Scrap Prices North America
October 26, 2014
November Scrap Prices Forecast to Drop by $20
Written by John Packard
As one of our scrap sources out on the East Coast put it on Friday, talk within scrap circles is very negative for November and the market is poised for another move lower.
“Domestic demand for November scrap seems lackluster and export demand at this point – I think everyone knows the story there – is terrible. There is a bottom at some point – and November may be it – but I have no good news for the immediate future,” is what we heard from one east coast source.
