Steel Scrap Prices: Weekly Market Report –1st December, 2023
The LME Steel Scrap CFR Turkey (Platts) Month 2 Closing price as on 30th November, 2023 stood at $410.00 per tonne.
SEATTLE (Scrap Monster):The weekly analysis of the Scrap Monster Price Index data suggests that steel scrap prices in all regions witnessed no change during the past one week period from 24th November, 2023 to 30th November, 2023.
North America Prices
The #1 Bundle and #1 Busheling prices held steady over the week.
#1 HMS and HMS 80/20 prices too were flat on Index during the week.
The price movement of #1 HMS over the week is depicted below:
The Sheet Metal prices witnessed no change from previous week’s level of $255 per MT.
Also, no price change was seen in Shredded Auto Scrap and Structural Steel.
USA East Coast Prices
The price of various steel scrap commodities were stagnant during the previous week. The prices of #1 Bundle, #1 Busheling, #1 HMS, HMS 80/20, Sheet Metal and Shredded Auto Scrap held steady.
Also, the Structural Steel prices remained unchanged at $335 per MT on Index.
The price chart of #1 Busheling for the week ended 30th November, 2023 is given below:
USA Midwest Prices
The region reported flat prices for various steel scrap categories. The below chart represents the variation in prices of Shredded Auto Scrap over the previous week:
USA West Coast Prices
The West Coast region steel scrap prices were unmoved, compared to the previous week.
The prices of HMS 80/20, #1 HMS, Sheet Metal, #1 Busheling, Structural Steel, Shredded Auto Scrap and #1 Bundle posted no change from prior-week levels.
China Prices
The Chinese steel scrap market remained flat during the week. The prices of #1 HMS witnessed no change from the prior week. Cast Iron Scrap prices held steady, as shown in the below chart.
Europe Prices
The prices of all steel scrap commodities such as #1 HMS, Cast Iron Scrap, Grade 1 Old Steel, Grade 2 Old Steel, Grade OA Structural Plate, Sheet Metal, Shredded Auto Scrap and Structural Steel held steady when compared with the week before.
The price variation in Structural Steel over the one-week period from 24th November, 2023 to 30th November, 2023 is provided in the below chart.
LME Steel Market Update
The LME Steel Scrap CFR Turkey (Platts) Month 2 Closing price as on 30th November, 2023 stood at $410.00 per tonne.
The LME Steel Rebar FOB Turkey (Platts) Month 2 Contract closed at $594.00 per tonne, down upon comparison with the close of the previous week.
Meantime, LME Steel Scrap CFR India (Platts) Month 2 prices as on 30th November, 2023 closed at $450.50 per tonne.
Scrap Metal Prices
| Copper Scrap | ||
| Alternator | 0.41 | $US/Lb |
| #1 Copper Bare Bright | 4.30 | $US/Lb |
| Aluminum Scrap | ||
| 356 Aluminum Wheels (Clean) | 0.80 | $US/Lb |
| 6061 Extrusions | 0.70 | $US/Lb |
| Steel Scrap | ||
| #1 Bundle | 360.00 | $US/MT |
| #1 Busheling | 380.00 | $US/MT |
| Electronics Scrap | ||