Scrap Prices North America
July 24, 2018
Ferrous Scrap Prices Up in Early October Trades
Written by Tim Triplett
Following on declines in August and September, ferrous scrap prices in October are settling at an increase of $20 per ton for prime grades and $10 per ton for obsolete grades, according to Steel Market Update sources.
A dealer in the Northeast reports that the Detroit market has bought Busheling at $390/GT, up $20; Shredded at $325/GT, up $10; and Plate and Structural at $315/GT, up $10. Other mills are likely to follow suit in the coming days. Obsolete grades will be stronger in the southern districts than in the Northeast and Midwest, he said.
