Economy
March 3, 2014
Keys to Watch in March
Written by John Packard
The early sentiment has scrap prices dropping during the month of March but not as strong or as wide-spread as forecast a couple of weeks ago. Flows into the scrap yards have been impacted by the severe weather in the North and this is tempering the drop which, according to at least one SMU scrap source in Chicago, allowed some dealers to get the same prices as February.
A limited drop in scrap prices could be a positive for the industry and assist in stemming the drop in steel prices.
