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.   

 

Hamilton, Ontario

Hamilton market up in June

By Bill Beck - June 13, 2018

For the second straight month, the Hamilton ferrous scrap market was one of the strongest in North America. Prime grades in Ontario were up $13 Cdn, while cut grades were up $2 Cdn. That $2 Cdn is just over $1.50 U.S., but that’s $1.50 more than cut grades were attracting in nearby U.S. markets.
 

Hamilton market mixed in May

By Bill Beck - May 16, 2018

The Hamilton market reflected market conditions in nearby U.S. districts, dropping $10 Cdn for most cut grades and increasing $3 Cdn for prime grades. That’s equivalent to $2.30 U.S. for prime grades and $8 for cut grades. In effect, cut grades in the Hamilton market in May gave back the $10 Cdn they went up in April.
 

Hamilton market appears to have peaked

By Bill Beck - April 11, 2018

After jumping $24 Cdn for prime grades and $40 Cdn for cut grades in March, the Hamilton market for ferrous scrap pulled in its horns in April. Prime grades were up $7 Cdn, while cut grades increased $10 Cdn. That’s equivalent to $5.50 U.S. for prime grades and $8 for cut grades.
 

Hamilton market up strong in March

By Bill Beck - March 14, 2018

After being one of the few markets in North America to buck February’s sideways trend, Hamilton was up sharply in March. 
 

Hamilton dips in February on stronger currency

By Bill Beck - February 14, 2018

One of the few markets in North America to buck February’s sideways trend was in Hamilton, Ontario, where prices dropped $8 Cdn across the board from January. But that drop reflected changes in the currency exchange rates more than underlying weakness in the scrap market. 

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