Andrew Jacobson is paying his suppliers a lot less these days. And that's not a good thing. One of the owners of All Metal Recycling in Franklin Park, Jacobson buys scrap steel for $50 per ton ...

Scrap metal containing iron, which used to bring $130 to $140 per ton, is down to about $30 to $40 per ton. “These are back to 2000 or earlier prices.

Ferrous prices up about $50 per ton, says 'Fastmarkets AMM' Publication’s pricing surveys show prompt grades retain a $110 to $130 premium over obsolete grades.

Iron Ore Price Remains Low The worldwide iron ore price is currently hovering around the US $100 per ton mark, but the bears in the market see it falling further in the next few months.

“Recently, scrap prices dived from over $500 to $465 per ton, which paved the way for the sharp reduction in domestic steel prices.” ...

As much as 80 percent of a scrap automobile can be recovered by a special auto shredding machine at Franklin Iron and Metal. A scrap car will bring about $160 per ton today.