Scrap Prices North America
September 5, 2013
Scrap Prices Weakening as Week Progresses
Written by John Packard
Final Scrap Pricing Settlement Numbers Still in Negotiation
Scrap prices continued their weakening trend – especially on shredded with cut grades such as #1 HMS and prime grades such as #1 busheling are moving sideways to down $10 depending on the geographical location and the status of the mills in each area. We heard from a Chicago area dealer that all three grades (HMS, shred and busheling) were sold down $10 per gross ton. This is most likely due to the #3 furnace having been offline at Indiana Harbor and now ArcelorMittal is taking a blast furnace down at Cleveland.
