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.
By Bill Beck - April 11, 2018
After seeing prime grades up $10 in March and cut grades up $30 to $40, many dealers in Chicago fully expected to see more of the same in April. But those expectations were quickly brought down to earth, and the April market in the Windy City settled at up $10 on prime grades, up $20 on cut grades, and up $5 on turnings. When all the trades were settled, many in the Chicago market were left with the feeling that markets were unlikely to go much higher than they are right now.
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.