Average Light Iron & Shredder Price

Market baseline. Local prices last verified on 4/7/2026.
$0.11/ lb +$0.01 (9.1%)
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 $0.12
Highest price$0.12Who pays the most? ⟶

National high for this grade: $0.13 / lb.

How to read scrap yard offers in Elgin, Illinois

Scrap buy price in Elgin, Illinois — $0.12 / lb (single yard offer in our database). Compare with prices across Ukraine below to estimate the real value of this scrap grade.

52-week price range
Over the past year, prices ranged from $0.08 to $0.12.
May '25Aug '25Nov '25Feb '26Today
Market response to CME pricing
Current spread vs. exchange (today): ~42.1% (-$0.08 / lb). Typical spread for this grade: 35%–42%
✓ Scrap yards are offering fair market rates
Market snapshot
Stable market. Prices have held steady over the past 6 months.
Pricing verified from 1 live board rate in this area.

Light Iron & Shredder price reference for Elgin (Illinois)

Scrap yards in Elgin (Illinois) don't always update their prices in real time. To give you a reliable current value, we use the U.S. national average ($0.11 / 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 Elgin, IL

These are scrap yards in Elgin (Illinois) 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.

💼 Scrap yard owners: Post your buy prices and get more customers
By price
By date
Updated 29 days ago

Elgin Recycling Center

Listed as: Iron/Steel
660 Schiller St, Elgin, IL 60123 Plan route
$0.12 / lb

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Hundreds of sellers in your area search for current scrap prices every day. Post your buy prices and start getting calls.

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Compare Light Iron vs. Heavier Steel Grades

See the exact price difference between Light Iron & Shredder and similar grades like Plate & Structural Steel (P&S) or Automotive Cast Iron (Rotors/Drums). Compare the current rates per pound below to ensure you get the maximum payout for your sorted scrap.

Current price Light Iron & Shredder
Light Iron & Shredder Based on 1 scrap yard
Avg price:$0.11 / lb
Trend for 90 days: 0.0%
Plate & Structural Steel (P&S) Estimated U.S. prices
Avg price:$0.13 / lb
Trend for 30 days: -2.3%
Price analytics
Automotive Cast Iron (Rotors/Drums) Estimated prices in Illinois
Avg price:$0.13 / lb
Trend for 30 days: 0.0%
Price analytics
#1 Prepared Steel (HMS) Estimated U.S. prices
Avg price:$0.12 / lb
Trend for 30 days: +0.9%
Price analytics
#2 Prepared Steel Estimated U.S. prices
Avg price:$0.11 / lb
Trend for 30 days: -2.9%
Price analytics
Cast Iron (Heavy) Estimated prices in Illinois
Avg price:$0.10 / lb
Trend for 30 days: 0.0%
Price analytics
Unprepared Steel (Torch & Shear) Estimated U.S. prices
Avg price:$0.08 / lb
Trend for 30 days: -12.8%
Price analytics
Tin (Sheet Metal) Estimated U.S. prices
Avg price:$0.08 / lb
Trend for 30 days: +1.1%
Price analytics
Rebar Estimated U.S. prices
Avg price:$0.06 / lb
Trend for 90 days: -9.1%
Price analytics
Steel Turnings Estimated U.S. prices
Avg price:$0.05 / lb
Trend for 30 days: 0.0%
Price analytics
Wire Fence Estimated U.S. prices
Avg price:$0.04 / lb
Trend for 90 days: +37.5%
Price analytics

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

$0.11
Scrap metal dealers
Price gap: −$0.08 / 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.

Light Iron & Shredder: Spread vs. Exchange — Monthly History

Market read: This month's average gap between scrap yard prices and the world market for Light Iron & Shredder is 38.2%. This falls within the range of monthly spreads we have on record for earlier periods in this table (35.5%–41.2%). 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 ↑
PeriodWorld 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$0.11 / lb−$0.08 (41.2%)
March 2026$0.1774 / lb$0.11 / lb−$0.07 (38%)
February 2026$0.1697 / lb$0.10 / lb−$0.07 (41.1%)
January 2026$0.1692 / lb$0.10 / lb−$0.07 (40.9%)
December 2025$0.1653 / lb$0.10 / lb−$0.07 (39.5%)
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$0.1574 / lb$0.10 / lb−$0.06 (36.5%)

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.

DateAvg price (per lb)ChangeRange (Low/High)
$0.12 / lb+$0.01$0.12 – $0.12
4/6/2026 $0.11 / lb−$0.01$0.11 – $0.11
4/3/2026 $0.12 / lb+$0.01$0.12 – $0.12
4/2/2026 $0.11 / lb−$0.01$0.11 – $0.11
3/30/2026 $0.12 / lb— no change$0.12 – $0.12
3/29/2026 $0.12 / lb+$0.02$0.12 – $0.12
3/28/2026 $0.10 / lb−$0.01$0.10 – $0.10
3/27/2026 $0.11 / lb−$0.01$0.11 – $0.11
3/22/2026 $0.12 / lb+$0.04$0.12 – $0.12