Scrap Prices North America
December 10, 2013
Higher Scrap Pricing Forecast for January
Written by John Packard
The U.S. ferrous scrap market has seen prices moving higher during the first 10 days of December. We have seen shredded scrap prices moving $20 to $45 per gross ton depending on the market. Busheling has been more plentiful and has managed to remain stable to up $10 in most markets.
We asked one of our sources out of the East Coast to provide some color as to how they are seeing not only the current market, but where prices will go from here and what impact will Nucor’s DRI project have on market prices.
