By Bill Beck - March 14, 2018
After going sideways across the board and wrapping up trading before the first weekend of the month rolled around last month, Chicago moved sharply up after 10 days of intense negotiations to establish a market. Prime grades were up $10, cut grades jumped $30, and shredded, depending upon mills and location, was up $35 to $40.
By Bill Beck - February 14, 2018
“It was a pretty easy month” is the way one Chicago broker summed up the ferrous scrap market locally in February.
By Bill Beck - January 10, 2018
For the second straight month, Chicago followed the lead of nearby Detroit and raised the price of prime grades $20 and cut grades $30. Shredded scrap was the most sought-after grade in the Windy City market, up $25 from December, with some remote sales reported at up $40 from last month.
By Bill Beck - December 13, 2017
The ferrous scrap market in Chicago booked healthy gains in December on the continuation of healthy export trade and robust demand from domestic buyers.
By Bill Beck - November 15, 2017
The settlement on scrap pricing last month in Chicago was easy. Almost everyone in the market accepted the inevitability of a drop in pricing that saw prime grades plunge $40, with cut grades off $30.