Final Thoughts
March 5, 2014
Final Thoughts
Written by John Packard
Scrap prices in Detroit, Carolinas and Alabama have settled lower for March delivery according to SMU sources. Detroit ferrous scrap prices were reported to be down $20 per gross ton while the Carolinas were down $15-$20 and Alabama down $15 per gross ton.
The main issue continues to be the lack of a firm scrap export market to Turkey. The result being an overabundance of ferrous scrap which cannot be exported so it makes it way into the domestic markets on the east coast and west.
