Steel Products
January 30, 2013
February Scrap Market Could Be a Mixed Bag
Written by John Packard
Mid-Atlantic Projected Higher – Midwest Sideways to Slightly Lower
The February scrap markets are beginning to take shape and our sources are advising SMU that the negativity which existed one or two weeks ago may be waning. Indications are now for a rising market in the east and a sideways market (with a chance for an upside surprise) in the Midwest as a debate brews as to whether demand is strengthening and mill operating rates are improving. At the same time flows into the yards vary due to weather.
