Scrap Prices North America
November 27, 2018
Ferrous Scrap Prices: Little to No Increase Expected in December
Written by Tim Triplett
After rising in October and November, ferrous scrap prices are expected to move sideways in December with the possibility of a small $10 per ton increase for some grades. But weakness overseas complicates predictions longer term, say Steel Market Update sources.
“December is generally a month when scrap prices rise,” said CRU North America Steel Analyst Ryan McKinley. In the past five years, the increase has averaged $16 per ton. “But this year I think the upside will be limited.”
