Scrap Prices North America
August 8, 2017
Scrap Prices Jump on Strong Export Demand
Written by Tim Triplett
Ferrous scrap prices are up about $20 per ton across the board on strong domestic demand and scrap export markets “that are on fire,” say SMU’s scrap sources.
One scrap metal processor with locations across the country reports HMS at $300, shred at $315 and busheling at $390 per gross ton for August delivery. Export prices are increasing by the day, he says, and are likely to go up by another $15 to $20 per metric ton within 30 days. “I cannot point to any weakness that would draw this market down.”
