All posts tagged US steel prices

Scrap Price Updates

by admin on January 10, 2011

Two updates to share today – both from Steel Business Briefing…

Turkish imported scrap prices keep soaring

Turkish imported scrap offer prices have already crossed $500/t levels but the transactions have slowed down this week, Steel Business Briefing learns from the market sources.

The latest confirmed deep sea cargo was a composite cargo of 16,000 tonnes of HMS 1&2 70:30, 8,000t HMS 1, 3,000t of rail scrap and 3,000 tonnes of P&S; it was sold at $498/t cfr from an EU supplier.

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US scrap prices still rising; could hit $500 for shredded

US shredded scrap prices were about $460/long ton delivered mill last week, according to a recent survey, and will likely continue to climb, Steel Business Briefing understands.

That’s up about $50/l.t from the beginning of December, when prices were about $410/l.t.


Market sources predict March US scrap prices to rise

by admin on March 1, 2010

March’s US scrap market could be “coming in like a lion” with strong prices, one Mid-Atlantic states scrap dealer tells Steel Business Briefing.

“By all accounts the mills have strong order books, and are projecting good business. On the other side, incoming scrap has been severely impacted by the weather, as has transportation, especially rail service. The result will be an up market for scrap-probably a significant ‘up,’” he believes.


RMDAS September US scrap prices on the rise again

by admin on September 28, 2009

September US scrap prices for various grades have risen anywhere from $15-$24/long ton over the previous month, according to a ferrous scrap price index compiled by Pittsburgh-based Management Science Associates (MSA).

MSA’s RMDAS (Raw Material Data Aggregation Service) shows prices are up in all US regions, across the board, for prompt industrial composite, No 1 heavy melting (HMS) and shredded No 2 scrap.