Scrap Prices North America
November 5, 2017
November Scrap: Settling or Working Off the Bottom?
Written by John Packard
Ferrous scrap prices for the month of November began coming into focus on Friday with SMU scrap sources advising prime grades as being down $10 per gross ton compared to October levels. Obsolete and cut grades were reported as trading sideways (same prices as October).
Not all regions are trading at the same pricing or even moving in the same increments. One of our Chicago area scrap sources advised that his company was moving down $10 on primes and sideways on other grades. Another scrap source on the East Coast reported some of the Chicago-area dealers and those in the Southeast as tracking sideways and not lowering their prime pricing.
