Scrap Prices North America
December 9, 2018
Ferrous Scrap Prices Down Sharply in January
Written by Tim Triplett
Ferrous scrap prices are down sharply in January, settling $30 to $40 per ton lower than December, report Steel Market Update sources.
The decline was a surprise to many as scrap prices typically rebound in January following seasonal slowness at the end of the year. CRU Steel Analyst Ryan McKinley noted that this is the first December-to-January price drop since 2006, and the largest in at least two decades.
