How we are able to offer the best prices
Because we receive and process such a high volume of metal we are able to sell directly to the end user and as a result are able to share those premium prices with you, our customer! We are suppliers to Mills and foundries across North America who purchase both our steel and non-ferrous items.
We provide fair pricing, timely service and direct access to steel mills globally, which allows us to enjoy a competitive advantage over other recycling companies in the region. Our companies ship our final products to consumers in North America via truck, rail, and barge, and via bulk cargos and containers overseas.
How we price our metals
Our daily prices are dictated by the Mills that we supply to. If our customers would like to follow the market trends, we can provide them with the American Metal Market (AMM) and the MidWest Average. These are general indices that National Iron follows when publishing our Monthly steel rates.
Pricing is based on market fluctuation, currency exchange rates, and supply and demand for each commodity on any given day, at any given time.
Our prices are always current
We adapt to market changes on a real time basis to provide the most current pricing for our customers.
Contact one of our account representatives or main office for specific pricing for your product.
American Metal Market
American Metal Market publishes more than1,200 proprietary metal prices including established benchmark prices trusted and used across the metals supply chain.
National Iron specifically shares the Scrap Price Bulletin with our customers to increase their metals industry intelligence.
LME - Midwest Average
The Midwest Average publishes daily and monthly price averages reports. These include a comprehensive breakdown of non-ferrous prices discovered on the London Metal Exchange (LME).
National Iron uses this index to establish pricing for non-ferrous materials.