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.
By Bill Beck - October 11, 2017
A market that appeared to have all the ingredients for a bruising fight between sellers and buyers settled surprisingly swiftly last Wednesday and Thursday. Deals were made and orders began shipping at down $30 for most cut grades and down $40 for prime grades.
By Bill Beck - September 13, 2017
“In my experience,” said one longtime Chicago broker, “this was the first time where perception wasn’t reality in the short term. When everybody thinks the market is going up, it’s going up.”