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.   


St. Louis

Chicago, St. Louis markets down In February

By Bill Beck - February 10, 2020

A Chicago market that has been relentlessly bullish since early November, gaining $70 to $80 in the past three months, finally slowed down in February. Weak export sales in much of eastern North America depressed prices, and Chicago mills were off $10 for prime grades and down $20 for shred and cut grades.

Chicago, St. Louis markets up another $30

By Bill Beck - January 13, 2020

When Detroit mills quickly settled early last week at up $30 across the board from December prices, there was some concern that Chicago mills might hold out for a $20 premium to December pricing. But by late last Tuesday, mills from Iowa and Nebraska south to the Ohio River had all fallen in line with the $30 increase, the third double digit bump since last November.

Chicago and St. Louis up $30 in December

By Bill Beck - December 9, 2019

A Midwest market that has been mired in a relentless downward spiral for most of the summer and fall ended the year on a high note. A $30 per gross ton jump across the board in both Chicago and St. Louis, coupled with a $20 increase in November, was the first back-to-back monthly increase in the region in over a year.

Chicago and St. Louis gain back half of October losses

By Bill Beck - November 11, 2019

After two straight months of $40 per gross ton drops for prime grades in the two big Midwest markets, Chicago and St. Louis were hoping that the November settlement would be $10, but not discounting the possibility that the markets could be sideways.

Chicago and St. Louis down $35 and $40 again in October

By Bill Beck - October 11, 2019

Beset by mill maintenance outages, lackluster exports, and the effects of a lengthening strike against General Motors, ferrous scrap prices continued their search for the bottom, with prices in Chicago and St. Louis off $40 for prime grades and $35 for cut grades. Only turnings bucked the deep downward trend, dropping $10 for the month on strong demand from mills in the South.

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