By Bill Beck - July 11, 2019
After dropping $70 in May and June, ferrous scrap prices in Detroit and Hamilton slowed their downward momentum in July. Two days before the industry in the United States took its extended July 4th holiday, a consortium of Detroit mills announced it would buy scrap at a $10 discount to June numbers. Canadian mills, which had celebrated their three-day Canada Day holiday earlier in the week, waited until late this past Monday to bring prices off $18 Cdn for prime grades and $15 Cdn for cut grades for the month.
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
Ferrous scrap prices in Pittsburgh and the Ohio Valley made their first move upwards this year amid strong domestic and overseas demand, while supply flows eased slightly due to lost days from harsh winter weather last month and problems on the country’s inland river system.