By Bill Beck - July 11, 2019
When a consortium of Detroit-area mills announced early the week of July 4th that they would be buying ferrous scrap for July at a $10 discount to June prices, everyone expected that Chicago would quickly follow suit.
By Sean Barry - June 11, 2019
The ferrous scrap market in the United States continued to be pummeled in June in the wake of diminished demand and a lingering oversupply of material, with most grades losing another $30 compared with the month prior.
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 Sean Barry - April 8, 2019
Ferrous scrap prices fell in April as an oversupply of material outweighed the impact of lingering delays on the river network, with prices crumbling anywhere between $20 to $30 per gross ton from last month.
By Sean Barry - March 11, 2019
Prices for obsolete and prime grades of ferrous scrap in the south of the country booked a $20 per gross ton rise in March as domestic and overseas demand for material remained healthy, while a blast of cold weather conditions in the north and Midwest slowed deliveries and generation levels this month.