St. Louis ferrous scrap tags said moving higher

Dec 06, 2011 | 06:06 PM | Sean Davidson

Tags  ferrous scrap prices, Sean Davidson, midwest

NEW YORK — Ferrous scrap prices in St. Louis jumped $30 to $40 per gross ton Tuesday, following price trends previously set in Cincinnati and Detroit.

Market sources said prices for obsolete and cut grades settled an average of $30 per gross ton higher than in November, while prime grades rose $40 per gross ton.

No. 1 heavy melting steel scrap jumped to $395 per gross ton from $365 previously; No. 1 bundles rose to $470 per gross ton from $430; and shredded scrap climbed to $440 per gross ton from $410.....

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