US Scrap Prices Heading back Up?
US scrap prices could head up next month by $20-30/long ton, followed by another similar price increase in January, market sources tell Steel Business Briefing. Shredded is currently selling for about $240- 255/l.t on the domestic market.
“We are hearing that a rise in the market is expected in December, and up more in January. We hope they are correct of course,” said one southern US scrap dealer, adding that he expects a $20-30/l.t increase each month.
Source: Steel Business Briefing