By Bill Beck - September 12, 2018
After speculation that the market might be off as much as $40 or $50 because of weak export sales in the preceding month, Philadelphia settled late last week at down $20 on all grades. It was the second straight month that Philadelphia recorded a $20 drop in prices.
By Bill Beck - August 15, 2018
The $20 boost in prices for heavy melt and plate and structural scrap that Philadelphia area dealers received in July evaporated in the hot August sun. Cut grade prices dropped $20 across the board in August on weakening export sales off the East Coast.
By Bill Beck - July 11, 2018
After falling $25 during the past two months, heavy melt and plate and structural scrap roared back in the Philadelphia market in July, with both grades posting healthy $20 increases for the month.
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