Ferrous Scrap Metal Prices in Texas (2024 Market Report)
If you’re looking to sell scrap iron or steel in Texas, understanding current market prices and industry trends can help you maximize your profits. This comprehensive guide covers everything you need to know about ferrous scrap metal prices across the Lone Star State.
1. Current Ferrous Scrap Prices in Texas (July 2024)
Ferrous metals (containing iron) are typically priced by the ton (2,000 lbs). Here are the latest Texas market rates:
| Scrap Type | Price Per Ton | Price Per Pound | Common Sources |
|---|---|---|---|
| Heavy Melting Steel (HMS #1) | $210 – $250 | $0.105 – $0.125 | Beams, clean machinery |
| HMS #2 | $180 – $220 | $0.090 – $0.110 | Mixed heavy steel |
| Shredded Scrap | $160 – $200 | $0.080 – $0.100 | Processed vehicles |
| Cast Iron | $130 – $170 | $0.065 – $0.085 | Pipes, engine blocks |
| Light Iron (Tin) | $90 – $130 | $0.045 – $0.065 | Appliances, sheet metal |
| Rebar & Structural | $150 – $190 | $0.075 – $0.095 | Construction debris |
Prices vary daily based on steel market conditions
2. Key Factors Affecting Texas Ferrous Prices
A. Global Steel Market Trends
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Prices follow CME steel futures and Chinese production levels
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U.S. tariffs on imported steel support domestic scrap values
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Recent infrastructure spending boosts demand
B. Regional Texas Markets
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Houston/Gulf Coast: Strong industrial demand from shipyards
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Dallas/Fort Worth: Competitive market with many buyers
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San Antonio/Austin: Growing construction sector
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West Texas: Oilfield equipment recycling
C. Quality & Preparation
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Clean, rust-free steel gets 10-15% higher prices
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Sorted by grade (HMS #1 vs #2) maximizes value
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Contaminated loads get downgraded
D. Transportation Costs
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Rising diesel prices impact scrap yard margins
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Yards near steel mills often pay more
3. Where to Sell Ferrous Scrap in Texas?
Top Texas Scrap Yards
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SA Recycling (Statewide)
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Largest buyer in Texas
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Best for industrial quantities
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Sims Metal Management (Houston, Dallas)
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Competitive pricing
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Advanced processing facilities
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Commercial Metals Company (Multiple Locations)
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Mill-direct pricing
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Specializes in structural steel
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Alter Trading (Statewide)
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Good for small to medium loads
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Fast payments
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Pro Tip: Always:
✔ Call ahead for current prices
✔ Ask about minimum weights (typically 1,000+ lbs)
✔ Inquire about container services for large loads
4. How to Maximize Your Scrap Value
Preparation Tips
✅ Separate by metal type (steel vs cast iron)
✅ Remove non-metal attachments (plastic, rubber)
✅ Cut oversized pieces (avoid torch cutting fees)
✅ Clean when possible (remove dirt/oil)
Selling Strategies
✔ Time your sale when steel prices are rising
✔ Combine loads to reach weight minimums
✔ Build relationships with yard managers
Avoid Common Mistakes
✖ Don’t mix non-ferrous metals with steel
✖ Don’t include hazardous materials
✖ Don’t forget proper ID (Texas requires documentation)
5. Why Recycle Ferrous Metals in Texas?
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Economic Impact: Supports Texas’ $6B+ metal industry
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Environmental Benefits: Saves 75% energy vs new production
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Industrial Demand: Constant need from construction and manufacturing
6. Future Market Outlook
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Infrastructure projects will boost demand
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Global economic conditions affect export markets
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Texas manufacturing growth supports stable prices
7. Frequently Asked Questions
Q: How much is scrap steel worth per pound?
A: Typically $0.04-$0.12/lb ($80-$240/ton) depending on grade
Q: What’s the difference between HMS #1 and #2?
A: HMS #1 is cleaner, thicker steel (minimum 1/4″ thickness)
Q: Do I need a truck to sell scrap?
A: Many yards accept smaller loads, but prices improve at 1+ tons
Q: Is it worth collecting ferrous scrap?
A: Only in large quantities – focus on volume for profitability
8. Final Tips for Sellers
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Monitor steel market trends before selling
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Prepare your scrap properly for best prices
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Compare multiple yards in your region
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Ask about price guarantees for large loads
Need Current Quotes? Contact:
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SA Recycling: (800) 225-1485
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Sims Metal Houston: (713) 670-1000