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.
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
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.
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.
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.