By Bill Beck - July 11, 2018
For the second straight month, Detroit was the first U.S market out of the box in July, with prime grades up $10 and cut grades sideways to June prices.
By Bill Beck - June 13, 2018
For the second straight month, Detroit settled early in June, with prime grades up $10 and cut grades sideways to May prices.
By Bill Beck - May 16, 2018
Detroit settled swiftly early in May, with prime grades sideways and cut grades giving back $10 of the $15 they increased in April. Expectations that cut grades would be off more, and that prime grades would be down $10 failed to materialize when a local mill set the market on the first Friday of the month.
By Bill Beck - April 11, 2018
When the Detroit market began trading early last week, expectations were high that ferrous scrap would be up sharply, at least as much as the $20 increase on cut grades the market reported in March.
By Bill Beck - March 14, 2018
Detroit mills continued to set the pace for North American scrap sales in March, coming out on the second day of the month sideways on prime grades and up $20 on cut grades. But this time, nearby markets did not follow suit. Chicago was up $10 on prime grades and up $30-$35 on cut grades and shredded, while Ontario mills were up $30 U.S. on cut grades and up $18 U.S. on prime grades.