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.   

 

Detroit

Detroit, Hamilton off $40 on prime grades in May

By Bill Beck - May 10, 2019

A glut of prime grade scrap, mill inventory reductions and lackluster export activity all combined to drive busheling and bundle prices down $40 per ton in the Detroit market in May. Cut grades and shredded were marginally stronger at down $30, while turnings and borings were off an average of $35 from April pricing.
 

Detroit down $20, Ontario down slightly less

By Bill Beck - April 8, 2019

What the market giveth, the market just as quickly taketh away. Last month, Michigan markets were up $20 across the board. This month, they were right back down the same $20 across the board.
 

Detroit, Hamilton up across the board

By Bill Beck - March 11, 2019

Continued strong mill demand and winter weather that lingers along the Great Lakes and impacts ferrous scrap flow combined to put upward pressure on prices for March. Detroit was up $20 across the board, with the exception of turnings and borings, which increased $10. Hamilton was up $30 CDN for all grades. 
 

Detroit, Hamilton down $20 on primes, sideways on cuts

By Bill Beck - February 13, 2019

General market report for Detroit and Hamilton
 
Following one of the most brutal stretches of cold weather in more than two decades, cut grades in Detroit opened the February market sideways. That’s still off $30 from December prices, but an indication that shredded and plate and structural grades are in increasingly tight supply. In Canada, Hamilton mills were offering to buy cut grades at down $5 Cdn from January prices, which is equal to $4 U.S.
 

Detroit, Hamilton soft sideways turns into hard landing

By Bill Beck - January 16, 2019

After going sideways in December, the Detroit market was poised to drop in January. Most in the Motor City ferrous scrap market were hoping for a soft sideways, but when Northstar Bluescope finally made the market early last week, the soft sideways turned into a hard fall. Prices were off $30 across the board, with turnings unable to find a home anywhere at anything better than down $60 from December numbers.
 
 

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