Scrap Prices North America
October 29, 2019
Scrap Prices Expected to Increase in November
Written by Tim Triplett
Ferrous scrap prices are expected to rise by about $20/GT in November, lending support to the increase in flat rolled prices announced by the mills last week.
“With mills seeking the price hike, they are unlikely to push scrap lower. It would make their negotiating position more difficult,” said Ryan McKinley, CRU North America analyst. He points to several other factors supporting higher scrap prices:
