Scrap Prices North America
June 10, 2018
U.S Ferrous Scrap Prices Stay Steady in June
Written by John Packard
Steel Market Update’s sources reported that the June ferrous scrap trade produced slightly higher prices on prime grades of about $10 per ton and little change on obsolete grades.
“There was a significant supply of shredded and cut grades offered into the market, which is not unusual for a June trade. Under market conditions like those in recent years, that would have meant a decline around $20. But because of what’s happening today, demand is very strong and the supply was bought at largely unchanged prices,” said a dealer in the Northeast.
