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 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.

 

Chicago, St. Louis markets down In February

By Bill Beck - February 10, 2020

 
A Chicago market that has been relentlessly bullish since early November, gaining $70 to $80 in the past three months, finally slowed down in February. Weak export sales in much of eastern North America depressed prices, and Chicago mills were off $10 for prime grades and down $20 for shred and cut grades.
 

Scrap markets mixed in Feb as oversupply sinks prices

By Sean Barry - February 10, 2020

The drop in North American ferrous scrap prices were all across the map in February as local conditions drove pricing movements in certain markets, with southern parts of the country largely experiencing deeper discounts compared to the north.
 

Detroit, Ontario markets experience February correction

By Bill Beck - February 10, 2020

After three months of registering double digit price increases, Detroit and Ontario ferrous scrap markets were due for the inevitable correction. That came in February, when 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. 
 

Chicago, St. Louis markets up another $30

By Bill Beck - January 13, 2020

When Detroit mills quickly settled early last week at up $30 across the board from December prices, there was some concern that Chicago mills might hold out for a $20 premium to December pricing. But by late last Tuesday, mills from Iowa and Nebraska south to the Ohio River had all fallen in line with the $30 increase, the third double digit bump since last November.

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