US Northeast scrap prices have settled up substantially during this month’s buy cycle. Prices, however, swung widely depending on the buyer and the seller-- and some sellers reported selling P&S scrap up to $40/gt ($41/mt) higher than the average transaction price.
The average price ranges for HMS I, shredded, P&S and busheling scrap are listed in the chart below.
Northeast | December | November | Change |
Delivered to customer | |||
HMS I | $315-$325/mt | $254-$259/mt | up $61/mt |
$310-$320/gt | $250-$255/gt | up $60/gt | |
Shredded | $361-$371/mt | $284-$290/mt | up $77/mt |
$355-$365/gt | $280-$285/gt | up $75/gt | |
P&S | $335/mt | $264-$269/mt | up $71/mt |
$330/gt | $260-$265/gt | up $70/gt | |
Busheling | $391-$396/mt | $305-$310/mt | up $86/mt |
$385-$390/gt | $300-$305/gt | up$85/gt |