The United States is the world's largest scrap metal recycler by volume, with a highly developed secondary metals industry. US scrap prices are benchmarked globally, with the Midwest #1 busheling and shredded scrap prices serving as key market references.
Indicative global reference prices in USD. Local United States prices vary with USD/USD rates, freight, grade, and market conditions.
Scrap Metal Market in United States
The US scrap market is served by thousands of dealers and processors, with major integrated firms including Sims Metal Management, Schnitzer Steel, and OmniSource. Ferrous scrap is the dominant category by volume, feeding domestic EAF steelmakers as well as export markets (Turkey, Mexico, India). Non-ferrous scrap — copper, aluminium, brass, stainless — is highly active, with prices closely linked to COMEX and LME.
US ferrous scrap prices are quoted ex-works or delivered to mill. The American Metal Market (AMM) Chicago #1 busheling price and shredded scrap prices are the primary domestic benchmarks. Export prices are quoted CFR destination port. Turkey is the dominant US ferrous export market.
View current price data for HMS Scrap, Steel Scrap, Copper Scrap, Aluminium Scrap and more on the MetalsPlace Price Guide.
Price Drivers
Selling Scrap Metal in United States
Scrap sellers in the US deal with local scrap yards, brokers, or directly with steel mills for large volumes. State regulations vary — most require ID verification for non-ferrous sales to combat theft. For B2B volumes, MetalsPlace connects you with international buyers.
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Prices are indicative global references in USD. Local prices in United States vary based on USD/USD, freight, grade, and market conditions. Not for use as contract prices.