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Iron and steel scrap: prices in the U.S. 2006-2019

Iron and steel scrap prices in the United State came to around 266 U.S. dollars per metric ton in 2019. The majority of domestic steel industry scrap consumption is from manufacturers of pig iron, raw steel, and steel castings. These raw materials are used to produce steel products that are used for appliances, construction, machinery, and transportation, among various other industry uses. Only small amounts of steel scrap were used for the production of ferroalloys, copper precipitation, and the chemical industry.

Recycling scrap

Recycled iron and steel scrap materials have been essential for the production of new steel and cast iron products. Vehicles are one of the largest sources of old steel scrap used for recycling and nearly 100 percent of cars are recycled for their scrap material. It is expected that the recycling rate for scrap materials from appliances and construction purposes should rise, especially as public interest for recycling grows and profitability increases.

U.S. iron and steel scrap prices from 2006 to 2019 (in U.S. dollars per metric ton)*

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Release date

February 2020


United States

Survey time period

2006 to 2019

Supplementary notes

* Price is the average, dollars per metric ton delivered, No. 1 Heavy Melting composite price, Iron Age Average, Pittsburgh, Philadelphia, Chicago.
The figures for 2006 through 2014 are taken from previous editions of the publication; the 2019 figure is an estimate.

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Statistics on "Scrap materials in the U.S."

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