Scrap Prices North America
January 5, 2014
Early Shredded Scrap Sales for January Up $15 to $25
Written by John Packard
The first couple of days of January did capture a few sales of shredded scrap into the Midwest/Ohio Valley markets. Early reports are a number of orders were taken to the domestic steel mills at higher numbers ranging from a low of up $15 to a high of up $25. This is at the low end of the projected range dealers were forecasting just prior to the beginning of the year.
One New York based shredding operation advised SMU they sold two lots of shredded, one to Steel Dynamics at up $20 per gross ton and one to Nucor at up $15 per gross ton.
