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Metal Recycling News December 07, 2022 03:00:48 PM

Steel Scrap Prices- Market Update for Week Ending on 1st Dec, 2022

Paul Ploumis
ScrapMonster Author
Meantime, prices of #1 HMS and Structural Steel fell back over the week.

Steel Scrap Prices- Market Update for Week Ending on 1st Dec, 2022

SEATTLE (Scrap Monster):Based on price data compiled from the Scrap Monster Price Index, one could see that steel scrap prices exhibited mixed trends during the past one week period from 25th November, 2022 to 1st December, 2022.

North America Prices

The #1 Bundle and #1 Busheling prices edged higher on Index, recording weekly gain in prices by 3.13% and 2.94% respectively. The prices of HMS 80/20, Sheet Metal and Shredded Auto Scrap recorded no change over the previous week.

Meantime, prices of #1 HMS and Structural Steel fell back over the week.

The #1 HMS prices dropped from $280 per MT to $260 per MT over the week. (Refer the price chart provided below)

 

The chart below provides weekly price trends in Structural steel scrap:

USA East Coast Prices

The price of various steel scrap commodities was a mixed bag during the previous week. The prices of #1 Bundle and #1 Busheling surged, while those of HMS 80/20, Sheet Metal and Shredded Auto Scrap maintained previous week levels.

The scrap copper categories that recorded modest dip in prices included #1 HMS and Structural Steel.

USA Midwest Prices

The region reported marginal gains in prices of #1 Bundle and #1 Busheling week-on-week. No price variations were seen in HMS 80/20, Sheet Metal and Shredded Auto Scrap.

Meantime, #1 HMS and Structural Steel prices saw correction on a weekly basis.

USA West Coast Prices

The West Coast region #1 Bundle and #1 Busheling prices inched higher marginally by 3.13% and 2.94% respectively. The prices of HMS 80/20, Sheet Metal and Shredded Auto Scrap held on to its prior-week levels. Compared to last week, #1 HMS and Structural Steel prices ended lower.

China Prices

The Chinese steel scrap market has been flat during the week. The prices of #1 HMS and Cast Iron Scrap witnessed no change from the prior week. 

Europe Prices

The prices of all steel scrap commodities such as #1 HMS, Cast Iron Scrap, Grade 1 Old Steel, Grade 2 Old Steel, Grade OA Structural Plate, Sheet Metal, Shredded Auto Scrap and Structural Steel held steady when compared with the week before.

 

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