US H1 scrap prices remain unchanged at $163.50 per long ton

ALBANY (Scrap Monster): The US H1 scrap average prices were at $163.50 per long ton, as on 1^st February, 2016. The prices held steady upon comparison with the previous week. The prices had remained flat during the week prior to this.

The average price of US H1 scrap in Pittsburgh, Chicago and Philadelphia was $163.50 per long ton, remaining flat when compared with the previous week. The scrap prices had averaged at $163.50 per long ton as on 25^th January, 2016.

ALSO SEE US Scrap Prices

The H1 scrap average price in Pittsburg was $159.50 per long ton.  The average price held steady when compared with the previous week’s price. In Chicago the prices averaged at $172.50 per long ton. The prices here too remained unchanged when matched with the previous week. The average price in Philadelphia was $158.50 per long ton. The prices here too remained flat when compared with the week before.

Meantime, the weekly crude steel output surged higher by 1.7% during the week from January 30^th to February 6^th. The output jumped higher by 28,000 short tons to 1.685 million short tons during the week.