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.   

 

US pig iron market continues to move higher on increased demand

By Sean Barry - July 13, 2020

US pig iron prices continued their upward trajectory over the past month as US steel mill and foundry demand slowly improves, while robust Chinese buying keeps supplies under pressure in both Brazil and the Commonwealth of Independent States (CIS).
 

Chicago, St. Louis markets see sharp drop in prime grades

By Bill Beck - July 13, 2020

After Detroit settled off $40 for prime grades mid-week, it was only a matter of time before dealers and brokers in Chicago, St. Louis and the Midwest bowed to the inevitable. “I ended up selling Busheling down $40,” one St. Louis broker said late last Friday. “I was kind of sorry it took so long but felt I had nothing to lose waiting it out.”
 

Detroit, Ontario markets give back spring gains

By Bill Beck - July 13, 2020

After reporting a strong sideways movement for ferrous scrap in June that saw prime grades up $10, shredded down $10 and just about everything else sideways in Detroit and nearby Ontario, markets in the Great Lakes region peddled backwards in July. Prime grades dropped $40 in the Motor City and shredded and cut grades were off $20 from the June settlement. Turnings and borings, in short supply in recent months, were sideways to off slightly.
 

Slack demand and lingering oversupply weigh heavy on July scrap prices

By Sean Barry - July 13, 2020

Ferrous scrap prices in North America came under downside pressure in July as an uptick in generation levels was met by relatively flat demand.
 

Chicago, St. Louis markets a strong sideways for June

By Bill Beck - June 9, 2020

After Detroit settled mid-week, it was pretty cut and dried that Chicago and St. Louis would settle at similar numbers. And by the end of the week, both markets had settled at up $10 for prime grades and sideways for cut grades. Chicago was down $10 on shredded, while stronger demand from mills in the mid-South kept shredded sideways in the St. Louis market.