Scrap Metal Prices
138 Disposal Options for Ships
0
20
40
60
80
100
120
140
160
US$ per long ton
Chicago
Pittsburgh
Houston
Philadelphia
Seattle
San Francisco
RAND
MR1377-D.3
1/95 5/95 9/95 1/96 5/96 9/96 1/97 5/97 9/97 1/98 5/98 9/98 1/99 5/99 9/99 1/00 5/00 9/00
Date
Figure D.3—Average Monthly U.S. Prices for Heavy Melting No. 2 Steel Scrap
phia. We selected Philadelphia over Pittsburgh despite the former’s scrap price
being depressed because the additional transportation costs to Pittsburgh of up
to $20 per ton could offset the price difference. Moreover, many of the ships in
the inactive inventory are stored near Philadelphia and nearby Baltimore. In
the average, the Philadelphia price was weighted by a factor of two to account
for the abundance of nearby ships. Using October 2000 average prices resulted
in a location-weighted average of $53 in current U.S. dollars per long ton for
mill-size scrap delivered to the mill. The price for modules delivered to a
middleman is half this amount.
NONFERROUS SCRAP METAL PRICES
In addition to ferrous alloys, the Navy and MARAD ships contain nonferrous
metals and alloys—aluminum, copper, copper alloys, and lead. Figure D.4
shows the average monthly price for the different classes of aluminum delivered
to mills and dealers. Primary metal commands the highest price because, in
contrast to the scrap classes, it can be directly used in fabrication. Prices for the
scrap classes depend on whether the aluminum is cast or sheet; for the time
period shown, they did not vary appreciably. As was true for the ferrous metals,
the dealer price for aluminum is below all the prices shown. We selected an
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