As of February 4, 2012 here are latest prices for ferrous scrap metals (steel, iron, HMS) from Iron Mike Scrap

Ferrous Scrap Metal Current Mill Price Market Price
Scrap #1 Dealer Bundles $445.00 gt $405.00 gt
Scrap #2 Dealer Bundles $345.00 gt $300.00 gt
Scrap #1 Busheling $485.00 gt $435.00 gt
Scrap #1 Baling $445.00 gt $400.00 gt
Scrap #2 Baling $390.00/gt $355.00 gt
Scrap Plate and Struct 2′x 5′ $440.00 gt $395.00 gt
Scrap Plate and Struct scrap (unprep) N/A $370.00 gt
Scrap Heavy Melt 2′x 5′ $385.00 gt $335.00 gt
Scrap Heavy Melt scrap (unprep) N/A $310.00 gt
Scrap automobiles (must have title) N/A $250.00 gt
Scrap Auto Cast $445.00 gt $405.00 gt
Scrap Yard Cast(breakable) $355.00 gt $310.00 gt
Scrap Sheet Iron $330.00 gt $280.00 gt
Scrap #1 Shredder Frag $430.00 gt $390.00 gt
Scrap Engine Block (clean) $410.00 gt $370.00 gt
Scrap Engine Block (dirty) 370.00 gt $320.00 gt
Scrap Punchings $480.00 gt $440.00 gt
Scrap Turnings $260.00 gt $220.00 gt
Scrap Borings N/A Call
Scrap Aluminum Bearing Steel(smelter ready) $ .37 lb-% call $ .26 lb-% call
Scrap Machinery (high yield cast) N/A $310.00 gt
Scrap Racks and Bins N/A $305.00 gt
Scrap Random length rail (W/docs) $390.00 gt $350.00 gt
Scrap OTM (W/docs) $390.00 gt $340.00 gt
Scrap Crushed Cars (Full trailer loads) N/A $290.00 gt*

Scrap metal prices above are subject to change and you should contact vendor to obtain current scrap metal pricing.

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