Scrap market prices in the US Northeast have settled up across the board. Prices this month were supported by several factors, such as seasonal slowdowns in scrap inflows, weak mill inventories, higher export scrap prices, and higher domestic steel prices.
December settled prices for this region are listed in the chart below.
Northeast | December | November | Change |
Delivered to customer | |||
HMS I | $366/mt | $335/mt | up $31/mt |
$360/gt | $330/gt | up $30/gt | |
Shredded | $417/mt | $386/mt | up $31/mt |
$410/gt | $380/gt | up $30/gt | |
P&S | $386/mt | $356/mt | up $30/mt |
$380/gt | $350/gt | up $30/gt | |
Busheling (Pittsburgh) | $493-$503/mt | $442-$452/mt | up $51/mt |
$485-$495/gt | $435-$445/gt | up $50/gt |