Scrap Prices North America
October 12, 2014
Scrap Undergoing Fundamental Shift as Scrap Pricing Sags
Written by John Packard
Ferrous scrap prices for October delivery into the domestic steel mills have so far this month declined by $10 to $20 per gross ton. Prices vary based on geographical region and product but our sources in Chicago advised us that their prices fell by $20 per gross ton on all products.
We received the following analysis of the market from one of our eastern scrap sources over the weekend in response to inquiries made on Friday of this past week. We thought our source’s response went straight to the point and we have included it in its entirety for our readers:
