US domestic Midwest scrap prices in the Ohio Valley for August were sideways to July as low finished steel demand was balanced by reduced scrap yard inventories estimated to be off as much as 50 percent. Traders quoted the market as “sloppy” with buying activity reported light.
August scrap settle prices are below:
Ohio Valley |
August |
July |
Change |
Delivered to customer |
|||
HMS I |
$325/mt |
$325/mt |
flat to July |
$320/gt |
$320/gt |
flat to July |
|
Shredded |
$376-386/mt |
$381/mt |
flat to July |
$370-380/gt |
$375/gt |
flat to July |
|
P&S |
$351-361/mt |
$356/mt |
flat to July |
$345-355/gt |
$350/gt |
flat to July |
|
Busheling |
$361-381/mt |
$371/mt |
flat to July |
$355-375/gt |
$365/gt |
flat to July |