Prospect Iron & Steel Corp
40 Bennett St, Somerville, MA 02143
About Prospect Iron & Steel Corp
Prospect Iron & Steel Corp is a scrap metal recycling operator working out of Somerville, Massachusetts in Middlesex County. The site serves walk-in sellers, small contractors, and anyone in the surrounding county who needs to turn scrap material into cash rather than haul it to landfill. On the inbound side, the listing shows steel. Each category here is what the yard self-reported to the directory as part of its standard intake mix, which gives sellers a clean working baseline for what fits inbound flow on a typical day at the gate. A phone line and a website are on file and operating hours are posted in the directory entry. These come from the yard's own filing with the directory and represent the public-facing snapshot of the inbound flow, surfaced here as a working baseline for sellers planning a visit. Sorting at the gate moves faster when materials are pre-separated at home — ferrous in one bin, copper in another, aluminum kept clean. The yard can post the load through faster, and sellers tend to land a cleaner intake price on each category. Pre-sorted loads also avoid the wait that comes when staff have to break a mixed bin apart on site before grading and weighing the material.
What Prospect Iron & Steel Corp Buys
Scrap Price Estimates (US Average)
Daily US average estimates updated Nov 10, 2026, not Prospect Iron & Steel Corp's own prices; call the yard for its pay rates. How we estimate prices.
| Metal | Est. Price | Unit |
|---|---|---|
| Bare Bright Copper | $5.54 | /lb |
| #1 Copper | $5.31 | /lb |
| #2 Copper | $4.73 | /lb |
| Insulated Copper Wire | $2.60 | /lb |
| Copper Pipe (Clean) | $5.14 | /lb |
| Aluminum (Mixed) | $0.70 | /lb |
| Aluminum Cans | $0.95 | /lb |
| Aluminum Extrusion | $0.99 | /lb |
| Steel (Heavy Melt) | $285.00 | /ton |
| Light Iron / Sheet | $215.00 | /ton |
| Cast Iron | $0.18 | /lb |
| Stainless Steel (304) | $0.62 | /lb |
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