US scrap prices stable in July as tighter local supply balanced by low export demand, weak currency

Tuesday, 08 July 2025 17:49:10 (GMT+3)   |   San Diego

Prices for US ferrous scrap for July delivery in the Ohio Valley and the Northeast remained unchanged this month compared to June. Continued reports of tightening domestic inventory were balanced by limited export demand and general weakness in international currency markets following the June 4 increase in Section 232 steel and aluminum tariffs from 25 percent to 50 percent.

US settled prices are below:

Ohio Valley July June Monthly Change
Delivered to customer
HMS I $330-351/gt $330-351/gt Sideways to June
$325-345/gt $325-345/gt Sideways to June
Shredded $381-387/mt $381-387/mt Sideways to June
$375-380/gt $375-380/gt Sideways to June
P&S $367-377/mt $367-377/mt Sideways to June
$361-371/gt $361-371/gt Sideways to June
Busheling $443-468/mt $443-468/mt Sideways to June
$435-460/gt $435-460/gt Sideways to June
US Northeast July June Monthly Change
Delivered to customer
HMS I $310-325/mt $310-325/mt Sideways to June
$305-320/gt $305-320/gt Sideways to June
Shredded $330-342/mt $330-342/mt Sideways to June
$325-335/gt $325-335/gt Sideways to June
P&S $300-310/mt $300-310/mt Sideways to June
$295-305/gt $295-305/gt Sideways to June
Busheling $387-407/mt $387-407/mt Sideways to June
$380-400/gt $380-400/gt Sideways to June

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