Steel Products Prices North America
April 28, 2016
Scrap Pricing Expected to Lead Next Price Increase on Flat Rolled
Written by John Packard
Steel buyers are beginning to brace themselves for what may well be another tumultuous month of allocations, closed order books and even higher steel prices. At this point it is a foregone conclusion with most buyers that there will be another increase. The question really is how much higher will prices go during the month of May?
One of the major inputs which is pushing mill base prices is ferrous scrap pricing. There are reports that scrap may be short in some markets. The expectation for scrap prices for May are for higher prices but exactly how much has been a moving target over the past week.
