By Bill Beck - September 12, 2018
Chicago experienced a drawn out settlement in September that saw many grades not agreed upon until Monday morning. When all the dust had settled, prime grades and heavy melt were off $20, shredded and plate and structural grades were off $25, and turnings and borings were down $30.
By Bill Beck - August 15, 2018
After sliding sideways in June and July, Chicago prime grades finally bit the bullet and dropped $10 in August. Cut grades continued their summer swoon, dropping $20 in August on top of identical $10 dips in June and again in July.
By Bill Beck - July 11, 2018
Ferrous scrap prices in Chicago this month mirrored the June market, with prime grades up $10 and cut grades sideways.
By Bill Beck - June 13, 2018
Going into June, buyers and sellers had questions about the direction of the Chicago market, which had been sideways on prime grades and down $10 on cut grades in May.
By Bill Beck - May 16, 2018
Going into May, mills were talking about rescinding the plus $10 on prime grades and up $20 on cut grades they had paid in April. But pushback from dealers quickly saw the Windy City market settle at the same offers made in nearby Detroit: sideways on prime grades and down $10 on cut grades.