By Sean Barry - May 14, 2019
Pig iron prices in the United States quickly deteriorated in early May trading in the wake of crumbing domestic scrap prices and pressure from a wave of Brazilian high-phosphorous material hitting the market.
By Sean Barry - May 10, 2019
The ferrous scrap market in the United States logged further losses in May as mills pared back buy programs due to numerous maintenance outages and scrap flows continued to surge amid slack export trade and a booming industrial sector.
By Bill Beck - May 15, 2019
Prices in Chicago and St. Louis were off a solid $30 in May, putting prices $50 to $60 below where they were at the end of March. Logistics problems, including sustained flooding on the Upper Mississippi River, is making it difficult to ship scrap out of the Chicago district. As a result, material, particularly busheling and bundles, is backing up into Chicago and Indiana.
By Bill Beck - May 10, 2019
A glut of prime grade scrap, mill inventory reductions and lackluster export activity all combined to drive busheling and bundle prices down $40 per ton in the Detroit market in May. Cut grades and shredded were marginally stronger at down $30, while turnings and borings were off an average of $35 from April pricing.
By Bill Beck - April 8, 2019
Prices in the Chicago and St. Louis regions were off $20 to $30 for April, giving back the $20 bill they increased in March. Spring like weather that encourages the flow of ferrous scrap, coupled with difficulties shipping material by barge to consumers beset by flooding in the Lower Mississippi River Valley left much of Illinois, Indiana and Missouri awash in scrap.