Short answer: HMS stands for heavy melting steel, which is thick, clean, solid steel scrap such as structural beams, plate, machinery frames and heavy fabrications that is sold by the tonne to steel mills and foundries for melting, and because it is the most common ferrous scrap grade it sets the baseline for steel scrap prices.
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HMS is made up of heavier steel sections, not thin sheet or hollow items.
Sold by the tonne
Because steel is heavy and low in value per kilogram, it is traded in tonnes, usually in truckloads.
The price benchmark
The HMS price is often used as the reference for other steel grades.
How ScrapTrade Fits In
ScrapTrade shows steel prices by the tonne, so you can see where HMS sits today.
Preparation is what makes a steel load pay. ScrapTrade connects you with verified buyers, transparent weighing and escrow-protected payments.
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