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 - 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.
By Bill Beck - March 11, 2019
Prime grades in Chicago and St. Louis recouped $20 of the $50 they have lost since the first of the year, and all other grades with the exception of turnings and borings were also up $20 for the month. Cut grades in the two markets were sideways last month.
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.