#1 Steel Scrap refers to a type of steel scrap that is made up of clean, uncoated, unalloyed steel, and is typically free of any other materials such as paint or coatings. Here is a table of some of the items that are commonly sold as #1 Steel Scrap:
|Automobile Bodies||Consists of steel from cars, trucks, and other vehicles|
|Sheet Metal||Consists of steel from sheet metal products such as roofing, siding, and gutters|
|Machinery||Consists of steel from machinery such as presses, lathes, and milling machines|
|Structural Steel||Consists of steel from buildings, bridges, and other structures|
|Rail and I-beam||Consists of steel from rails, I-beams, and other structural steel components|
Please note that the above table is not exhaustive and other forms of #1 Steel Scrap may be traded as well.
Current average #1 Steel 178.73/ton. The average #1 Steel price for the last 30 days is 189.72/ton.
Price chart for #1 Steel for a month, year
Table of price changes for #1 Steel
There are several factors that can affect the price of scrap #1 steel. Some of the main factors include:
- Supply and demand: Like any commodity, the price of scrap #1 steel is influenced by the balance between the supply of and demand for the material. If there is a high demand for scrap #1 steel and a limited supply, the price may be higher. On the other hand, if there is a surplus of scrap #1 steel and a low demand, the price may be lower.
- Location: The price of scrap #1 steel can vary depending on where it is being sold. For example, scrap #1 steel may be more expensive in an area with a high demand for steel compared to an area with a lower demand.
- Quality: The quality of the scrap #1 steel can also affect its price. Higher-quality scrap #1 steel, which is free of contaminants and has a higher steel content, may command a higher price compared to lower-quality material.
- Transportation costs: The cost of transporting scrap #1 steel from the point of generation to the steel mill or foundry can also affect its price. If transportation costs are high, the price of the scrap may be higher to cover these costs.
- Economic conditions: The state of the economy can also influence the price of scrap #1 steel. During times of economic growth, there may be a higher demand for steel, which can lead to higher prices for scrap #1 steel. During times of economic downturn, the demand for steel may decrease, which can lead to lower prices for scrap #1 steel.
|DATE||PRICE PER POUND|
|2023-06-01||▼178.73$ / ton|
|2023-05-31||▼180.66$ / ton|
|2023-05-30||▲186.15$ / ton|
|2023-05-29||▲182.03$ / ton|
|2023-05-28||▼181.93$ / ton|
|2023-05-27||▲191.39$ / ton|
|2023-05-26||▼184.71$ / ton|
|2023-05-25||▼186.37$ / ton|
|2023-05-24||▼190.36$ / ton|
|2023-05-23||▲190.54$ / ton|
|2023-05-22||▲182.50$ / ton|
|2023-05-21||▼182.20$ / ton|
|2023-05-20||▲190.14$ / ton|
|2023-05-19||▼179.41$ / ton|
|2023-05-18||▲187.02$ / ton|
|2023-05-17||▼184.67$ / ton|
|2023-05-16||▲193.35$ / ton|
|2023-05-15||▲189.10$ / ton|
|2023-05-14||▲187.04$ / ton|
|2023-05-13||▼183.87$ / ton|
|2023-05-12||▼185.65$ / ton|
|2023-05-06||▲207.59$ / ton|
|2023-05-05||▲203.56$ / ton|
|2023-05-04||▼198.98$ / ton|
|2023-05-03||210.93$ / ton|