Scrap Prices North America
March 7, 2017
Ferrous Scrap Prices Roar with Primes Up $50-$80
Written by John Packard
Flat rolled steel order books have been helping push ferrous scrap prices higher for March delivery to the domestic steel mills. Steelmakers have paid $50 to $80 per gross ton higher prices than February for prime grades such as busheling and bundles. Sheet mills pushed their buying prices in order to get the supply of prime grades needed. The addition of Big River Steel into the buying mixed, Nucor having issues with its Louisiana DRI facility and limited pig iron coming out of Brazil and Ukraine have all helped tighten the prime scrap markets.
Busheling prices in the northern USA range from $360 per gross ton to as high as $400 per gross ton.
