Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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December 2017 | North American Steels


US scrap market gets bullish in December: Raw Material Highlights


Record high premiums for prime grade scrap over obsolete continued to get adjusted downward this month.

December settlements saw prices go up for all US scrap grades. The prices rose by $30-40/long ton month-on-month for obsolete ferrous scrap for both shredded and cut grades such as HMS and cut structural/plate across the US. Sellers achieved $10-30/long ton increases, depending on the region, for prime grade scrap including bundles and busheling this month compared with the November settlement. Philadelphia saw the smallest price rise for prime scrap as #1 busheling settled at $350/l.ton delivered. Also in the Northeast, Pittsburgh saw the biggest rise for prime scrap as...

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