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Pittsburgh, Cleveland ferrous scrap prices fall

February 05, 2012 - 02:05 GMT Location: Pittsburgh

KEYWORDS: scrap prices , Pittsburgh , Cleveland , busheling , HMS , shredded

Ferrous scrap prices have dropped $30 to $50 a gross ton across the board in Pittsburgh and Cleveland this month, with overabundant prime grades taking the biggest hit.

"The prime grades are pretty tough to move, and that is why you are seeing them down as high as $50 a ton. Last month, we had to sell out bundles all the way into to the Midwest," said a large Pittsburgh processor.

Shred is also readily available and continues to trade on par with five-foot plate and structural scrap, with both grades falling $40 to $445 a ton.

"If prices fall much lower, the...

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Ferrous

May 24, 2012 00:29 Harsco renews three multiyear contracts in US
May 23, 2012 14:45 DAILY SCRAP REPORT: Index unchanged on lack of new offers
May 23, 2012 10:24 China halts scrap imports on weak domestic market
May 23, 2012 08:53 SE Asia scrap prices down $15-20 as buyers await market cues
May 23, 2012 00:35 US recyclers facing bankruptcy filings

Ferrous Scrap

May 24, 2012 00:29 Harsco renews three multiyear contracts in US
May 23, 2012 14:45 DAILY SCRAP REPORT: Index unchanged on lack of new offers
May 23, 2012 10:24 China halts scrap imports on weak domestic market
May 23, 2012 00:35 US recyclers facing bankruptcy filings
May 23, 2012 00:31 SA Recycling dismisses Calif. closure rumors

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