Cincinnati Scrap Prices sideways on all grades
Headlines | 2013-06-17 14:22:13
Like most other markets in the nation, the Cincinnati district saw prices mostly at a standstill in June, as supply-and-demand were in enough balance to keep everything unchanged. This followed April and May’s combined $40 drops. "At the beginning of the month, there was an attempt to push prices down $10-$20," a Cincinnati dealer said.
By Paul Ploumis
Cincinnati(ScrapMonster): Like most other markets in the United States, the Cincinnati district saw scrap prices mostly at a standstill in June, as supply-and-demand were in enough balance to keep everything unchanged. This followed April and May’s combined $40 drops.
"At the beginning of the month, there was an attempt to push prices down $10-$20," a Cincinnati dealer said.
Market Overview No. 1 heavy melt |
| Consumers: AK (Middletown, Ohio), AK (Ashland, Ky.), Steel Dynamics, Nucor (Crawfordsville, Ind.) |
| Key delivered prices: $310-$340 |
Bulletin price (FOB dealer yard, weighted average): $279-$280 |
| No. 1 dealer bundles |
| Consumers: Gallatin, Steel Dynamics, AK Middletown, AK Ashland |
| Key delivered prices: $305-$350 |
Bulletin price (FOB dealer yard, weighted average): $274-$275 |
| No. 1 busheling |
| Consumers: Gallatin, Steel Dynamics |
| Key delivered prices: $315-$355 |
Bulletin price (FOB dealer yard, weighted average): $279-$280 |
| Shredded scrap |
| Consumers: AK Middletown, AK Ashland |
| Key delivered prices: $320-$350 |
Bulletin price (FOB dealer yard, weighted average): $309-$310 |
| Machine shop turnings |
| Consumers: Gallatin |
| Key delivered prices: $180-$210 |
Bulletin price (FOB dealer yard, weighted average): $164-$165 |
| Plate and structurals, 5 ft. and under |
| Consumers: AK Middletown, AK Ashland, Steel Dynamics |
| Key delivered prices: $310-$350 |
| Bulletin price (FOB dealer yard, weighted average): $309-$310 |
Courtesy : scrappricebulletin.com
