Scrap Prices North America
July 9, 2015
Scrap Prices Weaken Much More than Market Expected
Written by John Packard
A month ago one of our dealer sources echoed the views of many in the ferrous scrap business, he expected nothing worse than a sideways (no change) market for July scrap prices. He pointed to stronger demand at the steel mills and continued weak collection of obsolete scrap grades. We will hear more from him later in this article.
Since then the market has changed. Two of the domestic mills brought in multiple vessels of scrap from Europe.
