By Paul Ploumis 16 Jul 2015 Last updated at 01:37:35 GMT

ALBANY (Scrap Monster): The US H1 scrap price average prices were at $242.17 per long ton, as on 13th July, 2015. The prices dropped by $11.66 per long ton when compared with the previous week. The average scrap prices have dropped for the first time after remaining flat for three weeks in a row.

The average price of US H1 scrap in Pittsburgh, Chicago and Philadelphia was $242.17 per long ton, declining marginally from the previous week. The scrap prices had averaged at $253.83 per long ton during the week prior to this. 

The H1 scrap average price in Pittsburg was $234.50 per long ton.  The average price dropped by $15 per long ton when compared with the previous week’s price. In Chicago the prices averaged at $248.50 per long ton. The prices here too declined by $10 per long ton when matched with the previous week. The average price in Philadelphia was $243.50 per long ton. The prices here witnessed drop of $10 per long ton when compared with the week before.

Meantime, the weekly crude steel output rebounded sharply by 3.3% during the week from July 4th to July 11th. The output increased by 92,000 short tons to 1.740 million short tons during the week.