Continuing Iron Age's Century-Long Tradition

Regional Market Reports

Why did prices go up in one city and not in another? Did local steel production increase? What are scrap prices going to do next month? The answers are in these reports.   

 

Chicago

Chicago market up $20 and $30 for the second straight month

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.

Chicago market posts gains of $20 on prime and $30 on cuts in December

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. 

Chicago market settlement was testy in November

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.

Chicago market settlement was easy In October

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.

Chicago sideways in September

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.”

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