Scrap Prices North America
October 28, 2018
Ferrous Scrap Prices Expected to Rise Again in November
Written by Tim Triplett
Steel Market Update sources are expecting another $10-$20 per ton increase in ferrous scrap prices in November, much like the bump seen in October.
“If there is a $10-$20 change, shredded scrap will be on the higher end, given typical seasonal slowdowns and lower scale prices,” said CRU North America Steel Analyst Ryan McKinley. Some sources tell McKinley the increase next month could be as high as $30 if mills start buying for December.
