US HRC Steel prices plummet; US Stainless Steel Scrap prices remain flat

UNITED STATES April 09 2015 9:13 AM
NEW YORK (Scrap Register): United States hot rolled cold (HRC) steel weekly average prices plummeted further last week, while stainless steel scrap prices on Scrap Register Price Index remained flat.

According to the Steel Index, US HRC prices plummeted further by $13 a short ton to $462 a short ton in the week ended April 03 as Midwest buyers continued to obtain discounts in a quiet market.

Most of the reported trades were within the $460-470 a short ton range, although some bigger volume deals were done at the lower end or below.

However, the prices of major stainless steel scrap commodities like 201 SS, 301 SS, 309 SS, 310 SS and 330 SS were unchanged on Scrap Register US Price Index during last week.