Ferrous scrap prices rise as Detroit enters mart
Jan 08, 2014 | 05:12 PM
| Sean Davidson
NEW YORK Ferrous scrap trading kicked off in earnest in the Midwest as mills in the Detroit area finally entered the market Jan. 8 with bids up between $10 and $20 per gross ton from December, depending on scrap grade and mill needs.
Market participants in the Detroit area said No. 1 busheling rose by $10 per ton from last month, while shredded scrap trades were reported $20 higher.
While one consumer source reportedly secured some plate and structural scrap at a $10-per-ton-increase, other mills reportedly have paid $15 per ton more than last month for obsolete grades like plate and structural and heavy melt scrap.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.