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.   

 

Detroit

Detroit, Ontario markets diverge in May trading

By Bill Beck - May 11, 2021

Detroit got the ball rolling in the North American ferrous scrap market early in the first full week of May when mills in the Motor City offered to purchase prime grades at no change to April pricing and cut grades and shredded at a $20 premium to last month.
 

Detroit, Ontario markets settle quickly, amicably

By Bill Beck - April 13, 2021

An April market that settled quickly early last week with little drama saw prime grades sideways and cut grades and shredded off $20 from March prices in the Detroit market. Ontario markets trailed Detroit slightly, with prime grades off $4 CAD a net ton, and cut grades down $25 CAD per net ton. Adjusted for currency exchange and gross tonnage, that works out to a drop of about $22 USD for cut grades.
 

Quick settlements in Detroit, Ontario markets push prices sharply higher

By Bill Beck - March 9, 2021

What had been expected to be a perhaps protracted March settlement was over and done with by early afternoon last Friday. AK Steel set the tone just after noon Thursday, offering to buy prime grades up $70 from February prices and shredded and cut grades at up $50 from a month ago. Detroit mills quickly followed suit at the same levels.
 

Quick settlements in Detroit, Ontario markets push prices sharply higher

By Bill Beck - March 9, 2021

What had been expected to be a perhaps protracted March settlement was over and done with by early afternoon last Friday. AK Steel set the tone just after noon Thursday, offering to buy prime grades up $70 from February prices and shredded and cut grades at up $50 from a month ago. Detroit mills quickly followed suit at the same levels.
 

Cut grades pull back in Detroit, Ontario markets

By Bill Beck - February 10, 2021

The February market settled quickly last week, with prices in Detroit sideways for prime grades, off $50 for cut grades, and down $60 for shredded material. In nearby Canada, prices settled at similar levels, up $5 CAD for prime grades, down $50 CAD for cut grades, and off $65 CAD for shredded scrap.
 

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