Steel Products
March 6, 2013
Early Scrap Update: +$30 to +$45 per gross ton
Written by John Packard
Early indications our of SMU industry sources is for Midwest scrap prices to be $30-$45 per ton higher than what we found at the beginning of February. Negotiations are continuing with a number of mills but we have heard of a few deals being done on prime grades at +$40 per gross ton.
We heard from one Chicago area scrap supplier of sales being made at $437 per gross ton delivered for #1 busheling and $432 per gross ton on bundles.
