Scrap Prices North America
November 5, 2013
Early Reports Have Shredded Scrap up $30 in Detroit, Pittsburgh, Cleveland
Written by John Packard
According to Steel Market Update (SMU) sources scrap prices are headed higher for the month of November delivery into the domestic steel mills. Early reports have Detroit settling up $30 per gross ton on all grades. We have also heard shred prices are up $30 per gross ton in the Cleveland and Pittsburgh markets and up $20 on prime grades.
SMU heard from one of our East Coast sources who told us, “East is looking like it’s up $20/GT but only 3 mills buying. We are doing deals in the OH Valley and Southeast at up $30/GT for shred and cut grades. Primes look like they are higher by about the same. The market is developing still – we just started selling scrap.
