Continuing Iron Age's Century-Long Tradition

Regional Market Reports

Why did prices go up in one city and not in another? Did local steel production increase? What are scrap prices going to do next month? The answers are in these reports.   

 

Chicago

Chicago and St. Louis off $30 on most grades

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.
 

Chicago, St. Louis markets down sharply

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.
 

Chicago and St. Louis up $20 on just about all grades

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.
 

Chicago And St. Louis down another $20 on prime, sideways on cut grades

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.
 
 

Chicago and St. Louis down $30 to start 2019

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.
 

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