Scrap Prices North America
August 25, 2016
September Scrap Has Mills Pressuring Prices with Mixed Results Expected
Written by John Packard
The prices for flat rolled steel have dropped over the past few weeks which is creating a situation where the domestic steel mills want to recoup a portion (or all) of the reductions by negotiating lower ferrous scrap pricing. The mills are asking for $20 per gross ton across the board (HMS, shred, prime grades) while dealers are holding out for a sideways market if at all possible.
One of our scrap sources pegged the early discussions regarding ferrous scrap prices as follows:
