Scrap Prices North America
May 19, 2016
Scrap Sources Expect Sideways on Primes & Down Slightly on Obsolete Grades
Written by John Packard
Our scrap sources are a little less optimistic today about June scrap price negotiations than they were a couple of short weeks ago. Those pesky Chinese are once again mucking up the waters with their billet offers to Turkey (billet can be used in place of scrap and cost less to convert to long products like rebar).
Here is what we heard from one of our sources on the east coast which is where most of the ferrous scrap moves from the U.S. to Turkey:
