Scrap Prices North America
April 28, 2020
Scrap Prices to Gain Support from Tight Supplies in May
Written by Tim Triplett
“The scrap market is almost certainly going to go sideways if not higher in May due to the extreme supply squeeze we have seen this month,” said CRU Senior Analyst Ryan McKinley.
Ferrous scrap prices weakened for much of the first quarter, punctuated by a $30-50 per ton decrease in April. But May scrap prices are expected to level out due to the limited supplies and demand that may strengthen a bit from April levels.
