Domestic trading for ferrous scrap this week brought $20/GT increases for all grades, except steel turnings which was mixed market by market. Detroit settled its turnings contracts up $20/GT from February levels, while Chicago and several southern markets picked up turnings deals at $10/GT premiums. Most markets, however, traded steel turnings down $10/GT from a month ago.
Export ferrous scrap also ticked higher during the week with an East Coast shipment headed to Turkey at $9/GT increase from a week earlier.
We will continue to keep you updated on market conditions through our website news section, so check back often. Metro Alloys has successfully served its clients for more than 30 years in all market conditions and we encourage you to contact your sales representative, Marvin Fish, Gary Kamp or Abby Frank with any questions.