Home › ⚙️ Steel & Iron Melting Scrap ⚙️ Steel & Iron Melting Scrap
The principal category of ferrous melting scrap, traded as HMS, shredded, and bushelling.
📅 Last Updated: July 2026
About Steel Melting Scrap
Steel and iron melting scrap is a widely traded category of melting scrap. Electric arc furnace mills, induction furnace operators, and foundries consume it as a principal feed for new steel production. The scrap that enters these furnaces becomes new reinforcing bar, structural sections, sheet, and tube for the construction, automotive, and engineering sectors.
The trade moves between countries under defined contracts and standards. Turkey is one of the steady inbound destinations, drawing material from sources including the United States, the European Union, and the United Kingdom. India, Bangladesh, Pakistan, and Vietnam are also active destinations.
The grading system most widely used in the trade is the one published by the Recycled Materials Association (formerly ISRI) in the United States. The system gives each kind of steel scrap a numbered or named identity. Commonly traded grades include HMS 1 and HMS 2 — heavy melting scrap of two cleanliness classes — together with shredded steel, busheling, bonus, and a number of finer subdivisions for specialty material.
Principal Grades
The principal grades of steel melting scrap, as defined in the ReMA specifications:
HMS 1 (Heavy Melting Scrap 1)
Wrought iron and/or steel scrap 1/4 inch and over in thickness. Individual pieces not over 60 × 24 inches, prepared in a manner to ensure compact charging. Free of motor blocks, burnt material, and other contamination.
HMS 2 (Heavy Melting Scrap 2)
Wrought iron and steel scrap, black and galvanised, 1/8 inch and over in thickness. Similar dimensional rules to HMS 1 but lower minimum thickness and includes light material.
Shredded Steel
Homogeneous iron and steel scrap, magnetically separated, from automobiles, miscellaneous baling, and sheet stock. Dense, uniform, and clean — among the most desirable feed for electric arc furnaces.
Busheling (Bushelling)
Clean steel scrap, not exceeding 12 × 18 inches in size and not less than 1/8 inch in thickness. Includes new factory bundles, stampings, clips, and similar uncoated material.
Bonus
Bundled new black steel sheet scrap, hydraulically compressed to a density of at least 75 pounds per cubic foot. Charging pieces no larger than 24 × 24 × 60 inches.
Plate & Structural Steel (P&S)
Cut structural and plate scrap, 5 feet and under in length. Cross-sections not less than 1/4 inch in thickness.
Cast Iron Scrap
Includes broken cast iron from machinery, stoves, drainpipe, and similar items. Free of stainless steel, manganese, and burnt material.
Cut Steel Pipe
Steel pipe cut to suitable lengths. Free of attachments, valves, and excessive corrosion.
Companies Active in Steel — By Country
Companies grouped by country. Each handles steel melting scrap among other categories.
🇮🇳 India (13)
ArcelorMittal Nippon Steel India
Hazira, Gujarat • JV integrated steel producer
🏷️ Steel · Stainless Steel
🤖 About Company🔍 ExploreJindal Stainless Ltd
Hisar, Haryana • Stainless steel producer, publicly listed
🏷️ Stainless Steel · Steel
🤖 About Company🔍 Explore→ View all India companies
🇺🇸 United States (24)
Sims Metal Management
New York • Diversified scrap multinational, ASX-listed
🏷️ Steel · Copper · Aluminium · Stainless Steel
🤖 About Company🔍 ExploreRadius Recycling (Schnitzer Steel)
Portland, OR • Diversified scrap, NASDAQ-listed
🏷️ Steel · Copper · Aluminium
🤖 About Company🔍 ExploreCommercial Metals Company (CMC)
Irving, TX • Diversified steel and metals, NYSE-listed
🏷️ Steel · Copper
🤖 About Company🔍 ExploreEMR USA Metal Recycling
Camden, NJ • EMR subsidiary
🏷️ Steel · Copper · Aluminium · Stainless Steel
🤖 About Company🔍 ExploreAlter Trading Corporation
St. Louis, MO • Midwest diversified operator
🏷️ Steel · Copper · Aluminium
🤖 About Company🔍 ExploreCohen USA / Cohen Recycling
Middletown, OH • Family-owned diversified recycler
🏷️ Steel · Copper · Aluminium
🤖 About Company🔍 Explore→ View all United States companies
🇬🇧 United Kingdom (16)
European Metal Recycling (EMR)
Warrington • Diversified scrap, privately held
🏷️ Steel · Copper · Aluminium · Stainless Steel
🤖 About Company🔍 ExploreBiffa plc Metal Recycling
High Wycombe • Publicly listed waste/metals
🏷️ Steel · Copper · Aluminium
🤖 About Company🔍 Explore→ View all United Kingdom companies
🇨🇳 China (9)
Baoshan Iron & Steel (Baosteel)
Shanghai • Largest Chinese steel producer
🏷️ Steel · Stainless Steel
🤖 About Company🔍 ExploreChina Minmetals Corporation
Beijing • State-owned, all metals
🏷️ Steel · Copper · Aluminium · Zinc
🤖 About Company🔍 ExploreTsingshan Holding Group
Wenzhou, Zhejiang • Stainless steel and nickel giant
🏷️ Stainless Steel · Steel
🤖 About Company🔍 Explore→ View all China companies
🇩🇪 Germany (10)
→ View all Germany companies
🇯🇵 Japan (7)
→ View all Japan companies
🇰🇷 South Korea (9)
→ View all South Korea companies
🇹🇷 Turkey (12)
→ View all Turkey companies
🇻🇳 Vietnam (13)
→ View all Vietnam companies
🇲🇾 Malaysia (14)
→ View all Malaysia companies
🇦🇪 United Arab Emirates (5)
→ View all United Arab Emirates companies
🇮🇹 Italy (10)
→ View all Italy companies
📈 Steel — Exchanges & Trade Bodies
Where steel and its scrap are priced, and the organisations that anchor the trade.
LME
London Metal Exchange — global base metals pricing
🔗 lme.comCME Group (COMEX)
US futures — copper, aluminium, ferrous scrap
🔗 cmegroup.comBIR — Bureau of International Recycling
The global federation of the recycling industry, Brussels
🔗 bir.orgReMA — Recycled Materials Association
Publisher of the scrap specifications (formerly ISRI), USA
🔗 recycledmaterials.org⚠️ Disclaimer
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