Average #1 Prepared Steel (HMS) Price

Blended rate: local Georgia prices + national trend. As of 2/23/2026.
$0.11/ lb -$0.45 (10.8%)
Use this as a baseline for negotiations. Always call local yards to confirm their rate for your load size.GT = Gross Ton (2240 lbs)
Avg: $0.11
Lowest price $0.07
Highest price$0.15Who pays the most? ⟶
How to read a yard's offer

The min/max range reflects a blended index (local + national data). Your local high may be lower.

  • Low (up to $0.07): Floor price, typically for small loads.
  • Mid ($0.11): A fair deal for standard quantities.
  • High ($0.15+): 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 $0.04 to $0.11.
Mar '25Jun '25Sep '25Dec '25Today
Market response to CME pricing
Spread vs. exchange (180-day avg): ~41.5% (-$0.07/lb). Typical spread for this grade: 37%–61%
✓ Scrap yards are offering fair market rates
Market snapshot
Stable market. Prices have held steady over the past 6 months.
Pricing verified from 2 live board rates today.

#1 Prepared Steel (HMS) price reference for Georgia

Scrap yards in Georgia 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. #1 Prepared Steel (HMS) prices across the U.S. →

Top Scrap Yards Buying #1 Prepared Steel in Georgia

These are scrap yards in Georgia that recently updated #1 Prepared Steel (HMS) 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.

💼 Scrap yard owners: Post your buy prices and get more customers
By price
By date
Updated 26 days ago

Dale Recycling and Used Auto Parts

Listed as: Prepared Steel
482 Crane Mill Rd Get Directions
$0.10 / lb
Updated 32 days ago

CMC Recycling

Listed as: #1 Prepared Steel
1890 Old Savannah Rd Get Directions
$0.11 / lb

Don’t see your scrap yard in Georgia? 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 #1 Prepared Steel (HMS) 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) Estimated U.S. prices
Avg price:$0.12 / lb
Trend (30d): +1.7%
Price analytics
#2 Prepared Steel Estimated U.S. prices
Avg price:$0.11 / lb
Trend (30d): -8.0%
Price analytics
Light Iron & Shredder Based on 1 scrap yards
Avg price:$0.10 / lb
Trend (30d): 0.0%
Price analytics
Unprepared Steel (Torch & Shear) Based on 2 scrap yards
Avg price:$0.10 / lb
Trend (30d): 0.0%
Price analytics
Cast Iron (Heavy) Based on 2 scrap yards
Avg price:$0.07 / lb
Trend (30d): +14.3%
Price analytics
Tin (Sheet Metal) Based on 2 scrap yards
Avg price:$0.05 / lb
Trend (30d): -26.7%
Price analytics
Steel Turnings Estimated U.S. prices
Avg price:$0.05 / lb
Trend (6m): -19.4%
Price analytics

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

$0.11
Scrap metal dealers
Spread: -$0.07/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.

