SchrottSteel & Iron (Ferrous) Scrap Prices in the US
Get the unvarnished truth on Steel & Iron (Ferrous) scrap prices in the US. 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.
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 3 grades, and price is down for 6 grades.
Current Steel & Iron (Ferrous) Payouts by Grade
Below is the real-time breakdown for Steel & Iron grades in the US, swinging from $0.04/lb for lower-tier material up to $0.17/lb for premium heavy melt. For instance, heavy Plate & Structural Steel (P&S) typically commands $0.12 to $0.14/ lb, while everyday Light Iron & Shredder is pulling around $0.10 to $0.13/ lb. If you've got Automotive Cast Iron (Rotors/Drums), expect yards to offer $0.15 to $0.17/ lb. Know your grade before you hit the scale.
Top Yards Buying Ferrous Scrap in the US
Live prices from local scrap yards across the U.S.. Compare offers and find the buyer paying the most.
Benton Metal Recycling
Conservit, Inc.
JB's Salvage, Inc
CMC Recycling
Merrillville Metal Recycling
CMC Recycling
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Hundreds of people search for the best scrap prices across the U.S. every day. Add your yard and start capturing those leads.
🚀 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 across the U.S..
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 | $0.16 | High Grade•82% |
| Plate & Structural Steel (P&S) | $0.19 CME | $0.13 | High Grade•67% |
| #1 Prepared Steel (HMS) | $0.19 CME | $0.12 | Mid Grade•62% |
| #2 Prepared Steel | $0.19 CME | $0.12 | Mid Grade•59% |
| Light Iron & Shredder | $0.19 CME | $0.12 | Mid Grade•59% |
| Cast Iron (Heavy) | $0.19 CME | $0.11 | Mid Grade•54% |
| Unprepared Steel (Torch & Shear) | $0.19 CME | $0.10 | Mid Grade•49% |
| Tin (Sheet Metal) | $0.19 CME | $0.08 | Low Grade•39% |
| Rebar | $0.19 CME | $0.07 | Low Grade•36% |
| Steel Turnings | $0.19 CME | $0.05 | Low Grade•26% |
| Wire Fence | $0.19 CME | $0.05 | Low Grade•23% |
📊 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 49.5% margin against the CME dictate what the scale actually pays.
Steel & Iron (Ferrous) scrap prices — find in your state on the map
The map shows states where we have Steel & Iron (Ferrous) scrap prices. Click a state on the map or use the links below to see current Steel & Iron (Ferrous) prices in that region.