Scrap Prices North America
August 27, 2020
Scrap Market’s Bullish on September Prices
Written by Tim Triplett
Sentiment in the ferrous scrap markets is bullish leading into September, pointing to higher prices on both prime and obsolete scrap next month. That bodes well for the price increases on flat rolled and plate steel products announced by the mills this week.
Domestic demand continues to improve as scrap yard inflows remain relatively weak. Large pricing discrepancies between different regions of the country should begin to level out next month, so certain areas of the country will see greater increases than others, said one scrap dealer in the Northeast.
