Scrap Prices North America
March 23, 2017
April Ferrous Scrap Prices: No Dramatic Shifts in Pricing Seen
Written by John Packard
Early indications (and we should put special emphasis on the word “early”) are for ferrous scrap prices to trend slightly lower on shred and obsolete grades while prime grades (busheling/bundles) are expected to trade sideways due to strong demand from sheet mills.
In March, prices for prime grades of scrap rose $60-$65 per gross ton while products such as heavy melt and shredded scrap were up by $40 per ton. One of the reasons for the increase in prime grades was due to Nucor’s DRI plant in Louisiana being down for a few weeks for repairs. SMU sources are advising the pig iron markets are also tight which puts upward pressure on prime grades.
