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    Analysis

    December 7, 2016

    Final Thoughts

    Written by John Packard

    Scrap prices still appear to be up anywhere from $40 per ton (very early deals) to as much as $50 per ton with most of the deals done late this week in the +$50 range. Dealers have sold all of the scrap they want to dispose of during the month of December. One of our sources pointed to foreign deals being done with one of the domestic steel mills in the $300 per metric ton delivered to the USA mills.

    In the Ohio Valley we heard scrap prices settled at: HMS = $250-$260 per gross ton; Shred = $285-$290 per gross ton and busheling = $280-$290 per gross ton. We heard from another source who put the overall market at HMS = $240-$250 per gross ton; shred at $265-$275 per gross ton and busheling at $280-$290 per gross ton. All prices are delivered to the domestic steel mills.

    John Packard

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