US scrap surcharges to decline
US scrap surcharges to decline, could impact November prices
A key US shredded scrap price that determines surcharges for a number of steel products, especially longs, has declined by $30 a long ton – from $370 to $340, Steel Business Briefing learns.
As SBB previously reported, the shredded scrap price was expected to decline by at least $20/l.t.
Source: Steel Business Briefing