mill scrap metal prices

Scrap metal prices fluctuate based on market demand, location, metal type, and global economic conditions. Here’s a general overview of mill scrap metal prices (as of mid-2024):

Common Mill Scrap Metals & Approximate Prices
*(Prices are per ton in USD and can vary by region and quality.)*

1. Heavy Melting Steel (HMS):
– HMS #1 (clean, thick steel): $250–$350/ton
– HMS #2 (mixed steel): $220–$300/ton

2. Shredded Scrap Steel: $200–$280/ton
– Used for furnaces; lower value due to contaminants.

3. Turnings/Borings (steel/aluminum chips):
– Steel: $100–$200/ton
– Aluminum: $0.50–$1.50/lb ($1,000–$3,000/ton)

4. Cast Iron: $180–$250/ton

5. Stainless Steel Scrap:
– 304 Grade: $0.50–$0.80/lb ($1,000–$1,600/ton)
– 316 Grade: $0.70–$1.20/lb ($1,400–$2,400/ton)

6. Copper Mill Scrap:
– Bare Bright Copper: $3.50–$4.00/lb
– #1 Copper Tubing: $3.20–$3.70/lb

7. Aluminum Mill Scrap:
– Extrusions: $0.60–$0.90/lb ($1,200–$1,800/ton)
– Sheet Aluminum: $0.50–$0.80/lb ($1,000–$1,600/ton)

Factors Affecting Prices:
– Global steel demand (e.g., China’s production rates).
– Local supply and transportation costs.
– Oil prices and energy markets (impacts production costs).
– Trade policies/tariffs (e.g., U.S./EU import rules).

Where to Check Current Prices?