Scrap Prices North America
April 6, 2017
Scrap Prices Slip Less Than Originally Thought
Written by John Packard
Scrap dealers are pointing at the order book at the domestic mills as one of the main reasons why ferrous scrap prices inched back after the domestic mills initially pushed for shred and obsolete grades to be lower by $30 per gross ton. The mills could not get enough dealers to fill their scrap order books and by this morning the offers were up by $5-$10 per gross ton.
We heard from scrap guru Mike Marley earlier today who told his readers about the events of the day:
