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.
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.
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.
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.
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.