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Weekly Updates[GRAPHIC OMITTED]
Ferrous scrap pricing showed less volatility In October after two months of sizable price hikes. Most grades in most regions declined in the average mill buying price. The biggest mover was a decline of $10 per ton for No. 1 HMS In the North Central/East region, while the greatest stability was In the South, where no grade changed by more than $2 per ton.
Reported regional aggregated spot market prices per gross ton shown for each commodity are based on all Management Science Associates' (MSA) Raw Material Data Aggregation Service (RMDAS) participants' actual order data submitted to and processed by MSA as of the 20th of each respective "buy month," rounded to the whole integer. A map of RMDAS regions is available at http://rmdas.msa. com, as is a further explanation of RMDAS methodology and an accompanying disclaimer.
No. 2 Shredded Scrap is defined as containing .17 percent or greater copper content. The prompt industrial composite consists of an average of No. 1 bundles and No. 1 busheling. Additional pricing information on each grade can be found at www.RecyclingToday.com.
[c] 2007 Management Science Associates Inc. All rights reserved RMDAS is a trademark of Management Science Associates Inc.
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