#1 Prepared Steel (HMS): Spread vs. Exchange — Monthly History

Analyst take: This month’s average spread between scrap yard prices and the world market for #1 Prepared Steel (HMS) is 41.5%. That’s in line with the typical range for this grade (39%–45%). 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-$0.07 (41.2%)
February 2026$0.169679$0.10-$0.07 (39.4%)
January 2026$0.169184$0.07-$0.10 (58.4%)
December 2025$0.165335$0.06-$0.10 (61%)
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$0.10-$0.06 (38.5%)
July 2025$0.159239$0.10-$0.06 (39.2%)
June 2025$0.155033$0.09-$0.07 (41.9%)
May 2025$0.157923$0.09-$0.06 (40.2%)
April 2025$0.161157$0.09-$0.07 (41.5%)
March 2025$0.169235$0.10-$0.07 (42.4%)
February 2025$0.166$0.09-$0.07 (43.2%)
January 2025$0.158671$0.09-$0.07 (41.2%)
December 2024$0.159039$0.10-$0.06 (40%)
November 2024$0.165953$0.10-$0.07 (39.9%)
October 2024$0.173261$0.10-$0.07 (40.4%)
September 2024$0.16823$0.09-$0.08 (48.3%)
August 2024$0.166132$0.09-$0.07 (42.9%)
July 2024$0.174761$0.11-$0.07 (38.9%)
June 2024$0.173733$0.10-$0.08 (43.2%)
May 2024$0.174594$0.09-$0.08 (46.2%)
April 2024$0.174133$0.11-$0.07 (39.7%)
March 2024$0.174719$0.10-$0.07 (40.4%)
February 2024$0.183579$0.10-$0.08 (44.4%)
January 2024$0.185484$0.11-$0.08 (40.7%)
December 2023$0.189755$0.11-$0.08 (40.5%)
November 2023$0.18284$0.11-$0.07 (40%)
October 2023$0.168132$0.09-$0.07 (43.6%)
September 2023$0.171903$0.09-$0.08 (46.5%)
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 (40.1%)
April 2023$0.187047$0.11-$0.07 (39.8%)
March 2023$0.203358$0.12-$0.09 (42.6%)
February 2023$0.200689$0.12-$0.08 (39.1%)
January 2023$0.188281$0.10-$0.09 (45.5%)
December 2022$0.175474$0.10-$0.08 (45%)
November 2022$0.15927$0.09-$0.07 (42.4%)
October 2022$0.161587$0.10-$0.06 (38.7%)
September 2022$0.162657$0.10-$0.07 (40.4%)
August 2022$0.17361$0.10-$0.07 (39.8%)
July 2022$0.169839$0.10-$0.07 (40%)
June 2022$0.173823$0.10-$0.08 (43.6%)
May 2022$0.217184$0.13-$0.09 (41.3%)
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$0.11-$0.10 (48.8%)
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$0.12-$0.09 (42.3%)
July 2021$0.226971$0.13-$0.09 (41.4%)
June 2021$0.23039$0.14-$0.09 (39.5%)
May 2021$0.234461$0.14-$0.09 (39.9%)
April 2021$0.213893$0.12-$0.10 (45.5%)
March 2021$0.210168$0.12-$0.09 (41.1%)
February 2021$0.201529$0.12-$0.08 (40.8%)
January 2021$0.18881$0.12-$0.07 (37.5%)
December 2020$0.197974$0.12-$0.08 (40.2%)
November 2020$0.15506$0.08-$0.07 (46.9%)
October 2020$0.137722$0.08-$0.06 (44.3%)

#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.

DateAvg price (per lb)ChangeRange (Low/High)
2/23/2026$0.10 / lb-$0.01$0.10 - $0.10
2/17/2026$0.11 / lb+$0.02$0.11 - $0.11
1/24/2026$0.09 / lb+$0.04$0.09 - $0.09
1/23/2026$0.05 / lb-$0.04$0.05 - $0.05
1/18/2026$0.09 / lb+$0.04$0.09 - $0.09
1/13/2026$0.05 / lb+$0.01$0.05 - $0.05
1/12/2026$0.04 / lb-$0.04$0.04 - $0.04
1/11/2026$0.08 / lb+$0.04$0.08 - $0.08
1/10/2026$0.04 / lb-$0.04$0.04 - $0.04
1/3/2026$0.08 / lb+$0.04$0.08 - $0.08
12/30/2025$0.04 / lb-$0.04$0.04 - $0.04
12/23/2025$0.08 / lb+$0.04$0.08 - $0.08
12/19/2025$0.04 / lb-$0.04$0.04 - $0.04
12/13/2025$0.08 / lb— no change$0.08 - $0.08
12/10/2025$0.08 / lb-$0.01$0.08 - $0.08
4/18/2025$0.09 / lb— no change$0.09 - $0.09
3/28/2025$0.09 / lb-$0.01$0.09 - $0.09
3/16/2025$0.10 / lb+$0.02$0.10 - $0.10
2/10/2025$0.08 / lb— no change$0.08 - $0.08
9/20/2024$0.08 / lb+$0.01$0.08 - $0.08
9/8/2024$0.07 / lb-$0.01$0.07 - $0.07
8/13/2024$0.08 / lb-$0.01$0.08 - $0.08
6/14/2024$0.09 / lb+$0.02$0.09 - $0.09
5/26/2024$0.07 / lb-$0.03$0.07 - $0.07
2/29/2024$0.10 / lb+$0.01$0.10 - $0.10
2/22/2024$0.09 / lb+$0.01$0.09 - $0.09
10/31/2023$0.08 / lb+$0.01$0.08 - $0.08
9/24/2023$0.07 / lb-$0.03$0.07 - $0.07
3/31/2023$0.10 / lb+$0.02$0.10 - $0.10
1/30/2023$0.08 / lb+$0.02$0.08 - $0.08
12/6/2022$0.06 / lb-$0.03$0.06 - $0.06
9/29/2022$0.09 / lb+$0.02$0.09 - $0.09
6/24/2022$0.07 / lb-$0.03$0.07 - $0.07
5/23/2022$0.10 / lb-$0.02$0.10 - $0.10
5/20/2022$0.12 / lb+$0.02$0.12 - $0.12
1/29/2022$0.10 / lb+$0.02$0.10 - $0.10
1/16/2022$0.08 / lb-$0.02$0.08 - $0.08
8/5/2021$0.10 / lb+$0.02$0.10 - $0.10
4/14/2021$0.08 / lb-$0.04$0.08 - $0.08
3/6/2021$0.12 / lb-$0.01$0.12 - $0.12
1/16/2021$0.13 / lb+$0.07$0.13 - $0.13
11/26/2020$0.06 / lb+$0.01$0.06 - $0.06

