SchrottSteel & Iron (Ferrous) Scrap Prices in Michigan
Get the unvarnished truth on Steel & Iron (Ferrous) scrap prices in Michigan. Track local scale payouts against the CME, run your tonnage through our load calculator, and locate the highest-paying scrap yards before you dump your trailer.
Local data is supplemented with national averages for the most accurate estimate. The market moves as one trend — use the national figure as your reference point.
Steel & Iron (Ferrous) Scrap Price Trends
over the last 30 daysIn the last month in the Steel & Iron (Ferrous) category: price is up for 2 grades, price is steady for 5 grades, and price is down for 4 grades.
U.S. National Price Benchmark — Steel & Iron (Ferrous) in Michigan
Local scrap yards in Michigan sometimes post their prices with a short delay. To keep you informed of what your metal is worth right now, we use U.S. national averages as a reference. The secondary metals market responds to exchange moves in sync across the country — use this national benchmark when negotiating with local buyers. Steel & Iron (Ferrous) prices across the U.S. →
Current Steel & Iron (Ferrous) Payouts by Grade
Here is the Steel & Iron (Ferrous) data we have on file for Michigan. Local yards don't always update their online prices daily — if your grade isn't listed, use the National Benchmark above as leverage when negotiating with local buyers.
Top Yards Buying Ferrous Scrap in Michigan
Live prices from local scrap yards in Michigan. Compare offers and find the buyer paying the most.
Benton Metal Recycling
Resource Recovery Solutions
M 82 Recycling
RJ Industrial Recycling
Reid Metals Inc
Iron Mike Scrap Metal Services
Don't see your scrap yard in Michigan? 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 ⟶Steel & Iron (Ferrous) Price Chart & History
See how local yard buy prices track the exchange (CME). Use this chart to judge whether it's a good time to cash in now or wait for yards to catch up with the latest exchange move.
Calculate Your Ferrous Scrap Load Value
Selling a mixed load? Pick the grades below — a weight field appears after you select at least one grade, then the calculator estimates your haul's value from current average prices Michigan.
Grade Value: Density, Prep, and Mill Demand
Біржова ціна відображає чистий перероблений метал (99,9%+). У кожної марки лому різний рівень домішок і різна складність переробки. Чим вищий відсоток, тим цінніша марка і тим ближче виплата до спотової ціни.
| Grade | Exchange (100%) | Yard Price (per lb) | Grade Quality |
|---|---|---|---|
| Automotive Cast Iron (Rotors/Drums) | $0.19 CME | $0.17 | High Grade•85% |
| Plate & Structural Steel (P&S) | $0.19 CME | $0.13 | High Grade•67% |
| Light Iron & Shredder | $0.19 CME | $0.12 | Mid Grade•59% |
| #1 Prepared Steel (HMS) | $0.19 CME | $0.11 | Mid Grade•57% |
| Unprepared Steel (Torch & Shear) | $0.19 CME | $0.11 | Mid Grade•54% |
| #2 Prepared Steel | $0.19 CME | $0.10 | Mid Grade•51% |
| Cast Iron (Heavy) | $0.19 CME | $0.10 | Mid Grade•51% |
| Tin (Sheet Metal) | $0.19 CME | $0.08 | Low Grade•41% |
| Steel Turnings | $0.19 CME | $0.05 | Low Grade•26% |
| Wire Fence | $0.19 CME | $0.05 | Low Grade•23% |
| Rebar | $0.19 CME | $0.04 | Low Grade•21% |
📊 What Determines Ferrous Grade Value:
- Density & Thickness: Mills want heavy melting steel (HMS). Quarter-inch thick plate pays massively more than thin gauge tin.
- Preparation: If a yard has to torch your 10-foot I-beam down to a 3-foot section, they'll buy it as Unprepared and pay you less.
- Contamination: Dirt, concrete on rebar, or heavy rust scale will get your load downgraded to shred.
- Market Spread: Local demand and the 51.4% margin against the CME dictate what the scale actually pays.
Steel & Iron (Ferrous) scrap prices in Michigan on the map
The map shows cities in Michigan with Steel & Iron (Ferrous) scrap prices. Click a marker or pick a city in the list below to see Steel & Iron (Ferrous) prices in that location.