Scrap Prices North America
January 26, 2014
Written by Peter Wright
January 24th 2014. The Turkish Lira is in freefall. What does this mean for the US ferrous scrap industry?
This is a hard question to answer because we don’t know what we don’t know. What we do know is that the Turkish Lira has declined by 20.1% against the US $ in the last 12 months and that this decline has recently gone into free fall (Figure 1).
Calm before the storm
Having just attended the historically significant ISRI Mid-America Chapter Consumers Night Banquet in St. Louis and waiting for my delayed flight, it seemed I had the perfect opportunity to inform the industry of a few items that came out while wheeling and dealing in the beautiful Union Train Station Hotel. For the West Coast export […]
The US scrap market showed some stability in August, with prices mostly sideways on busheling and shredded grades, and HMS prices ticking up from the previous month, sources said.
Sheet prices were mixed this week with hot-rolled coil (HRC) and galvanized base prices slipping again even as cold-rolled tags inched up.
August could see US scrap prices stabilizing, or even rising, depending on the grade or region, scrap sources told SMU.
