Steel Products Prices North America
January 11, 2015
Scrap Prices Fizzle Due to Steel Industry Slowdown
Written by John Packard
As we reported last week, the $30 per ton ferrous scrap price increases failed to materialize once January negotiations began in earnest. A couple lucky deals were made up $20-$30 just as December ended and January began. However, those deals dried up almost as fast as the ink dried on the paper.
We are hearing most ferrous scrap pricing deals ended up being flat (sideways) to maybe up $10 or $15 per gross ton, depending on the product and region (and when the deal was done).
