Scrap Prices North America
June 8, 2017
Ferrous Scrap Prices Sideways to Down $10
Written by John Packard
Ferrous scrap pricing has solidified in most regions of the United States east of the Rocky Mountains. Scrap prices traded sideways (remained the same as last month) on prime grades such as bundles and busheling. Otherwise, shredded and obsolete grades saw declines of $10 to $15 per gross ton, according to Steel Market Update (SMU) sources.
One source in the Ohio Valley reported prime grades moving sideways at $380-$400 per gross ton. Shredded grades were down $10-$15 at $290-$295 per gross ton. Heavy melt scrap (HMS) declined by $10 and plate/structural dipped by $5 per gross ton.
