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    December 6, 2023

    Detroit-area scrap buyer offering up $30-50/gt for December

    Written by Michael Cowden

    A large Detroit-area scrap buyer entered the market on Wednesday offering to pay significantly higher prices than a month earlier.

    The company offered busheling and shredded scrap up $50 per gross ton from November. Plate and structural were offered up $30 per gross ton from last month.

    Michael Cowden

    Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

    Read more from Michael Cowden

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