US H1 scrap average price drops by USD 31.34 per long ton

ALBANY (Scrap Monster): The US H1 scrap average prices were at $210.83 per long ton, as on 10^th August, 2015. The prices have dropped by US $31.34 per long ton when compared with the previous week. The prices have dropped after remaining flat for three consecutive weeks.

The average price of US H1 scrap in Pittsburgh, Chicago and Philadelphia was $210.83 per long ton, declining by $31.34 per long ton when compared with the previous week. The scrap prices had averaged at $242.17 per long ton during the week ended 3^rd August, 2015.  

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The H1 scrap average price in Pittsburg was $209.50 per long ton.  The average price witnessed decline of $25 per long ton when compared with the previous week’s price. In Chicago the prices averaged at $224.50 per long ton. The prices here dropped by $24 per long ton when matched with the previous week. The average price in Philadelphia was $198.50 per long ton. The prices here declined sharply by $45 per long ton when compared with the week before.

Meantime, the weekly crude steel output dropped slightly by 0.2% during the week from Aug 1^st to Aug 8^th. The output dropped by 4,000 short tons to 1.756 million short tons during the week.