US H1 scrap average prices remain stable

By  Paul Ploumis 09 Jul 2015  Last updated at  02:08:24 GMT

ALBANY (Scrap Monster): The US H1 scrap price average prices were at $253.83 per long ton, as on 6th July, 2015. The prices held steady with no change when compared with the previous week. This is the third straight week that the prices have remained unchanged.

The average price of US H1 scrap in Pittsburgh, Chicago and Philadelphia was $253.80 per long ton, remaining flat from the previous week. The scrap prices had averaged at the same price during the week prior to this.  

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The H1 scrap average price in Pittsburg was $249.50 per long ton.  The average price remained steady when compared with the previous week’s price. In Chicago the prices averaged at $258.50 per long ton. The prices here too held flat when matched with the previous week. The average price in Philadelphia was $253.50 per long ton. The prices here too witnessed no change when compared with the week before.

Meantime, the weekly crude steel output dropped considerably by 2.8% during the week from June 28th to July 4th. The output dropped by 49,000 short tons to 1.684 million short tons during the week.