Scrap Prices North America
January 8, 2017
Will Ferrous Scrap Prices Peak in January?
Written by John Packard
Ferrous scrap price negotiations for January were slow to develop but by late Thursday and into Friday prices firmed and deals between the domestic steel mills and the scrap dealers were getting done.
The two largest scrap buyers, David J Joseph (Nucor) and Omnisource (Steel Dynamics), entered the market late during the week at $30 to $35 per gross ton higher than December transactions on both obsolete grades including shredded scrap. For primes they were generally offering prices that were $35-$45 per gross ton higher than month ago levels.
