Scrap Prices North America
December 4, 2014
Shredded Scrap Prices Rise
Written by John Packard
With buying prices down by approximately $60 per ton over the past two months, we are seeing a lack of feedstock for shredded scrap across the country. The net result is shredded scrap prices are up $5 to $10 per gross ton compared to where they were in November in most regions east of the Rockies. Our sources are advising SMU that most of the other grades of ferrous scrap have seen their pricing moving sideways (remain the same) as the prior month.
SMU asked one of our East Coast scrap sources to provide their insights into the December scrap pricing compared to November:
