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Detroit Prices

Market Reports > Detroit

Detroit down $40 on primes, $30 on cut grades

By Bill Beck - October 11, 2017

In little more than a month’s time, Detroit has gone from a bull market to a bear market. In the week after Labor Day, the consensus in Detroit was that strong demand would bump prices for most grades of scrap anywhere from $10 to $30. That optimism quickly evaporated when area mills offered to buy scrap at no change from August prices, and most dealers quietly got in line for the sideways market.

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