By Bill Beck - December 12, 2018
After two straight months of sharp gains, Chicago settled at sideways across the board in December. Some in the market had hoped for a third straight month of gains, but when Detroit mills came out at sideways numbers early in the first week of the month, Chicago followed suit within days.
By Bill Beck - November 12, 2018
For the second straight month, Chicago registered sharp gains in November. The $10 increase in prime grades and $20 gain for shredded and secondary grades means that the Windy City has not jumped $30 across the board since hitting bottom in September.
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.
By Bill Beck - September 12, 2018
Chicago experienced a drawn out settlement in September that saw many grades not agreed upon until Monday morning. When all the dust had settled, prime grades and heavy melt were off $20, shredded and plate and structural grades were off $25, and turnings and borings were down $30.
By Bill Beck - August 15, 2018
After sliding sideways in June and July, Chicago prime grades finally bit the bullet and dropped $10 in August. Cut grades continued their summer swoon, dropping $20 in August on top of identical $10 dips in June and again in July.