Scrap Prices North America
June 10, 2018
SMU Sources Predict $10 Increase for Prime Scrap in July
Written by Tim Triplett
Most Steel Market Update sources expect prime scrap to increase by about $10 per ton in July, with the price of obsolete grades moving sideways.
“Strong demand and lagging deliveries are the driving factors in the July market. Mills will be reluctant to cancel outstanding orders for fear of losing scrap to other mills and disrupting their own pipeline,” said one dealer in the East.
