Scrap Prices North America
September 25, 2018
Ferrous Scrap Prices to Stop Their Slide in October?
Written by Tim Triplett
Ferrous scrap prices have been on the decline, but may find a bottom in October, as most Steel Market Update sources forecast flat to slightly higher pricing next month.
CRU Steel Analyst Ryan McKinley reports that sentiment seems to be building for a “strong sideways” market in October. “If this play’s out, it will be the first October since 2013 where prices have not fallen between September and October. The last five years have had an average drop of $31 during this time period.”
