US ferrous scrap prices during recent March buy-cycle negotiations in the US Ohio Valley and US Northeast regions settled flat to February levels, as improved inflows into local scrap yards appear to have boosted depleted inventories reported to SteelOrbis during February. This month’s sideways scrap settlement represents the first month since December 2025 where pricing failed to increase. During January and February, scrap prices rose $20-30/gt higher based on reports of a continued paucity of supply at local yards as a result of weather-related supply disruptions combined with solid demand from US domestic mills.
US settled prices are below:
| Ohio Valley | March | February | Monthly Change |
| Delivered to customer | |||
| HMS I | $390-410/mt | $390-410/mt | Sideways to February |
| $385-405/gt | $385-405/gt | Sideways to February | |
| Shredded | $452-456/mt | $452-456/mt | Sideways to February |
| $445-450/gt | $445-450/gt | Sideways to February | |
| P&S | $427-437/mt | $427-437/mt | Sideways to February |
| $421-431/gt | $421-431/gt | Sideways to February | |
| Busheling | $452-462/mt | $452-462/mt | Sideways to February |
| $445-455/gt | $445-455/gt | Sideways to February |
| US Northeast | March | February | Monthly Change |
| Delivered to customer | |||
| HMS I | $370-385/mt | $370-385/mt | Sideways to February |
| $365-380/gt | $365-380/gt | Sideways to February | |
| Shredded | $400-410/mt | $400-410/mt | Sideways to February |
| $395-405/gt | $395-405/gt | Sideways to February | |
| P&S | $355-365/mt | $355-365/mt | Sideways to February |
| $350-360/gt | $350-360/gt | Sideways to February | |
| Busheling | $406-426/mt | $406-426/mt | Sideways to February |
| $400-420/gt | $400-420/gt | Sideways to February |
