Current prices for ferrous scrap metals (steel, iron, etc.) in the midwest USA region as of September 26 2011

Ferrous Scrap Metal Current Mill Price Iron Mike’s Price
Scrap #1 Dealer Bundles $460.00 gt $405.00 gt
Scrap #2 Dealer Bundles $360.00 gt $320.00 gt
Scrap #1 Busheling $495.00 gt $460.00 gt
Scrap #1 Baling $458.00 gt $420.00 gt
Scrap #2 Baling $402.00/gt $380.00 gt
Scrap Plate and Struct 2′x 5′ $445.00 gt $400.00 gt
Scrap Plate and Struct scrap (unprep) N/A $370.00 gt
Scrap Heavy Melt  2′x 5′ $405.00 gt $360.00 gt
Scrap Heavy Melt scrap (unprep) N/A $335.00 gt
Scrap automobiles (must have title) N/A $290.00 gt
Scrap Auto Cast $435.00 gt $400.00 gt
Scrap Yard Cast(breakable) $375.00 gt $330.00 gt
Scrap Sheet Iron $340.00 gt $280.00 gt
Scrap #1 Shredder Frag $400.00 gt $370.00 gt
Scrap Engine Block (clean) $420.00 gt $385.00 gt
Scrap Engine Block (dirty) $375.00 gt $330.00 gt
Scrap Punchings $465.00 $428.00
Scrap Turnings $275.00/gt $230.00/gt
Scrap Borings N/A Call
Scrap Aluminum Bearing Steel(smelter ready) $  .37 lb-% call $  .26 lb-% call
Scrap Machinery N/A $325.00/gt
Scrap Racks and Bins N/A $340.00 gt
Scrap Random length rail $440.00/gt $400.00/gt
Scrap OTM (other track material) $445.00/gt $400.00/gt
Scrap Mixed steel loads N/A $260.00/gt

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