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.   

 

Hamilton, Ontario

Markets in Detroit, Ontario continue to fall

By Bill Beck - June 11, 2019

The relentless downward pressure on ferrous scrap markets has pushed prices in Detroit and nearby Hamilton down $70 to $80 in just the past two months. A market that appeared at Memorial Day to be sideways to maybe even up a little bit quickly deteriorated in the last week of May and into the first week of June. When settlement was finally reached in the middle of last week, prices were off $30 across the board in Detroit, and $37 net ton CDN in nearby Ontario.
 

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.
 

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