Sources close to SteelOrbis have confirmed that HMS scrap in the Ohio Valley settled by up $20/gt this month. This is similar to what's been seen in the Southeast, where HMS and P&S scrap (and turnings) all settled up by $20/gt. Other grades, however, held sideways. Sources have also said that HMS scrap was in “shorter supply” this month, which contributed to the uptrend.
Settled Ohio Valley scrap prices are listed in the chart below:
Ohio Valley | August | July | Change |
Delivered to customer | |||
HMS I | $345-$356/mt | $325-$335/mt | sideways |
$340-$350/gt | $320-$330/gt | up $20/gt | |
Shredded | $417/mt | $417/mt | sideways |
$410/gt | $410/gt | sideways | |
P&S | $406/mt | $406/mt | sideways |
$400/gt | $400/gt | sideways | |
Busheling | $472/mt | $472/mt | sideways |
$465/gt | $465/gt | sideways |