US ferrous scrap prices for October delivery in the US Ohio Valley and US Northeast settled $10-20/gt less during this week’s October buy-cycle negotiations as a result of reduced scrap buying from US mills as annual maintenance continues to reduce raw materials demand, scrap insiders told SteelOrbis. Insiders added that in a similar fashion to September, a continued bearish market sentiment as the US and global economies struggle amid ongoing steel tariffs also is reducing the near-term outlook for finished steel demand as US steel markets enter the 4th quarter.
US settled prices are below:
| Ohio Valley | October | September | Monthly Change |
| Delivered to customer | |||
| HMS I | $320-340/mt | $330-351/mt | Down $10/mt from September |
| $315-335/gt | $325-345/gt | Down $10/gt from September | |
| Shredded | $371-376/mt | $381-387/mt | Down $10/mt from September |
| $365-370/gt | $375-380/gt | Down $10/gt from September | |
| P&S | $357-367/mt | $367-377/mt | Down $10/mt from September |
| $351-361/gt | $361-371/gt | Down $10/gt from September | |
| Busheling | $401-427/mt | $423-448/mt | Down $20/mt from September |
| $395-420/gt | $415-440/gt | Down $20/gt from September |
| US Northeast | October | September | Monthly Change |
| Delivered to customer | |||
| HMS I | $300-315/mt | $310-325/mt | Down $10/mt from September |
| $295-310/gt | $305-320/gt | Down $10/gt from September | |
| Shredded | $320-330/mt | $330-340/mt | Down $10/mt from September |
| $315-325/gt | $325-335/gt | Down $10/gt from September | |
| P&S | $285-295/mt | $300-310/mt | Down $15/mt from September |
| $280-290/gt | $295-305/gt | Down $15/gt from September | |
| Busheling | $346-366/mt | $366-386/mt | Down $20/mt from September |
| $340-360/gt | $360-380/gt | Down $20/gt from September |
