Scrap Prices North America
April 4, 2017
April Ferrous Scrap Prices Still Up in the Air
Written by John Packard
April ferrous scrap prices continue to be in negotiation as the domestic mills try to drive down the buying prices while the dealers try to hold on because they know the mill order books are still good – especially on the sheet mills.
We learned from one of our sources in the Ohio Valley the following, “For the most part pricing is still up in the air in the Ohio Valley and mid-west. It seem prices will end up at down $25-30 for obsolete grades and down approximately $10 for primes. However most of what has been done thus far has been tonnage allocations and TBD [to be determined] orders. Prices for shred are being negotiated in the $295-300/gtd [gross ton delivered] range and bush around $380/gtd. Final sales should be completed by Thursday.
