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 follow Detroit lead for second straight month

By Bill Beck - June 10, 2021

Going into June, mills in Chicago and the Midwest realized that scarce supply of scrap and continued demand from export buyers dictated a hefty increase. Accordingly, they were out early in the month offering to buy at a $50 across-the-board premium to May pricing.
 

Chicago, St. Louis markets follow Detroit lead

By Bill Beck - May 11, 2021

When mills in Detroit offered to purchase prime grades at no change to April pricing and cut grades and shredded at a $20 premium to last month, many U.S. markets quickly followed suit. 
 

Chicago, St. Louis markets follow Detroit lead

By Bill Beck - April 13, 2021

What had appeared to have the potential for a long, drawn-out settlement in the Chicago and St. Louis markets early last week quickly turned around by mid-week. Detroit mills announced Tuesday that they would buy prime grades at no change to March prices, and offered down $20 on cut grades and shred.
 

Chicago, St. Louis markets resume bullish trend in March

By Bill Beck - March 9, 2021

A siege of brutal winter weather that stretched from Texas to the Great Lakes in the shortest month of the year and a continuing shortage of silicon chips that is slowing down North American automotive production contributed to a relatively quick March settlement.
 

Chicago, St. Louis markets tap the brakes in February

By Bill Beck - February 10, 2021

After increasing $90 for prime grades and $80 for cut grades in December, ferrous scrap was up another $80 to $100 in January. That came to a screeching halt in February, when mills pushed cut grades down $50 and held prime grades sideways in a fairly quick monthly settlement.
 

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