Scrap Prices North America
July 9, 2019
Steel Prices Likely to Get Support from Higher Scrap in August
Written by Tim Triplett
Ferrous scrap prices are widely expected to move up in August anywhere from $10 to $30 per ton, lending support to higher finished steel prices.
“Most of the trade on both sides of the aisle are expecting the August market to strengthen, though there is debate on how much,” said one Steel Market Update source. “The prevailing view is $15-20/GT across the board. Most of the mill outages are over and the recent increases for HRC have increased demand to where business is looking better.”
