Ferrous Scrap Metal

These declines have taken prices back to the levels seen at the middle of last year for most obsolete scrap grades like No. 1 heavy melt steel and shredded scrap, as well as biting into price tags for most industrial steel scrap. 

Ferrous scrap prices have plunged more than $300 a ton this month, matching September's swoon.

Just to give you a brief description on the current market situation, see the following article from MetalBulletin (its the news website of this industry):

DELIVERY TIME:             Ex-Yard or 14 days to ship to Seattle

CONTRACT LENGTH:     Spot contract

PRICE:                              210USD per ton Ex-Yard (9 miles away from Anchorage sea port) OR 310USD FOB Seattle

QUANTITY:                     4,000 metric tons

SPECIFICATION:             HMS1&2 (80/20), ISRI 200-203

COMMODITY:                4,000 metric tons of ferrous scrap

COMMODITY: 4, 000 metric tons of ferrous scrap
SPECIFICATION: HMS1 & 2 (80 / 20) , ISRI 200-203