On May 8, SteelOrbis reported that US domestic scrap traded down $30-35/mt in May.
Researching further, sources inform SteelOrbis that prices ticked down in late week negotiations on weak demand and sufficient inventories that allowed buyers to place further pressure on domestic scrap prices in the Midwest region.
|
Ohio/Pennsylvania Delivered to customer |
May 13 |
May 8 |
Change* |
|
HMS I |
$274-279/mt $270-275/gt |
$279-284/mt $275-280/gt |
-$5/mt -$5/mt |
|
Shredded |
$300-305/mt $295-300/gt |
$305-307/mt $300-302/gt |
-$5/mt -$2/mt |
|
Busheling |
$330-340/mt $325-335/gt |
$330-351/mt $325-345/gt |
$0/mt -$11/mt |
|
P&S |
$300-305/mt $295-300/gt |
$300-305/mt $295-300/gt |
$0/mt $0/mt |
*Top number denotes a change from the bottom of the range and bottom number change from the top of the range in mt.