US domestic scrap markets settle on cues from Detroit mills

Scrap dealers and steel mills in Chicago and Indiana continue to look for direction on prime scrap prices for October, but other markets were quick to follow trends established by Detroit.

On Wednesday October 2 most mills in the Detroit-area traded at prices that were mostly unchanged from September and set the tone for other markets as mills in Canada and Texas followed suit a day later. Metal Bulletin sister title AMM’s price assessments for Detroit were mostly unchanged, apart from No1 heavy melt and 5ft plate and structural scrap, which fell $2 to $341 and $358 per gross ton,...

Published

October 04, 2013

16:48 GMT

New York