Light Iron & Shredder Scrap Prices in Indiana
Current Light Iron & Shredder prices at scrap yards in Indiana. Compare local offers against the U.S. national average to get the most money for your scrap.
Average Light Iron & Shredder Price
The min/max range reflects a blended index (local + national data). Your local high may be lower.
- Low (up to $0.08): Floor price, typically for small loads.
- Mid ($0.11): A fair deal for standard quantities.
- High ($0.13+): Top-dollar rate. Offered for large commercial loads or by the most competitive buyers.
Pricing verified from 3 live board rates today.
Light Iron & Shredder price reference for Indiana
Scrap yards in Indiana don’t always update their prices in real time. To give you a reliable current value, we use the U.S. national average ($0.10/lb). The secondary metals market tracks exchange moves consistently across the country. Use this national figure as your benchmark when negotiating with local yards. Light Iron & Shredder prices across the U.S. →
Top Scrap Yards Buying Light Iron & Shredder in Indiana
These are scrap yards in Indiana that recently updated Light Iron & Shredder prices in our database. Call them to lock in a quote. If your city isn't listed, use the National Index above as a bargaining reference with your nearest buyer.
Summit Inc
JB's Salvage, Inc
Don’t see your scrap yard in Indiana? List it for free.
Hundreds of sellers in your area search for current scrap prices every day. Post your buy prices and start getting calls.
🚀 List your scrap yard ⟶Compare Light Iron vs. Heavier Steel 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.
Light Iron & Shredder Price Trends
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.
Light Iron & Shredder: Scrap Yard Price vs. World Market (CME)
Avg scrap yard price
World market price (CME)
Light Iron & Shredder: Spread vs. Exchange — Monthly History
| Period | World price (per lb) | Scrap yard price (per lb) | Spread vs. exchange |
|---|---|---|---|
| March 2026 (current) | $0.174571 | $0.11 | -$0.07 (38.6%) |
| February 2026 | $0.169679 | $0.11 | -$0.06 (35.6%) |
| January 2026 | $0.169184 | $0.10 | -$0.07 (40.3%) |
| December 2025 | $0.165335 | $0.10 | -$0.07 (41.1%) |
| November 2025 | $0.162647 | $0.10 | -$0.06 (38.5%) |
| October 2025 | $0.158761 | $0.10 | -$0.06 (37%) |
| September 2025 | $0.15567 | $0.10 | -$0.06 (38.8%) |
| August 2025 | $0.158816 | $0.10 | -$0.06 (37%) |
| July 2025 | $0.159239 | $0.10 | -$0.06 (37.2%) |
| June 2025 | $0.155033 | $0.09 | -$0.06 (40.4%) |
| May 2025 | $0.157923 | $0.10 | -$0.06 (37.5%) |
| April 2025 | $0.161157 | $0.10 | -$0.06 (37.9%) |
| March 2025 | $0.169235 | $0.10 | -$0.07 (39.8%) |
| February 2025 | $0.166 | $0.10 | -$0.07 (39.8%) |
| January 2025 | $0.158671 | $0.09 | -$0.07 (41.9%) |
| December 2024 | $0.160258 | $0.10 | -$0.06 (37.9%) |
Light Iron & Shredder 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) |
|---|---|---|---|
| 2/17/2026 | $0.13 / lb | +$0.04 | $0.13 - $0.13 |
| 12/19/2025 | $0.09 / lb | +$0.02 | $0.09 - $0.09 |
| 1/29/2025 | $0.07 / lb | -$0.02 | $0.07 - $0.07 |
The Reality of Hauling Light Iron & Shredder
If you are pulling old appliances, roofing tin, or thin sheet metal, you are dealing with Light Iron, often called "shredder scrap" at the scale. This category covers any magnetic steel or iron under 1/8 inch thick. Because it takes up a lot of trailer space but does not weigh much, yards feed it directly into massive industrial shredders. Across Indiana, our tracking data shows yards are paying a national average of $0.10 per pound for this material.
Don't Let the Yard Downgrade Your Load
Shredder loads are notoriously bulky, making it easy to accidentally mix in the wrong materials. The fastest way to kill your payload value is failing to separate your scrap properly. For example, if you just throw everything onto a flatbed and the yard buyer grades your clean light iron as Wire Fence because of a few stray pieces on top, you take a major hit. That simple classification error will cost you about $0.06 per pound. When you are hauling thousands of pounds of metal, that lost revenue adds up fast.
Yard Pro Tip: "White goods" like refrigerators and AC units are the bread and butter of shredder scrap, but do not just toss them on the trailer as-is. Always legally evacuate the freon and cut out the sealed, copper-bearing compressors first. Leaving a heavy compressor bolted to an appliance means you are giving away premium copper recovery value at the cheap light iron price. Plus, many yards will outright reject undeclared sealed units or hit you with a massive environmental fee.
Know What You Are Hauling
Light iron is a high-volume, low-margin game. You can expect prices to range from a floor of $0.08 for rusty, dirt-heavy loads up to $0.13 for clean, organized sheet metal. Keep an eye out for heavier steel hiding in your pile. Thicker structural pieces should be pulled out and sold as #1 Prepared Steel (HMS), which currently trades in the $0.07 to $0.15/lb range. Similarly, never toss heavy vehicle parts like Automotive Cast Iron (Rotors/Drums) into your shred pile—they are worth significantly more on their own.
Frequently Asked Questions
What exactly qualifies as Light Iron or Shredder scrap?
This grade includes everyday items like washing machines, dryers, hot water heaters, bicycles, metal roofing, and file cabinets. Essentially, it is any ferrous (magnetic) metal that is too thin to qualify for heavy melting steel grades like #2 Prepared Steel.
How do scrap yards determine the price for shredder?
Local payouts are closely tied to the CME. Because yards have to invest massive amounts of energy and maintenance to shred and process this bulky material, they typically pay about 38.8% below the spot market price to cover their operational costs.
Do I need to clean off plastic or wood before scrapping?
While shredders are designed to handle some non-metallic attachments, excessive plastic, rubber, or wood will hurt your payout. If a yard inspector sees a load choked with garbage, they will apply a heavy tare weight deduction or drop your price to the absolute minimum.
Light Iron & Shredder scrap prices in Indiana on the map
The map shows cities in Indiana with Light Iron & Shredder scrap prices. Click a marker or pick a city in the list below to see Light Iron & Shredder prices in that location.