Loading prices...

Register/Sign in
ScrapMonster
Sell Your Junk CarGet an instant quote for your car on ScrapMonster.com
Market Reports March 31, 2023 09:10:01 PM

Weekly Market Report: Steel Scrap Prices- 31st March, 2023

Paul Ploumis
ScrapMonster Author
The LME Steel Scrap CFR Turkey (Platts) Month 2 Closing price as on 30th March, 2023 stood at $435.00 per tonne.

Weekly Market Report: Steel Scrap Prices- 31st March, 2023

SEATTLE (Scrap Monster):Based on price data compiled from the Scrap Monster Price Index, one could see that steel scrap prices Surged higher modestly during the past one week period from 24th March, 2023 to 30th March, 2023.

North America Prices

The #1 Bundle and #1 Busheling prices recorded biggest gains on Index, increasing by 4.95% and 4.76% respectively.

The chart below provides weekly price trends in #1 Bundle in the North American region:

The prices of Shredded Auto Scrap too were up marginally during the week.

#1 HMS, HMS 80/20, Sheet Metal and Structural Steel recorded no change over the previous week.

 

USA East Coast Prices

The price of various steel scrap commodities soared during the previous week. The prices of #1 Bundle and #1 Busheling increased the most. The #1 Bundle prices edged higher by $25 per MT, rising from $505 per Mt at the start of the week to $530 per MT by 30th March, 2023.

The weekly price movement in #1 Busheling during the prior week is depicted in the following chart:

 

Meantime, #1 HMS, HMS 80/20, Sheet Metal and Structural Steel maintained previous week’s price levels.

 

USA Midwest Prices

The region reported modest surge in prices of #1 Busheling and #1 Bundle week-on-week. The prices of Shredded Auto Scrap too witnessed marginal upside movement.

The price chart of Shredded Auto Scrap is given below:

 

Meantime, #1 HMS, HMS 80/20, Sheet Metal and Structural Steel prices held steady over the previous week.

 

USA West Coast Prices

The #1 Bundle and #1 Busheling prices recorded biggest gains on Index, increasing by 4.95% and 4.76% respectively.

The prices of Shredded Auto Scrap too were up during the week.

#1 HMS, HMS 80/20, Sheet Metal and Structural Steel too recorded no change in prices over the previous week.

China Prices

The Chinese steel scrap market has been 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.

 

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.

The price variation in Cast Iron Metal scrap over the one-week period from 24th to 30th March, 2023 is provided in the below chart.

 

 

LME Steel Market Update

The LME Steel Scrap CFR Turkey (Platts) Month 2 Closing price as on 30th March, 2023 stood at $435.00 per tonne.

The LME Steel Rebar FOB Turkey (Platts) Month 2 Contract closed at $683.50 per tonne.

Meantime, LME Steel HRC North America (Platts) LME Steel Scrap CFR India (Platts) Month 2 prices as on 30th March, 2023 closed at $1,160.00 per tonne and $456.50 per tonne respectively.

 

Subscribe to Scrap Monster Live Scrap Prices

×

Quick Search

Advanced Search