Prices
February 9, 2024
Miller on scrap: February tags seen edging down
Written by Stephen Miller
The market for February scrap shipments has largely been settled. The prices for scrap across the country went down very modestly. The price tags on #1 Busheling and bundles went down $10 per gross ton (gt) in most districts. The exceptions were Chicago and Detroit, which fell $30/gt, to $480 and $475, respectively.
It should be noted mills in these two districts paid more than their official prices last month for these grades. So, we really can’t determine what the actual decline in price was.
