Final Thoughts
February 4, 2015
Final Thoughts
Written by John Packard
For some reason, we made an error when setting up this newsletter yesterday evening that stopped it from being published. We apologize for the delay in getting it to you.
Earlier this week ferrous scrap pricing in Detroit settled at down $100 per gross ton on prime grades of scrap such as #1 busheling and bundles. Other grades of scrap were reported to have fallen by $80 per ton. The $80 to $100 drop is much higher than the $30 to $50 forecast a few weeks ago and even the $70 per gross ton which was being discussed one week ago. We will report on the Midwest numbers in Sunday evening’s edition.
