By Bill Beck - February 13, 2019
General market report for Chicago and St. Louis
After skidding $30 in January, prices in the Chicago and St. Louis markets stabilized in February. Prime grades remained soft though, down $20 for the month, while cut grades, shredded and turnings traded at sideways prices to January.
By Bill Beck - January 16, 2019
Thoughts of a second straight sideways market in Chicago and St. Louis evaporated early last week when a bellwether Detroit mill came into the market at down $30 across the board. Before the week ended, sellers in Chicago and St. Louis had offered mill buyers prime and cut scrap at a $30 discount to December prices. Sellers who had turnings to offer felt lucky at the end of the week if they were able to get them to mill buyers at a $60 discount to December numbers.
By Sean Barry - December 12, 2018
Prices for ferrous scrap in St. Louis consolidated gains made over the past two months as a slight increase in material flows put a dent in expectations earlier in the month that prices would rise again before the year-end.
By Sean Barry - November 12, 2018
Ferrous scrap in St. Louis built on gains booked in October as consumers continued to hold full buy programs amid strong end-user demand, while generation levels of certain grades eased.
By Sean Barry - October 10, 2018
Ferrous scrap in St. Louis clicked back up in October after suffering two straight months of price drops as mills and foundries continued to report strong order books and supplies of certain grades waned.