US H1 scrap prices rise to $438.83/ long ton

CHICAGO (Scrap Monster): Average prices of US H1 scrap in Pittsburgh, Chicago and Philadelphia have risen by US $51.66/long ton to US $438.83/long ton the other. The current price levels are at 29 month high, according to market analysts.

Among them, the prices of the US H1 scrap in Pittsburgh was at US$439.5/long ton, up by US$60/long ton; that in Chicago at US$443.5/long ton, soared by US$60/ long ton; that in Philadelphia was at US$433.5/ton, increased by US$35/long ton.

Besides, the prices of No.2 bundle scrap have increased by US$57.5/long ton to US$372/long ton. (Courtesy: Yieh Corp)