Scrap Prices North America
February 25, 2016
Expectation is for Ferrous Scrap Prices to Move Sideways in March
Written by John Packard
Steel Market Update has been speaking with various scrap sources to see what the market trend looks like as we head into March ferrous scrap pricing negotiations. Virtually all dealers are of the opinion that the market looks to be sideways (same pricing as February) with maybe a little “lean” toward the upside.
The dealers are reporting the mills are concerned about deliveries and there is some concern at the mills about export prices to Turkey moving up a few dollars recently.
