Scrap Prices North America
September 10, 2019
Ferrous Scrap Drops $30-40 Per Ton in September
Written by Tim Triplett
Following on a small $20 increase in August, ferrous scrap prices for September are down $30 to $40 per ton as U.S. mills adjusted to lower demand and planned for upcoming fall shutdowns.
“Prices fell this month amid a confluence of factors including ample supply, a weakening export market and mill outages,” reported CRU North America Analyst Ryan McKinley. “The oversupply became apparent to mills in mid to late August due to the volume of shred still on offer to them.”
