Ferrous Scrap Prices Mostly Sideways in December

Following increases in October and November, ferrous scrap prices for December settled with relatively little change, report Steel Market Update sources.

“Pittsburgh and points west went sideways. East of Pittsburgh and to the south, prices went down $10 per ton,” said one dealer. Export buying prices are off by $20 per ton, he added. “Declining international markets have capped or dropped domestic prices. The administration’s trade policies have the markets rattled.”