Scrap Prices North America
March 28, 2019
Ferrous Scrap Prices Poised for Another Drop in May
Written by Tim Triplett
Ferrous scrap prices are poised to drop substantially in May, anywhere from $20 to $50 per gross ton, predict Steel Market Update sources, adding to the downward price momentum on finished steel. Scrap prices moved down or sideways in three of the first four months of the year.
CRU North America steel analyst Ryan McKinley said sentiment is souring and some observers believe U.S. scrap prices could decline by as much as $40-50 next month for the following reasons:
