Scrap Prices North America
May 1, 2014
April Scrap Negotiations
Written by John Packard
Today is the 3rd of April and negotiations between the steel mills and their scrap suppliers continue in earnest. We heard from one of our sources that Detroit has settled up $10 per gross ton. Our source reported #1 Heavy Melt (HMS) at $365-$370 per gross ton, shredded scrap at $395-$400 per gross ton and #1 Busheling at the same number as shred, $395-$400 per gross ton.
The Northeastern section of the United States is reporting scrap prices as being up $20 per ton at this time but not all the trading has been completed. One trader reported the number as a “solid” $20/GT.
