Market predicts March scrap prices to rise
March’s US scrap market could be “coming in like a lion” with strong prices, one Mid-Atlantic states scrap dealer tells Steel Business Briefing.
“By all accounts the mills have strong order books, and are projecting good business. On the other side, incoming scrap has been severely impacted by the weather, as has transportation, especially rail service. The result will be an up market for scrap-probably a significant ‘up,'” he believes.