Scrap Prices North America
August 28, 2018
Ferrous Scrap Prices Likely to Decline in September
Written by Tim Triplett
Ferrous scrap prices are likely to decline further in September after a modest drop in August, agree Steel Market Update sources.
CRU Steel Analyst Ryan McKinley expects a drop of about $20 per ton across the board in September, driven primarily by an overhang of shredded scrap in the market and weak export demand. “There is a drop coming next month for sure and maybe the month after that, likely followed by a seasonal price correction in November/December. We’ll be looking at a tighter market towards the end of the year,” he said.
