US domestic scrap prices in the US Northeast region for December settled down $2-5/gt versus November values as mills sought out lower scrap pricing from suppliers in reaction to flagging finished steel demand thus far in the fourth quarter as well as lower scrap export pricing. Settled prices are below:
Northeast |
December |
November |
Monthly Change |
Delivered to customer |
|||
HMS I |
$340-355/mt |
$345-355/mt |
Down $2/mt from November |
$335-350/gt |
$340-350/gt |
Down $2/gt from November |
|
Shredded |
$370-380/mt |
$375-385/mt |
Down $5/mt from November |
$365-375/gt |
$370-380/gt |
Down $5/gt from November |
|
P&S |
$340-350/mt |
$345-355/mt |
Down $5/mt from November |
$335-345/gt |
$340-350/gt |
Down $5/gt from November |
|
Busheling (Pittsburgh) |
$395-415/mt |
$405-415/mt |
Down $5/mt from November |
$390-410/gt |
$400-410/gt |
Down $5/gt from November |