February Ferrous Scrap Market Trades Sideways

Pete Meyers, Vice President of Ferrous Scrap Sales & Marketing for Metalico advised Steel Market Update this morning as to what they saw for trading for the month of February:

“The Feb scrap market has indeed traded sideways. There were instances of higher sales based on individual mills having to reach remote tons, and mills dropping prices because they didn’t have to pay remote. Neither of which is significant enough to warrant attention.