US H1 scrap prices rise sharply during the week

Metal Recycling News  |  2013-03-14 08:13:07   |   By Paul Ploumis

The average price of US H1 scrap is reported to have jumped significantly.

NEW YORK (Scrap Monster) : The average price of US H1 scrap is reported to have jumped significantly.

The average price in Pittsburgh, Chicago and Philadelphia were at US $ 372.50/ long ton as on March 11^th. The prices are seen significantly higher when compared to the prices during the previous week.

The average H1 scrap prices in Pittsburgh has soared by US$ 30/ long ton to touch US$369.5/long ton. The average prices in Chicago were at US$384.50/long ton, rising by US$36/long ton. In Philadelphia the average prices were at US$363.5/long ton, increasing by US$10/long ton. The increase in prices is based on the prices a week earlier.

The average H1 scrap elsewhere in New York, Boston and Houston were US$ 316.17/ long ton, marking a rise of US$ 5 per long ton from the prices a week ago.

Meanwhile, as a matter of fact, readers are requested to note that the exports of US H1 scrap fell during the year 2012 by 9.2% when compared to the previous year.

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