According to sources close to SteelOrbis, the larger Midwest region has settled June scrap transactions as per the table below. Sources note that all grades encountered a decline of $5/mt to $15/mt in individual transactions compared to May numbers except prime grades such as busheling and #1 bundles, as they maintain strong demand and tight supply.
Note: Change is not denoted as specifically this region was not reported separately by SteelOrbis in May.
(delivered to customer) | June |
HMS I | $274-279/mt $270-275/gt |
Shredded | $285-295/mt $280-290/gt |
Busheling | $366-376/mt $360-370/gt |
P&S | $290-295/mt $285-290/gt |