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.   

 

Hamilton, Ontario

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.
 

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.
 

Detroit, Ontario markets experience unprecedented price hikes - again

By Bill Beck - January 13, 2021

When prices surged sharply higher in December, many observers of the Detroit and Hamilton ferrous scrap markets expected that January would be a time for dealers, brokers and buyers to catch their breath and assess where markets were headed for 2021.
 

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