Scrap Prices North America
September 24, 2015
Scrap Markets Worst Seen Since 2009
Written by John Packard
Ferrous scrap prices continue to weaken due to sluggish demand at the domestic steel mills coupled with a lack of exports off the East Coast USA to Turkey.
Turkish scrap prices have tumbled over the past thirty days, down $46 per ton or nearly 20 percent compared to last month. An 80/20 HMS mix is now going for $192 per metric ton delivered to Turkey. Our sources are advising us that the exporters on the East Coast are offering to pay $125-$130 per gross ton for 80/20 delivered to the docks.
