Scrap Prices North America
October 25, 2016
November Scrap Prices Expected to Increase by $10-$30
Written by John Packard
Steel Market Update scrap sources are advising us to expect ferrous scrap prices have bottomed and will increase once the November negotiations get underway next week with the domestic steel mills. We are hearing scrap prices should increase by a minimum of $10 per gross ton and some items could go up by as much as $30 per gross ton.
One of the major drivers is the strength of the exports markets which are seeing better demand out of both Turkey and Asia.
