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SEATTLE (Scrap Monster):The weekly analysis of the Scrap Monster Price Index data suggests that steel scrap prices in all regions witnessed no change during the past one week period from 5th to 11th, April, 2024.
The #1 Bundle and #1 Busheling prices held steady over the week.
The price movement of #1 Busheling over the week is depicted below:
#1 HMS and HMS 80/20 prices too were flat on Index during the week.
The Sheet Metal prices witnessed no change from previous week’s level of $245 per MT.
Also, no price change was seen in Shredded Auto Scrap and Structural Steel.
The price of various steel scrap commodities were stagnant during the previous week. The prices of #1 Bundle, #1 Busheling, #1 HMS, HMS 80/20, Sheet Metal and Shredded Auto Scrap held steady.
Also, the Structural Steel prices remained unchanged at $330 per MT on Index.
The price chart of Shredded Auto Scrap for the week ended 11th April, 2024 is given below:
The region reported flat prices for various steel scrap categories. The below chart represents the variation in prices of Sheet Metal over the previous week:
The West Coast region steel scrap prices were unmoved, compared to the previous week.
The prices of HMS 80/20, #1 HMS, Sheet Metal, #1 Busheling, Structural Steel, Shredded Auto Scrap and #1 Bundle posted no change from prior-week levels.
The Chinese steel scrap market remained flat during the week. The prices of Cast Iron Scrap witnessed no change from the prior week. #1 HMS prices held steady, as shown in the below chart.
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.
The price variation in Cast Iron Scrap over the one-week period from 5th to 11th April, 2024 is provided in the below chart.
The LME Steel Scrap CFR Turkey (Platts) Month 2 Closing price as on 11th April, 2024 stood at $381.00 per tonne.
The LME Steel Rebar FOB Turkey (Platts) Month 2 Contract closed at $578.00 per tonne, slightly down upon comparison with the close of the previous week.
Meantime, LME Steel Scrap CFR India (Platts) Month 2 prices as on 11th April, 2024 closed at $404.00 per tonne, marginally higher over the previous week.
| Copper Scrap View All | |
| Alternator | 0.32 (0) |
| #1 Copper Bare Bright | 3.78 (0.03) |
| Aluminum Scrap View All | |
| 356 Aluminum Wheels (Clean) | 0.73 (0) |
| 6061 Extrusions | 0.64 (0) |
| Steel Scrap View All | |
| #1 Bundle | 460.00 (0) |
| #1 Busheling | 480.00 (0) |
| Electronics Scrap View All | |
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