Final Thoughts
April 5, 2018
Final Thoughts
Written by John Packard
First, ferrous scrap prices are rising for delivery during the month of April. However, our sources are telling us that the increases are not at the $20-$30 per gross ton suggested a few days ago. The mills are playing hardball and the sense is that prices will drop in May, so dealers are taking what they can get now.
We understand Chicago prime scrap is up $10, and $20 on shred and heavy melt (HMS). In the South, prices at the flat rolled mills are reported by our sources to be up $15 on shred and $20 on primes. We will have more about April ferrous scrap prices in Sunday’s issue of Steel Market Update.
