By Bill Beck - October 11, 2019
Beset by mill maintenance outages, lackluster exports, and the effects of a lengthening strike against General Motors, ferrous scrap prices continued their search for the bottom, with prices in Chicago and St. Louis off $40 for prime grades and $35 for cut grades. Only turnings bucked the deep downward trend, dropping $10 for the month on strong demand from mills in the South.
By Bill Beck - September 10, 2019
Prices for prime scrap in the Chicago and St. Louis regions were off $40 in September, giving back the $20 bill they increased in August. Cut grades experienced a $30 drop across the board for the month.
By Bill Beck - August 13, 2019
After undergoing one of the more contentious settlements in recent years last month, Chicago quietly followed Michigan and Ohio mills in the middle of last week, settling at up $20 across the board - with the exception of machine shop turnings, which shot up nearly $70.
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 Bill Beck - June 11, 2019
Prices that tumbled another $30 in the Chicago and St. Louis markets in June have some brokers that sell into the region’s foundries thinking that decreased flow in the coming months will finally send prices back on an upward trend.