Scrap Prices North America
October 29, 2020
Experts Predict “Strong Sideways” for November Scrap Prices
Written by Tim Triplett
Despite some initial concern that the ferrous scrap market would dip in November, scrap dealers anticipate a “strong sideways” price trend next month.
“Export sales have been voluminous over the last two weeks, and prices are now about $10 off the lowest levels they fell to over the last month or so,” said a dealer in the Northeast. “U.S. EAF demand is strong with their order books full and extending out, not to mention the rising HRC prices. Scrap inflows to dealer yards have slowed down from mid-September levels, which in part is seasonal and in part a response to slightly lower month-over-month prices from September to October.
