Scrap Prices North America
June 27, 2019
Will Ferrous Scrap Prices Find the Bottom in July?
Written by Tim Triplett
Declining ferrous scrap prices are expected to finally bottom in July, but only after backsliding by at least $10 per ton for one more month, predict Steel Market Update sources.
Flat rolled steelmakers announced a $40 per ton increase in finished steel prices this week, which brings increased scrutiny to the price of scrap. Scrap prices have been on the decline since the beginning of the year, adding to the downward pressure on finished steel prices.
