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.   


Stable demand keeps US pig iron prices firm

By Staff - March 11, 2020

Basic pig iron sales in the US remain steady as domestic steelmakers are in competition with other countries amid strong global demand and short supply, which has created a sellers’ market.  

Chicago, St. Louis markets a soft sideways in March

By Bill Beck - March 10, 2020

In late February, markets in Chicago and St. Louis appeared poised for a strong comeback from February, when mills were off $10 for prime grades and down $20 for shred and cut grades.

Detroit, Ontario markets settle for lower expectations

By Bill Beck - March 10, 2020

After mills in Detroit reduced the prices on prime grades by $10 per gross ton and dropped the price they would pay for cut grades and shredded scrap by $20 per gross ton in February, expectations were that the market would recover all of that and perhaps more in March.

Cautious buy programs and virus concerns send markets soft sideways

By Sean Barry - March 9, 2020

Ferrous scrap prices in North America booked a soft sideways move in March amid growing uncertainty over the spread of the novel coronavirus (2019-nCoV), while a scheduled 4-day maintenance outage at Bluescope-Delta helped put a cap on the upside potential for scrap pricing.

Pig iron market bracing for headwinds in Feb

By Staff - February 11, 2020

A combination of a downward momentum in US scrap prices, concern that March may be another tough month and the slowdown in China due to the coronavirus has pushed US pig iron buyers to the sidelines for now as they sift through clues suggesting prices may retreat.


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