| High | Low | Average |
|---|---|---|
| 4.32 USD/LB | 1.8 USD/LB | 3.21 USD/LB |
| Location | Price | Change | High | Low | Unit | Updated |
|---|---|---|---|---|---|---|
| North Truro, Massachusetts | 3.89 | 0 | 3.89 | 3.89 | USD/LB | 10/22/2026 |
| Northwood, New Hampshire | 3.64 | 0 | 3.64 | 3.64 | USD/LB | 10/22/2026 |
| Paulding, Ohio | 1.8 | 0 | 1.8 | 1.8 | USD/LB | 10/15/2026 |
| Chillicothe, Ohio | 3.45 | 0 | 3.45 | 3.45 | USD/LB | 10/15/2026 |
| Greenville, Ohio | 2.5 | 0 | 2.5 | 2.5 | USD/LB | 10/07/2026 |
| Warren, Ohio | 2.5 | 0 | 2.5 | 2.5 | USD/LB | 10/07/2026 |
| Ashtabula, Ohio | 2.5 | 0 | 2.5 | 2.5 | USD/LB | 10/07/2026 |
| Kansas City, Missouri | 4.06 | 0 | 4.06 | 4.06 | USD/LB | 10/06/2026 |
| Carter Lake, Iowa | 4.32 | 0 | 4.32 | 4.32 | USD/LB | 9/24/2026 |
| Rockville, Maryland | 3.5 | 0 | 3.5 | 3.5 | USD/LB | 9/24/2026 |
| Salem, Ohio | 4.2 | 0 | 4.2 | 4.2 | USD/LB | 9/07/2026 |
| Atlanta, Georgia | 3.62 | 0 | 3.62 | 3.62 | USD/LB | 9/04/2026 |
#1 Heavy Melting Scrap (#1 HMS) is a widely traded ferrous scrap grade made from prepared wrought iron and steel. It is commonly generated from structural demolition, heavy machinery, industrial equipment and other substantial steel products.
The grade is defined by minimum thickness, maximum dimensions and preparation for furnace charging. Correct sizing and segregation are important because material that does not meet the agreed specification may be purchased under another ferrous grade.
Under current ReMA ferrous scrap specifications, No. 1 Heavy Melting Steel, Code 200, consists of wrought iron and/or steel scrap that is at least 1/4 inch thick.
Individual pieces may not exceed 60 × 24 inches and must be prepared so the material can be charged compactly into a steelmaking furnace.
ReMA also recognizes smaller dimensional preparations for buyers and furnaces requiring different charging sizes.
Current ReMA specifications include three principal #1 Heavy Melting Steel preparations:
The exact preparation required depends on the receiving processor or steel mill, so sellers should confirm the applicable specification before cutting or loading a commercial shipment.
#1 HMS is generally heavy, substantial ferrous material rather than thin sheet or light-gauge steel.
Common characteristics include:
A magnet can confirm that a material is ferrous, but magnet testing alone cannot determine whether it meets the full #1 HMS specification.
#1 HMS is frequently recovered from heavy industrial, construction and demolition applications.
Common sources include:
The most important distinction between #1 HMS and #2 Heavy Melting Scrap is the material thickness and the types of steel permitted under the applicable specifications.
#1 HMS requires steel at least 1/4 inch thick. General #2 HMS begins at 1/8 inch thick and expressly includes black and galvanized wrought iron and steel that is not suitable as No. 1 Heavy Melting Steel.
Because several dimensional variants exist for both grades, sellers should not classify a load based on thickness alone. Preparation, dimensions, material type and buyer requirements all matter.
#1 Busheling Scrap is also an important steelmaking feedstock, but it is a different commercial grade.
Busheling generally consists of clean new factory sheet scrap, stampings and clippings. #1 HMS is based on heavier wrought iron and steel and is commonly generated from structural, industrial and obsolete equipment sources.
The two grades should therefore not be used interchangeably even though both may ultimately be consumed by steel mills.
Heavy steel must be prepared so it can be handled efficiently and charged into a furnace without creating oversized pieces that interfere with scrap handling or melting operations.
The dimensional limits in HMS specifications help create a more predictable feedstock for processors and steelmakers.
Large beams, machinery components and structural sections may therefore need to be cut, sheared or otherwise prepared before they qualify as prepared #1 HMS.
A shipment can lose grade value when the material falls outside the buyer's agreed specification.
Potential issues include:
ReMA's ferrous specifications allow buyer and seller to agree to deviations, so the receiving buyer's purchasing specification should always be confirmed before shipment.
#1 HMS prices vary with regional steel-mill demand, scrap supply, preparation, quantity, freight, location and buyer requirements.
Heavy melting scrap may be quoted by gross ton, net ton, metric ton, hundredweight or pound depending on the yard and region. Always compare offers using the same unit and delivery basis.
For current grade-specific buying data, view RecyclingMonster's #1 HMS Prepared Prices.
You can also compare the broader Steel Scrap Prices section and Current Scrap Metal Prices.
#1 HMS is purchased by ferrous scrap processors, metal recycling centers, brokers, foundries and steel mills.
Use RecyclingMonster's Metal Recycling Center Directory to locate scrap yards and processors by location.
Because #1 HMS is a specification-driven grade, confirm that the facility purchases prepared heavy melting steel and ask about its required dimensions before arranging delivery.
Demolition contractors, industrial plants, construction companies and equipment dismantlers can generate substantial quantities of heavy melting scrap.
For large projects, ask potential buyers about roll-off containers, onsite loading, torching or shearing requirements, pickup service, freight charges and delivered-versus-pickup pricing.
Preparing heavy steel correctly before transportation can reduce handling at the receiving yard and help prevent otherwise valuable material from being downgraded as unprepared steel.