The Heavy Hitter: Cashing In on #1 Prepared Steel (HMS)

If you are hauling structural beams, heavy pipe, or thick machinery plates, #1 Prepared Steel (Heavy Melting Steel, or HMS) is your money maker in the ferrous category. Our data shows current national prices swinging between $0.07 on the low end and $0.15 for clean, properly cut loads, with an average payout of $0.10 per pound. Ferrous scrap pricing relies heavily on the CME, typically hovering around 41.5% below spot prices. Buyers in Georgia need this material ready to melt, meaning the cleaner and better prepped your load is, the closer you get to top-tier pricing.

Don't Get Docked at the Scale: Sizing & Sorting

The difference between getting paid for #1 Prepared and taking a massive hit on your ticket comes down to your torch and your tape measure. Mixed loads are a peddler's worst enemy. If you try to bulk up your heavy iron by throwing in thin sheet metal or Wire Fence, the scale master will downgrade your entire flatbed. That lazy mistake can cost you around $0.06 per pound instantly across the whole load. Keep your shred and light iron far away from your premium HMS.

Yard Pro Tip: The golden rule for #1 Prepared Steel is the '1/4-inch rule.' If the steel isn't consistently thicker than a standard pencil (about 1/4 inch), it belongs in your #2 pile. Yard inspectors will spot thinner gauge material hidden in a load of heavy beams and will immediately downgrade the entire drop. Save your cutting time and torch gas strictly for the thick plates and structural steel.

Compare the Iron Grades

Not all heavy steel is graded the same. Knowing the difference between your heavy melts and your cast materials will help you separate your bins and maximize your payout.

GradeWhat It IsNational Range
#1 Prepared Steel (HMS)1/4-inch thick or more, cut to size (usually under 5x2 feet).$0.07 - $0.15/lb
#2 Prepared SteelThinner gauge steel (under 1/4 inch) but still free of non-metallics.$0.10 to $0.13/lb
Automotive Cast Iron (Rotors/Drums)Clean cast iron brake rotors and drums, stripped of pads/bearings.$0.11 to $0.16/lb
Cast Iron (Heavy)Engine blocks, old radiators, thick cast pipes.$0.09 to $0.20/lb

Frequently Asked Questions

What exactly does '#1 Prepared' mean?

It means the heavy melting steel (HMS) is cut to the specific dimensions required by the yard's furnace or foundry buyer—usually under 5 feet long and 2 feet wide. It also must be at least 1/4 inch thick and free of excessive rust, dirt, or galvanized coatings.

Why do prices for HMS vary so much between yards?

Local demand and freight costs are huge factors. A yard in Georgia might pay closer to the $0.10 national average or slightly more depending on how close they are to a domestic steel mill or export port. Broader pricing follows the CME market trends, generally sitting 41.5% below the spot price.

Is it worth cutting unprepared steel myself?

Usually, yes. If you have the right tools—like a plasma cutter, oxy-acetylene torch, or heavy shear—the price bump from 'Unprepared' to '#1 Prepared' easily covers your labor and gas, provided the starting material meets that critical 1/4-inch thickness requirement.