By Bill Beck - October 12, 2021
A Detroit market that gave every expectation of being down sharply on prime grades again in October ended up down $20, while cut grades and shredded were unchanged from September pricing.
By Bill Beck - September 13, 2021
When Detroit mills entered the market the Thursday before the long Labor Day Holiday, it was no secret that buyers wanted to push pricing down for prime grades. They had been signaling for most of the week before the holiday that busheling and bundles would need to drop $50 in September trading.
By Bill Beck - August 9, 2021
In August, the Detroit market was somewhat of a mirror image of July. Last month, the Motor City was up $20 on prime grades and sideways on cut grades and shred. This month, Detroit settled at sideways on primes and down $20 on cut grades and shred.
By Bill Beck - July 12, 2021
After settling at up $60 for prime grades and plus $50 for cut grades in June, the Detroit market took a bit of a breather in July. When trading had been completed last Thursday, the Motor City was up $20 on prime grades and sideways across the board on shredded and cut grades.
By Bill Beck - June 10, 2021
Detroit was once again the first major market in North American ferrous scrap trading out of the chute in early June, with an offer to purchase prime grade scrap at a $60 premium from last month’s pricing, and up $50 on cut grades and shredded from May.