US H1 scrap average prices held steady during March last week

Published: Apr 7, 2015 14:34
The US H1 scrap price average prices were at $236.83 per long ton, as on 30th March, 2015.

 Author: Paul Ploumis07 Apr 2015 Last updated at 01:49:49 GMT  

 
ALBANY (Scrap Monster): The US H1 scrap price average prices were at $236.83 per long ton, as on 30th March, 2015. The prices remained steady when compared with the previous week. This is the second consecutive week that the H1 scrap average prices have remained flat.
 
The average price of US H1 scrap in Pittsburgh, Chicago and Philadelphia was $236.83 per long ton, remaining flat over the week.  
 
The H1 scrap average price in Pittsburg was $234.50 per long ton.  The average price remained unchanged when compared with the previous week’s price. In Chicago the prices averaged at $244.50 per long ton. The prices here too witnessed no change when matched with the previous week. The average price in Philadelphia was $231.50 per long ton. The prices held steady when compared with the week before.
 
The H1 scrap prices averaged at $232.50 per long ton in New York, Houston and Boston, holding steady from the previous week’s prices.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Platinum & Palladium Compounds Weekly: Faster Spot Deliveries, Modest Domestic Auto Recovery
1 hour ago
Platinum & Palladium Compounds Weekly: Faster Spot Deliveries, Modest Domestic Auto Recovery
Read More
Platinum & Palladium Compounds Weekly: Faster Spot Deliveries, Modest Domestic Auto Recovery
Platinum & Palladium Compounds Weekly: Faster Spot Deliveries, Modest Domestic Auto Recovery
1 hour ago
Fed Unanimously Votes for Rate Hike, Precious Metals Face Downward Pressure
2 hours ago
Fed Unanimously Votes for Rate Hike, Precious Metals Face Downward Pressure
Read More
Fed Unanimously Votes for Rate Hike, Precious Metals Face Downward Pressure
Fed Unanimously Votes for Rate Hike, Precious Metals Face Downward Pressure
**SMM News, September 17:** Overnight, Federal Reserve members voted unanimously in favor of an interest rate hike, a rare outcome, and further consecutive rate hikes remain possible. Precious metals have been under sustained downward pressure on the back of the rate hike news, triggering a sudden pullback in rhodium prices following their earlier rally. Some market participants noted that selling liquidity has dried up markedly over the past two days, and forced liquidation at lower prices has caused rhodium to fall sharply.
2 hours ago
Bravo Mining Reports Thick PGM-Nickel Intersections at Luanga Project in Brazil
2 hours ago
Bravo Mining Reports Thick PGM-Nickel Intersections at Luanga Project in Brazil
Read More
Bravo Mining Reports Thick PGM-Nickel Intersections at Luanga Project in Brazil
Bravo Mining Reports Thick PGM-Nickel Intersections at Luanga Project in Brazil
[SMM Flash] Bravo Mining has reported further infill and step-out drilling results from its 100%-owned Luanga palladium-platinum-rhodium-gold-nickel project in Pará, Brazil. Results from the Central Sector included 53.85 m at 2.83 g/t PGM+Au and 0.16% Ni, including 5.01 m at 10.68 g/t PGM+Au and 0.40% Ni. Other intersections included 39.75 m at 3.02 g/t PGM+Au and 0.32% Ni and 52.45 m at 2.06 g/t PGM+Au and 0.11% Ni. Bravo said the latest drilling demonstrates mineralisation continuity at depth and provides potential to expand and upgrade the existing Luanga resource. Results from the ongoing programme are expected to support an updated Mineral Resource Estimate targeted for Q1 2027. Luanga's combination of palladium, platinum, rhodium and nickel makes the project relevant to geographical diversification of future PGM supply. However, the latest results are exploration intersections and do not constitute Mineral Reserves or future production guidance.
2 hours ago