US domestic scrap prices take a tumble

Monday, 13 October 2014 19:17:49 (GMT+3)   |   San Diego
       

In the latter part of September, it was suspected that the US domestic scrap market was set for a downtrend, although no one could agree as to how far prices would slip.  Although the most common consensus was that prices would be down $10-$15/lt, the official number seems to be fluttering in the down $15-$20/lt range. 

Scrap dealer sources in the East Coast / Philadelphia region prices say that HMS I/II prices have come down $15/lt to $315-$320/lt, while shredded prices have come down $18/lt to $347-$352/lt. Busheling scrap, which is in shorter supply, has held stable in the approximate range of $390-$395/lt.

Prices in the Ohio Valley (Pittsburgh/Cleveland) area, which saw September ranges of $360-$370/lt for HMS I/II, $390-$400/lt for shredded scrap and $420-$430/lt for busheling scrap, have come down $20/lt across the board.

In the Tennessee / Kentucky region, busheling prices are down approximately $25/lt to $370-$385/lt. 


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