US ferrous scrap prices during the recent January buy-cycle negotiations in the US Ohio Valley and US Northeast regions settled $20-30/gt higher than equivalent December values, based on an outlook for steady domestic and export scrap demand, and a continued paucity of supply at local yards, market insiders told SteelOrbis this week. Insiders said domestic demand for scrap remains improved as more steel productive capacity is online following the completion of yearly maintenance operations, and as scrap inflows are reduced and some productive capacity curtailed at some local yards as a result of continued cold and snowy weather across the US Midwest and Northeast regions.
US settled prices are below:
| Ohio Valley | January | December | Monthly Change |
| Delivered to customer | |||
| HMS I | $370-390/mt | $340-360/mt | Plus $30 to December |
| $365-385/gt | $335-355/gt | Plus $30 to December | |
| Shredded | $421-426/mt | $391-396/mt | Plus $30 to December |
| $415-420/gt | $385-390/gt | Plus $30 to December | |
| P&S | $407-417/mt | $377-387/mt | Plus $30 to December |
| $401-411/gt | $371-381/gt | Plus $30 to December | |
| Busheling | $421-431/mt | $401-411/mt | Plus $20 to December |
| $415-425/gt | $395-405/gt | Plus $20 to December |
| US Northeast | January | December | Monthly Change |
| Delivered to customer | |||
| HMS I | $350-365/mt | $320-335/mt | Plus $30 to December |
| $345-360/gt | $315-330/gt | Plus $30 to December | |
| Shredded | $370-380/mt | $340-350/mt | Plus $30 to December |
| $365-375/gt | $335-345/gt | Plus $30 to December | |
| P&S | $335-345/mt | $305-315/mt | Plus $30 to December |
| $330-340/gt | $300-310/gt | Plus $30 to December | |
| Busheling | $376-396/mt | $356-376/mt | Plus $20 to December |
| $370-390/gt | $350-370/gt | Plus $20 to December |
