After trading up in March, sources inform SteelOrbis that US domestic scrap traded down in April across all grades. In March, market prices were supported by export activity, cold winter conditions, and strong domestic demand. The downward trend in April is attributed to higher expected feedstock into scrap yards on improved weather, maintenance schedules at mills and some weakening in book orders at some mills that injected caution.
*Top number denotes change from the bottom of the range and bottom number change from the top of the range in mt.
|
Ohio/Pennsylvania Delivered to customer |
April |
March |
Change* |
|
HMS I |
$310-315/mt $305-310/gt |
$335-340/mt $330-335/gt |
-$25/mt -$25/mt |
|
Shredded |
$335-337/mt $330-332/gt |
$360-362/mt $354-356/gt |
-$25/mt -$25/mt |
|
Busheling |
$366-386/mt $360-380/gt |
$386-406/mt $380-400/gt |
-$20/mt -$20/mt |
|
P&S |
$330-335/mt $325-330/gt |
$360-362mt $354-356/gt |
-$30/mt -$27/mt |
|
East Coast Delivered to customer |
April |
March |
Change* |
|
HMS I |
$295/mt $290/gt |
$315/mt $310/gt |
-$20/mt
|
|
Shredded |
$315/mt $310/gt |
$340/mt $335/gt |
-$25/mt
|
|
Busheling |
$330-335/mt $325-330/gt |
$351-356/mt $345-350/gt |
-$21/mt -$21/mt |
|
P&S |
$305/mt $300/gt |
$330/mt $325/gt |
-$25/mt -$27/mt |