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.   

 

Cincinnati

Detroit, Ohio, Hamilton Down, But Market At Bottom?

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.

Soft demand keeps market under pressure in June

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.
 

Scrap prices continue to book losses in May on supply glut

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. 
 

Oversupply pushes scrap prices lower in April

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.
 

Strong demand and river woes push prices up in Ohio Valley and Pittsburgh in March

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.
 

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