Scrap Prices North America
December 5, 2013
Scrap Prices Meeting & Somtimes Exceeding Expectations
Written by John Packard
The original forecast for December scrap pricing was for ferrous scrap prices to move sideways (no change) to slightly higher, maybe $10 per gross ton. That was three weeks ago. As the month of December moved closer, the expectation for a sideways move was replaced with up $10 to $20 per gross ton.
The month is upon us and we are gathering numbers from around the country and they are all over the place. The Chicago market has been relatively easy – all ferrous scrap items followed by Steel Market Update (#1 HMS, shred and #1 busheling) were all higher by $20 per gross ton.
