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

Detroit, Ontario Markets Still Bearish On Prime in October

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. 
 

Detroit, Ontario Markets Down Sharply in September

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.
 

Detroit, Ontario markets sideways to down in August

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.
 

Detroit, Ontario markets sideways to up in July

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.
 

Detroit, Ontario markets up sharply in June trading

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.
 

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