 'Prepared' means it is ready for the furnace. You must remove any rubber, plastic, wood, or excessive dirt. If a yard inspector spots heavy non-metallic contamination, they will either take a hefty weight deduction off your ticket or downgrade the whole load to a lower shred price.