Sources close to SteelOrbis have confirmed that scrap prices in the US Northeast have settled down across the board. Similar to the Ohio Valley, HMS and P&S scrap settled down by $40/gt, shredded settled down by $50/gt, and primes settled down by $60/gt.
This month’s Northeast settled ranges are listed in the chart below.
Northeast | March | February | Change |
Delivered to customer | |||
HMS I | $315/mt | $356/gt | down $41/mt |
$310/gt | $350/gt | down $40/gt | |
Shredded | $396/mt | $447/mt | down $51/mt |
$390/gt | $440/gt | down $50/gt | |
P&S | $345/mt | $396/mt | down $41/mt |
$340/gt | $390/gt | down $40/gt | |
Busheling (Pitsburgh) | $376/mt | $437/mt | down $61/mt |
$370/gt | $430/gt | down $60/gt |