Sources have confirmed that scrap prices in the Ohio Valley and US Northeast have settled as sideways for cuts and shred and down $50/gt on primes. Previously, one market source had pointed out that $450/gt busheling scrap was “not supportive” of current HRC prices, which in some cases are being heard as low as +/- $32 cwt. ($705/mt or $640/nt), and in some cases, less than that, for volume orders. This, sources said, was the driving factor in why mills pushed so hard to take primes down during this month’s buy cycle.
September settled scrap prices are listed in the chat below.
| Northeast | September | August | Change |
| Delivered to customer | |||
| HMS I | $315/mt | $315/mt | sideways |
| $310/gt | $310/gt | sideways | |
| Shredded | $406-$417/mt | $406-$417/mt | sideways |
| $400-$410/gt | $400-$410/gt | sideways | |
| P&S | $335/mt | $325-$335/mt | sideways |
| $330/gt | $320-$330/gt | sideways | |
| Busheling (Pittsburgh) | $412-$422/mt | $462-$472/mt | down $50/mt |
| $405-$415/gt | $455-$465/gt | down $50/gt |
| Ohio Valley | September | August | Change |
| Delivered to customer | |||
| HMS I | $345-$356/mt | $345-$356/mt | sideways |
| $340-$350/gt | $340-$350/gt | sideways | |
| Shredded | $417/mt | $417/mt | sideways |
| $410/gt | $410/gt | sideways | |
| P&S | $406/mt | $406/mt | sideways |
| $400-$405/gt | $400-$405/gt | sideways | |
| Busheling | $415-$422/mt | $462-$472/mt | down $50/mt |
| $405-$415/gt | $455-$465/gt | down $50/gt |