Scrap Prices North America
November 28, 2017
Scrap Prices Poised to Rise in December and January
Written by John Packard
Steel Market Update (SMU) has been canvassing our ferrous scrap sources to find out where the industry sees prices once the negotiations begin with the domestic steel mills. All of our sources tell SMU they expect prices to be higher, somewhere in the $10 to $30 per gross ton range, compared to the November prices.
Dealers are telling us to expect a move of +$40 to +$60 per gross ton over the next 60 days.
