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.”
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.
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.
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).
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.