Scrap Prices North America
January 26, 2020
Ferrous Scrap Prices Expected to Decline in February
Written by Tim Triplett
Looking ahead to February, Steel Market Update sources predict ferrous scrap prices will decline by $10-20/GT, which has implications for finished steel prices next month.
February is the shortest month of the year, so buying programs will be somewhat weaker, said CRU Senior Analyst Ryan McKinley. “It looks like the February scrap market will trade $10-20/GT lower m/m. The winter has remained relatively mild, and flows are still strong enough to warrant a decrease—or at least a price rollover.”
