Today's Scrap Steel Price — August 01, 2026

Metal / GradePrice Per PoundTrend
HMS #1 (Heavy Melting Steel)$220–$280/ton→
HMS #2 (Light Iron)$180–$240/ton→
Shredded Steel (auto shred)$230–$290/ton↑
Structural Steel (beams, columns)$200–$260/ton→
Rebar (clean)$210–$270/ton→
Cast Iron (clean)$150–$200/ton→
Plate & Structural$210–$270/ton→
Turnings (dry)$130–$180/ton→
Mixed Iron/Steel$120–$170/ton→
Stainless Steel (304)$700–$1,100/ton→

Understanding Steel Scrap Grades

Steel scrap is graded by the Institute of Scrap Recycling Industries (ISRI). The most common grades are HMS #1 (heavy melting steel, minimum 1/4 inch thick, maximum 5 feet long) and HMS #2 (lighter steel, thinner gauge). Shredded steel comes from auto shredders and is a premium grade due to its consistent density.

What Generates the Most Steel Scrap?

Plant shutdowns, building demolitions, manufacturing equipment teardowns, and infrastructure projects generate the largest volumes of steel scrap. We specialize in buying entire facilities — structural steel, equipment, pipe, and all associated metals in a single transaction.

Steel Scrap Pricing Factors

Steel scrap prices are driven by electric arc furnace (EAF) mill demand, which fluctuates with construction activity and manufacturing output. Prices are typically quoted per gross ton (2,240 lbs) or net ton (2,000 lbs) — make sure you know which unit is being quoted.

  • Thickness matters: Steel under 1/4 inch is typically HMS #2 (lower price). Over 1/4 inch is HMS #1.
  • Length matters: Steel must be cut to 5 feet or less for most scrap yards. We can cut on-site.
  • Cleanliness matters: Steel with excessive concrete, wood, or non-ferrous attachments is downgraded.
  • Volume matters: Truckload quantities (20+ tons) get better per-ton pricing.

Frequently Asked Questions

What is scrap steel worth per ton today?
As of August 01, 2026, HMS #1 pays $220–$280/ton and HMS #2 pays $180–$240/ton. Shredded steel pays $230–$290/ton. Call (754) 310-2984 for a live quote based on your specific material and quantity.
What is the difference between HMS #1 and HMS #2?
HMS #1 is heavy melting steel at least 1/4 inch thick and no longer than 5 feet. HMS #2 is lighter gauge steel (under 1/4 inch). HMS #1 commands a $30–$50/ton premium over HMS #2.
Do you buy structural steel from demolition projects?
Yes — we buy structural steel beams, columns, angle iron, and plate from demolition and construction projects. We can handle large volumes and arrange flatbed trucking.
How much is a ton of scrap iron worth?
Cast iron pays $150–$200/ton as of August 01, 2026. Wrought iron and structural iron are priced similarly to HMS steel at $200–$260/ton depending on grade and condition.
What is the minimum load size for steel pickup?
We pick up steel loads of 1 ton or more. For large demolition projects and plant shutdowns, we handle all logistics including cranes, cutting, and flatbed transport.

Get a Live Quote Now

Call us with your material and quantity — we'll give you a price in minutes. Free pickup for loads over 500 lbs anywhere in the US.

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