Scrap Prices North America
April 30, 2015
Scrap Prices Expected to Move Sideways for May
Written by John Packard
Scrap dealers are expecting sideways pricing as we enter the month of May and negotiations with the various steel mills. Our sources are advising SMU that the weakest area continues to be the Midwest (Indiana and Ohio Valley) while the East and South have seen demand strengthening. Even though the Midwest is the weakest area dealers are reporting that there has been some improvement.
One of our East Coast sources advised us that they believe the domestic mills will try to push the numbers lower but they felt the risk of lower prices was relatively low right now.
