Scrap Prices North America
March 12, 2015
Ferrous Scrap Update: April Bounce Ahead (Dead Cat or Otherwise)?
Written by John Packard
As Steel Market Update has discussed in previous articles on the subject of scrap pricing, the original projections by buyers of scrap were for prices to drop $20 per gross ton on all products for the month of March. The projected March reduction would have been on the heels of an $80 to $110 per gross ton drop in scrap prices during the month of February.
However, the scrap markets have a tendency to surprise, both on the way down and on the way back up.
