Scrap Metal Prices

CME METAL Prices  

SHFE METAL Prices

Scrap Metal Prices & Recycling News
olympus-ims.com
oxford-instruments.com
Steel scrap prices soar on rising demand from US mills
Lead poisoning rampant in India battery recycling
Ucore Rare Metals acquires rare earth prospective land in Alaska

Steel scrap prices soar on rising demand from US mills

By (ScrapMonster Author)
June 06, 2011 05:34:39 AM
Steel scrap prices soared by $20 per ton in the first week of June due to strong support orders off east coast of US; and as mill buyers in Midwest are on a buying spree to secure supplies for the next two months.

DAWSONVILLE (Scrap Monster): Steel scrap prices soared by $20 per ton in the first week of June due to strong support orders off east coast of US; and as mill buyers in Midwest are on a buying spree to secure supplies for the next two months.

Ferrous scrap prices were supposed to be sideways to up a few dollars this month. However, it has been reported by Steel and Market Update that approximately 8 cargoes (approx. 350,000 metric tons) of mixed scrap grades, have been booked to Turkey at higher prices than at the beginning of May.

Also, domestic mills entered the June market trying to buy sideways with little luck. Prices for scrap were approximately $20 per ton higher than what was being sold in early May. However, the selling prices were slightly lower in the east.

Price of #1 Heavy Melt (HMS) was $420 per long ton in the Midwest and $410-$415 per long ton on the east coast. Shredded Scrap in the Midwest and east coast was consistently $455 per long ton. #1 Busheling was $510 per long ton in the Midwest.

Last week, the domestic market for pig iron was weak, although the Russian/Ukrainian market was a bit stronger at $530 metric ton FOB Black Sea.

It has been anticipated that the rise in scrap prices could assist the domestic steel mills in their attempts to put a bottom to flat rolled prices and possibly affect buyers to pay up for steel over the next few weeks. 

Also Read:
Start a discussion or add a comment
360
September 28th 2016
The ISRI Copper Roundtable was moderated by Greenland America Inc.’s Randy Goodman. The speakers included Chris Lewon of Utah Metal…
September 27th 2016
Among base nonferrous metals, Aluminum is the most widely used in the US. The aluminum metal recovered from purchased new…
September 27th 2016
Washington-headquartered Institute of Scrap Recycling Industries (ISRI) has announced the release of the 2016 Scrap Yearbook.
September 26th 2016
The latest official trade statistics released by various Asian countries indicate significant surge in ferrous scrap import volumes.
Paul Ploumis

Paul Ploumis
(ScrapMonster Author)

Paul Ploumis is the Scrap Monster Founder and CEO.  With years of experience in the Scrap and Recycling industry, he
Scrap Metal Prices
ItemPriceUnit
Old Sheet0.47$US / Lb
6063 Extrusions0.61$US / Lb
6061 Extrusions0.55$US / Lb
Zorba 90% NF0.51$US / Lb
#2 Copper Wire and Tubing1.78$US / Lb
Scrap Electric Motors 0.18$US / Lb
C
Glass/Fiberglass Recycling
Elgin
S
Glass/Fiberglass Recycling
Hartford City
V
Oil & Gas
Vancouver
V
Oil & Gas
Calgary
E
Glass/Fiberglass Recycling
Chicago