US ferrous scrap price settles during November buy-cycle negotiations in the US Ohio Valley and US Northeast finished mostly sideways to October, though Midwest busheling scrap settled down for November as workable trading ranges for that grade tightened amid reports of still abundant local supplies, market insiders told SteelOrbis. And, even though November settles were mostly sideways, insiders said the fact that pricing did not continue down across the board, as was seen in October supply negotiations, indicates a more bullish outlook for US scrap is emerging as more steel production facilities begin to emerge from annual maintenance operations.
US settled prices are below:
| Ohio Valley | November | October | Monthly Change |
| Delivered to customer | |||
| HMS I | $320-340/mt | $320-340/mt | Sideways to October |
| $315-335/gt | $315-335/gt | Sideways to October | |
| Shredded | $371-376/mt | $371-376/mt | Sideways to October |
| $365-370/gt | $365-370/gt | Sideways to October | |
| P&S | $357-367/mt | $357-367/mt | Sideways to October |
| $351-361/gt | $351-361/gt | Sideways to October | |
| Busheling | $391-401/mt | $401-427/mt | Down $18/mt from October |
| $385-395/gt | $395-420/gt | Down $18/gt from October |
| US Northeast | November | October | Monthly Change |
| Delivered to customer | |||
| HMS I | $300-315/mt | $300-315/mt | Sideways to October |
| $295-310/gt | $295-310/gt | Sideways to October | |
| Shredded | $320-330/mt | $320-330/mt | Sideways to October |
| $315-325/gt | $315-325/gt | Sideways to October | |
| P&S | $285-295/mt | $285-295/mt | Sideways to October |
| $280-290/gt | $280-290/gt | Sideways to October | |
| Busheling | $346-366/mt | $346-366/mt | Sideways to October |
| $340-360/gt | $340-360/gt | Sideways to October |
