US ferrous scrap prices for September delivery in the Ohio Valley and the Northeast settled sideways for most grades, though a $20/gt discount was noted for prime busheling grades following three straight months of overall sideways settlements.
The sideways to lower September settlements are the result of reduced scrap buying from domestic mills as many begin yearly maintenance-related shutdowns this month, a continuation of low flat-rolled steel prices, as well as a general bearish economic market sentiment that continues to pervade the US, market insiders told SteelOrbis this week.
US settled prices are below:
| Ohio Valley | September | August | Monthly Change |
| Delivered to customer | |||
| HMS I | $330-351/mt | $330-351/mt | Sideways to August |
| $325-345/gt | $325-345/gt | Sideways to August | |
| Shredded | $381-387/mt | $381-387/mt | Sideways to August |
| $375-380/gt | $375-380/gt | Sideways to August | |
| P&S | $367-377/mt | $367-377/mt | Sideways to August |
| $361-371/gt | $361-371/gt | Sideways to August | |
| Busheling | $423-448/mt | $443-468/mt | Down $20/mt from August |
| $415-440/gt | $435-460/gt | Down $20/gt from August |
| US Northeast | September | August | Monthly Change |
| Delivered to customer | |||
| HMS I | $310-325/mt | $310-325/mt | Sideways to August |
| $305-320/gt | $305-320/gt | Sideways to August | |
| Shredded | $330-342/mt | $330-342/mt | Sideways to August |
| $325-335/gt | $325-335/gt | Sideways to August | |
| P&S | $300-310/mt | $300-310/mt | Sideways to August |
| $295-305/gt | $295-305/gt | Sideways to August | |
| Busheling | $367-387/mt | $387-407/mt | Down $20/mt from August |
| $360-380/gt | $380-400/gt | Down $20/gt from August |
