US H1 scrap average prices remain flat for third week in a row

ALBANY (Scrap Monster): The US H1 scrap average prices were at $242.17 per long ton, as on 3^rd August, 2015. The prices remained unchanged when compared with the previous week. This is the third consecutive week that the average scrap prices have remained unchanged.

The average price of US H1 scrap in Pittsburgh, Chicago and Philadelphia was $242.17 per long ton, holding steady when compared with the previous week. The scrap prices had averaged at $242.17 per long ton during the week ended 20^th July, 2015.  

ALSO SEE US Scrap Prices

The H1 scrap average price in Pittsburg was $234.50 per long ton.  The average price witnessed no change when compared with the previous week’s price. In Chicago the prices averaged at $248.50 per long ton. The prices here too remained flat when matched with the previous week. The average price in Philadelphia was $243.50 per long ton. The prices here remained unchanged when compared with the week before.

Meantime, the weekly crude steel output climbed higher by 1.1% during the week from July 25^th to Aug 1^st. The output increased by 20,000 short tons to 1.760 million short tons during the week.