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.   

 

Chicago

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.”
 

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.
 

Chicago, St. Louis markets bounce back from disastrous April

By Bill Beck - May 11, 2020

At the end of last month, pessimists weren’t expecting much of the May market. The unprecedented nature of the spread of novel coronavirus (2019-nCoV) had many thinking that the month would see a strong uptick for prime grades and perhaps a strong sideways on everything else. 
 

Chicago, St. Louis markets reeling from onset of virus

By Bill Beck - April 14, 2020

“Everything is in such chaos.” That was the assessment of a Midwest broker after the Chicago market settled down $30 for prime grades and down $50 for cuts and shredded grades in April as much of the US economy was on lockdown to halt the spread of the novel coronavirus (2019-nCoV).
 

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.
 

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