Freezing Up – February’s Scrap Market
Scrap buyers took down the market on the heels of lower finished steel prices and shorter lead times. Stable export prices and January’s cold snap, however, l ...
Hitting the Brakes – January’s Scrap Market
Steel mills hit the brakes and stayed relatively quiet during January's ferrous trade. What was forecasted to be a big start to 2024's scrap metal market beca ...
The Nice List – December’s Scrap Market
As we wind down 2023, Chicago’s ferrous scrap market soared to unexpected levels, with all scrap metal grades enjoying a significant month-to-month price increa ...
Cooler Temps – Hot Markets – November’s Scrap Market
Temperatures may be cooling down, but scrap metal demand is heating up. A healthy appetite for scrap metal was met with tight inventories this month, and the ex ...
Underway – October’s Scrap Market
The Midwest's healthy appetite for scrap metal was met by tight inventories and Scrap Dealers' reluctance to sell tons as October appears to be the bottom of t ...
Delayed – September’s Scrap Market
The US ferrous scrap market slowly took shape, and regional prices were delayed to settle. Monthly ferrous trade is conducted the first week of the month, and ...
Sign of Things to Come? – August’s Scrap Market
August ferrous scrap market settled strong sideways in the Midwest with tightening supply and increased summer demand forcing what seems to be a bottom to Chica ...
Headwinds – July’s Scrap Market
Chicago’s scrap metal market met headwinds with prices dropping for the fourth consecutive month. Supply concerns, however, have limited price downside and are ...
Market Retreat – June’s Scrap Market
Reduced mill demand is the theme for the bearish outlook impacting Chicago's ferrous and non-ferrous scrap markets. Until demand rebounds, scrap prices will con ...
Market Fatigue – May’s Scrap Market
Chicago's ferrous scrap metal prices are on the upswing, continuing their climb following three months of price gains.