By Paul Ploumis (ScrapMonster Author)
January 14, 2016 07:43:24 AM
ALBANY (Scrap Monster): The US H1 scrap price average prices were at $163.50 per long ton, as on 11th January, 2016. The prices climbed higher by $13.33 per long ton when compared with the previous week. The scrap prices have witnessed an increase after holding steady for three weeks in a row.
The average price of US H1 scrap in Pittsburgh, Chicago and Philadelphia was $163.50 per long ton, rising by $16.67 per long ton. The scrap prices had averaged at $150.17 during the week prior to this.
ALSO SEE US Scrap Prices
The H1 scrap average price in Pittsburg was $159.50 per long ton. The average price witnessed a rise of $20 per long ton when compared with the previous week’s price. In Chicago the prices averaged at $172.50 per long ton. The prices here too rose by $20 per long ton when matched with the previous week. The average price in Philadelphia was $158.50 per long ton. The prices here remained unchanged when compared with the week before.
Meantime, the weekly crude steel output by the US rebounded sharply by 10.7% during the week from January 2nd to January 9th. The output surged higher considerably by 150,000 short tons to 1.594 million short tons during the week.