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    February 4, 2018

    February Ferrous Scrap Trades Sideways

    Written by Brett Linton

    Led by the Detroit scrap buyers, ferrous scrap traded sideways in most markets that had been concluded by the end of the day on Friday. Shredded scrap prices in the Detroit area were unchanged at $330-$345 per gross ton, while prime grades continue to trade at $370-$380 per gross ton.

    There were few if any cancellations of January orders that had not yet shipped by the end of the month. This is usually a sign that the steel mills need the material and delivery is more important than trying to push numbers lower. There is still snow and cold weather in the north and east, which slows down collection of scrap and deliveries to the steel mills.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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