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.   

 

Philadelphia

Philadelphia market continues to drop in June

By Bill Beck - June 13, 2018

Philadelphia bucked a national ferrous scrap market that was generally sideways on cut grades and up $10 on prime grades, the result of slack demand from both export yards and local mils.
 

Philadelphia market loses ground in May

By Bill Beck - May 16, 2018

After inching up in April, the Philadelphia market contracted in May, with nearly all cut grades dropping $15 to $20. No. 1 heavy melt and plate and structural scrap were trading at $325 and $335 respectively, off $20 from April pricing. Shredded gave back most of the $20 it gained in April
 

Philadelphia market inches up in April

By Bill Beck - April 11, 2018

Philadelphia continued its upward trend in April, with cut grades adding $10 to the $15 they went up in March, and shredded up nearly another $20 on top of the $20 increase it reported last month. Prime grades and turnings remained the weaker grades in the market, up $5 after going sideways in March.
 

Cut grades up, primes sideways in Philadelphia

By Bill Beck - March 14, 2018

The Philadelphia market recaptured much of February’s $10 drop in March. Cut grades were up $15 in the City of Brotherly Love, while shredded was up $20. Prime grades were sideways, which inched shredded $3 ahead of busheling, culminating a months-long turnaround in the premium between busheling and shredded.
 

Philadelphia market drops back on slowing exports

By Bill Beck - February 14, 2018

After gaining $50 to $60 in December and January, the Philadelphia market hit the pause button in February and dropped an average of $10 on most grades. Driving the slowdown was an East Coast export market that had been on a steadily upward trajectory since Thanksgiving and began dropping prices at the docks in mid-January when Turkish buyers backed away.
 

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