Continuing Iron Age's Century-Long Tradition

Regional Market Reports

Why did prices go up in one city and not in another? Did local steel production increase? What are scrap prices going to do next month? The answers are in these reports.   

 

Sparse trading keeps U.S. pig iron prices rangebound in October

By Sean Barry - October 10, 2018

The U.S. pig iron market was stuck in a holding pattern in early October trading, with buyers remaining on the sidelines amid healthy inventory levels, and producers appearing unwilling to lower offers further due to a growing belief that prices have bottomed.
 

Chicago prime grades up $20, cut grades up $10 in October

By Bill Beck - October 10, 2018

A Chicago bear market that hit bottom in September when prices for all grades were down anywhere from $20 to $30 came roaring back in October when prime grades recovered the $20 they lost last month and cut grades were up $10 across the board.
 

Hamilton market up in October

By Bill Beck - October 10, 2018

 
Predictions for the Hamilton market were that ferrous scrap prices in Ontario would be up in October, in line with expected price increases in nearby U.S. markets. But when the market settled last Friday in advance of the three-day Canadian Thanksgiving Holiday, price increases were actually weaker than in Detroit, Cleveland or Pittsburgh.
 

Pacific Northwest markets up $10 in October

By Bill Beck - October 10, 2018

One Seattle dealer had a sure indication that the bleeding had stopped in the Pacific Northwest when one major consumer quietly raised prices mid-month to attract material and another major customer kept urging dealers to ship orders as September wore on. “Nucor did not cancel orders,” he said, “which means sideways at worst.”
 

Southern California up $10 in October

By Bill Beck - October 10, 2018

Southern California enjoyed its first up month since early summer, with prices up $10 across the board at both domestic mills and export yards. Some grades were bringing as much as a $20 premium over September prices in quiet deals.
 

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