Market Update

Chicago scrap price for #1 Busheling is at $270/ton. Detroit scrap price increased by $30/ton Chicago expected to follow.

Mill lead-times pushing into late February/early March for hot-roll products.

Superior Steel Supply predicts a strong start in 2020 for steel markets – we anticipate continuity through 1st quarter.

Arcelor Mittal suffered an explosion to their Indiana Harbor East Location. The explosion damaged an oxygen furnace and control room. AM expects to ramp up production at other facilities (Northwest Indiana Times, J. S. Pete, 12-27-19).