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.   


Pig iron prices stable but facing headwinds

By Staff - June 11, 2019

Pig iron prices are showing modest signs of fatigue but could be facing further drops due to a severe correction in the price of prime grades of ferrous scrap. 

Soft demand keeps market under pressure in June

By Sean Barry - June 11, 2019

The ferrous scrap market in the United States continued to be pummeled in June in the wake of diminished demand and a lingering oversupply of material, with most grades losing another $30 compared with the month prior.

Markets in Detroit, Ontario continue to fall

By Bill Beck - June 11, 2019

The relentless downward pressure on ferrous scrap markets has pushed prices in Detroit and nearby Hamilton down $70 to $80 in just the past two months. A market that appeared at Memorial Day to be sideways to maybe even up a little bit quickly deteriorated in the last week of May and into the first week of June. When settlement was finally reached in the middle of last week, prices were off $30 across the board in Detroit, and $37 net ton CDN in nearby Ontario.

Chicago, St. Louis markets down sharply again

By Bill Beck - June 11, 2019

Prices that tumbled another $30 in the Chicago and St. Louis markets in June have some brokers that sell into the region’s foundries thinking that decreased flow in the coming months will finally send prices back on an upward trend.

US pig iron market slips in early May trading on scrap collapse

By Sean Barry - May 14, 2019

Pig iron prices in the United States quickly deteriorated in early May trading in the wake of crumbing domestic scrap prices and pressure from a wave of Brazilian high-phosphorous material hitting the market.

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